Real estate market falls 78% in Europe in Q1. Bucharest fails to attract any investments

The volume of transactions with commercial real estate properties reached the lowest level since the beginning of the financial crisis in Europe. During the first quarter of 2009, the volume dropped 78%, compared to Q1 2008. from 15.6 to 3.5 billion Euros, a report of BNP Paribas Real Estate indicates, after monitoring 20 large European cities. Bucharest, Manchester and Lille are the only cities that didn’t attract any investments at all this year. None of the cities saw an increase of the investments volume.