Activity returns to property

Activity in the European property investment market inched up to ¤13bn (£11.2bn) in the second quarter, from ¤11.6bn in the first quarter of 2009, according to CBRE. The group said that while it is too early to predict a sustained upturn, there is some expectation that the fourth quarter could see a modest further improvement in transaction volumes. Property agent CBRE yesterday said investment market activity quickened in the London market towards the end of second quarter.