After almost two years of falling valuations, Europe’s commercial property slump is easing up.
Values fell just 0.5% in the three months through March, a significantly slower rate of decline than the 3.4% drop recorded in the final quarter of last year, data compiled by Altus Group show. While the figure represents the seventh straight quarter of shrinking values, the modest decrease represents the best performance since June 2022, Altus’ data show.