The first quarter of 2022 was dealt a devastating shock by Russia’s invasion of Ukraine - despite this, market resilience and historically high levels of dry powder continued to support investor interest in commercial real estate (CRE) in Europe, the Middle East and Africa (EMEA).

Our Q1 2022 Capital Markets Snapshot indicates that in Q1 investor interest in commercial real estate continued to recover from the pandemic, with many investors seeing property as a hedge against rising prices. Provisional figures for the first quarter suggest a 5% rise in volumes from the same quarter of 2021, with rolling 12-month volumes up by 7%.