Commercial property investment slumps to ten-year low

Office real estate investment was impacted by ‘continued weak sentiment’ as property deals fell to 2013 levels, according to BNP Paribas

Peter Flanagan, head of capital markets at BNP Paribas, said that an increase in investment activity is expected in the second quarter of the year. Picture: Getty

Investment in commercial property has fallen to its lowest level since 2013, according to new figures.

Statistics from BNP Paribas, the property consultants, show that a total of €161.7 million of investment property was traded in 20 transactions in the first quarter of 2024, leaving an average of €8.1 million per deal.

The average quarterly figures for the last ten years stand at €1.1 billion of investment over 55 transactions – an average deal of ...