© Reuters. FILE PHOTO: Lights are seen in home windows of an workplace constructing early within the morning in Brussels, Belgium, October 28, 2022. REUTERS/Yves Herman/File Photograph
LONDON (Reuters) – European business actual property funding fell to its lowest in 11 years within the first quarter of 2023, MSCI Actual Property mentioned on Thursday, as traders spooked by larger rates of interest and the financial outlook put acquisition plans on ice.
The variety of workplaces offered – Europe’s largest actual property sector – fell to its lowest on file, whereas the amount of transactions slumped to a 13-year low of 10.8 billion euros ($11.94 billion).