Q1 investment deals at €44.5bn, down 32% quarter on quarter and lowest since 2013.: European commercial real estate investment transactions fell to the lowest level in six years in the first quarter of 2019, According to Real Capital Analytics (RCA). The research from the property data firm said the property deals fell during the first three months of the year, with “slowing economic growth and political uncertainty” weighing on markets where high pricing and the difficulty of sourcing assets are also impacting sentiment.