Green Street pan-European commercial property price index development 2008-2024
Commercial real estate prices in Europe plummeted in 2023 as uncertainty due to macroeconomic headwinds and tighter monetary policy continued to suppress investor sentiment and transaction volume. Green Street's pan-European commercial property price index, which 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, stood at 98.6 index points in April 2024. That was a decline of about five percent from the same month a year ago. Among the different sectors, offices were most severely affected.