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	13 marzo 2007 
	New research into the European 
	office market shows that demand for office space in major cities across the 
	continent has continued to rise in the last six months, a trend which is 
	expected to continue into 2007.Launched at the MIPIM international property conference in Cannes (March 
	13th – 16th) by GVA Worldwide, the European Office Market Review reveals 
	that improvement in economic conditions is boosting the demand and take-up 
	of office space. This in turn is leading to a continuing decline in vacancy 
	rates, which again is forecast to continue throughout the coming year.
 The report also identifies the European markets which are experiencing 
	rental growth, with London, Dublin and Madrid highlighted as cities 
	currently experiencing particularly strong levels of rental growth.
 In addition to the occupational office market, investment markets in the 
	sector across the EU remain very strong, with record levels of investment 
	being reached in a number of countries. The Nordic region is particularly 
	buoyant, with record transaction volumes in Oslo and Stockholm, while mature 
	markets such as Frankfurt, Milan and Madrid also enjoyed significant 
	investment activity.
 Increasing prosperity in much of Central and Eastern Europe has brought 
	about new opportunities for investors in their property markets. In the 
	Baltic’s both domestic and foreign investors are active, and the market is 
	expected to attract greater interest as these markets become more integrated 
	with Western Europe.
 GVA Worldwide spokesperson Mark Bateman said: “The office market across 
	major European cities is clearly benefiting from the overall growth of the 
	economy, with increasing demand and take-up of office space, falling vacancy 
	rates and significant investment activity across many regions. As the EU 
	expands with the rise of new member states, new opportunities are arising 
	for investors to take advantage of.”
 
 
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