Commercial real estate prices in Europe plummeted in April 2023 as uncertainty due to macroeconomic headwinds and tighter monetary policy continued to suppress investor sentiment and transaction volume. The office sector was most severely affected, with property prices declining by nearly 29 percent year-on-year according to Green Street's pan-European commercial property price index. The index measures the development of commercial real estate prices across 25 of the most liquid property markets in Europe with August 2007 as a base month and an index value of 100. Overall, commercial real estate prices declined by approximately 21 percent, which was
Green Street pan-European commercial property price index (CPPI) and annual percentage change as of April 2023, by property type
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Green Street Advisors. (January 12, 2023). Green Street pan-European commercial property price index (CPPI) and annual percentage change as of April 2023, by property type [Graph]. In Statista. Retrieved May 16, 2024, from https://www.statista.com/statistics/1398487/pan-european-commercial-property-price-index-by-type/
Green Street Advisors. "Green Street pan-European commercial property price index (CPPI) and annual percentage change as of April 2023, by property type ." Chart. January 12, 2023. Statista. Accessed May 16, 2024. https://www.statista.com/statistics/1398487/pan-european-commercial-property-price-index-by-type/
Green Street Advisors. (2023). Green Street pan-European commercial property price index (CPPI) and annual percentage change as of April 2023, by property type . Statista. Statista Inc.. Accessed: May 16, 2024. https://www.statista.com/statistics/1398487/pan-european-commercial-property-price-index-by-type/
Green Street Advisors. "Green Street Pan-european Commercial Property Price Index (Cppi) and Annual Percentage Change as of April 2023, by Property Type ." Statista, Statista Inc., 12 Jan 2023, https://www.statista.com/statistics/1398487/pan-european-commercial-property-price-index-by-type/
Green Street Advisors, Green Street pan-European commercial property price index (CPPI) and annual percentage change as of April 2023, by property type Statista, https://www.statista.com/statistics/1398487/pan-european-commercial-property-price-index-by-type/ (last visited May 16, 2024)
Green Street pan-European commercial property price index (CPPI) and annual percentage change as of April 2023, by property type [Graph], Green Street Advisors, January 12, 2023. [Online]. Available: https://www.statista.com/statistics/1398487/pan-european-commercial-property-price-index-by-type/