Green Street pan-European commercial property price index development 2008-2023
Commercial real estate prices in Europe plummeted in April 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 106.8 index points in April 2023. That was a decline of about 21 percent from the same month the year before and the largest year-on-year decrease recorded. Among the different sectors, offices were most severely affected.
