What trends were observed in European property investment, and which property asset classes saw the

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Investors poured a record €359 billion into European property, with a focus on homes and warehouses as they moved away from offices and shops, which were negatively affected by the pandemic. Large-scale rental housing, known as multifamily or build-to-rent developments, saw a significant increase, with €102.6 billion invested, which was 42% more than in 2020. Offices received €111 billion in investments, but that figure was 20% below 2019 levels due to uncertainty surrounding the future of work. Investment in the logistics sector increased 48% year on year to €62 billion, driven by booming demand for ecommerce. Meanwhile, investment in the retail sector continued to decline, down 11% from 2020 at €35.2 billion.

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