Europe commercial property sales may slow

Berlin

OFFICES and shops in London, Paris and Frankfurt may be a little harder to sell this year because of concerns over high prices and shrinking demand from Asian and Middle East investors.

The value of commercial property sales will probably be little changed in 2016, following three years in which it rose by more than 20 per cent, property broker Knight Frank LLP said in a report on Friday. The deal volume for 2015 amounted to about 235 billion euros (S$367.3 billion), according to the firm's provisional estimate, approaching the 260 billion euro record set in 2007.