In the wake of the global credit crisis, investment in European commercial real estate dropped 13% last year, according to Jones Lang LaSalle. The property advisor's latest report estimated the final total for 2007 would be about EUR 220 bn as the slump generated by the turmoil in the financial markets curbed spending on European real estate to EUR 100 bn in the second half of 2007, 25% down on the same period a year earlier. This followed a strong first half when EUR 121 bn was transacted.
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