The political landscape at the end of the first half of 2017 is arguably much more positive than many would have dared hope for at the beginning of the year.

Resurgent support for centre-ground parties in the Netherlands, France and most recently Germany has quelled various far right threats. Only in the UK has the incumbent establishment been weakened, by self-inflicted wounds, but when compared to a year ago, perhaps even this represents a return to stability.

Against this improving political backdrop, total real estate investment in Europe reached €130bn in H1 2017, representing a 13% increase on the same period last year. The strong quarterly performance was, in large part, driven by an upturn in UK trading activity with volumes reaching €23.4bn in Q2 2017, up from €16bn in Q1 2017, and a 54% increase on the same period last year.