Value of Europe’s listed sector hit by UK politics

Political wrangling in the UK and Germany has led to a decline in the value of Europe’s listed commercial property market.

At the end of the second quarter, the total value of listed real estate in developed Europe reached $486bn (£392bn), down 1.2% from $492bn in Q1, according to the latest figures from EPRA.

The total value of the UK listed commercial property market dropped to $87.5bn, down 5% from $91.7bn on the quarter.

The UK is still the second biggest developed European market behind Germany, where values fell from $112.9bn to $104.9bn.

EPRA director