23.8 billion euros were invested on the commercial real estate markets of Europe in the first quarter

The moderate investment turnover reflected the seasonal slowdown on the European commercial real estate sales market in early 2012 – states CB Richard Ellis global real estate consultant in its latest research.

The investments have not reached 24 billion euros in the first quarter, which is a 31 percent drop, compared to the last quarter of 2011 and 18 percent below the same period of last year. It is roughly coincides with the activity level of 2010.

Exception was Scandinavia, where turnover increased by nearly 50 percent in the first quarter

of 2012, compared to the previous year. The region continues to be the favorite of risk-averse  property investors. (MTI)