Capital values grew on average by 1.1% across the 30 cities included in the Savills World Cities Prime Residential Index in H1 2023.

A headline inflation reading showed the rate coming down to 5.5% in June.

Via Agora will act as both developer and contractor for the scheme.

The package consists of fully let existing properties built from 2021 onwards.

According to Savills total investment volume for the second quarter of the year will be around €33bn, will represent a 57% drop compared to the same period last year.

In the first quarter of 2023, industrial producer prices fell by 2.2% compared with the last quarter of 2022.

Germany managed to build only 295,300 homes in 2022, well below Chancellor Olaf Solz's target of 400,000 a year.

Thoughts on changing zoning and urban planning rules.

Compared with the first quarter of 2022, rents and house prices in the EU increased with a 2.9% rise in rents and a 0.8% increase in house prices.

The first RICS European Summit will take place at the Procuratie Vecchie, on 19 & 20 October