Investment in Europe's real estate sector is recovering at pace following years of subdued activity, according to new research from commercial property group CBRE.

Home sales in March were weaker than expected, due to higher mortgage rates and concern over the broader economy.

Mortgage demand continues to drop as mortgage rates climb to a 2-month high. Refinance demand is hit the most, while homebuyers face economic uncertainty.

The four-floor listing at 111 West 57th St. spans 11,480 square feet and is being pitched as a rare collector’s item for global elites.

Mortgage rates moved sharply higher last week, causing a drop in mortgage demand and a surge in homebuyers seeking riskier loans.