Highlights
Europe’s economic crisis has left real estate investment and development in limbo – little relief expected in 2012: Emerging Trends Real Estate® Europe
An economic crisis has left the European real estate industry in limbo, with preferred markets chosen more on their potential as safe havens than high-growth hubs, and with highly specialised non-core investments gaining attention as alternatives to traditional property types, according to
Emerging Trends in Real Estate® Europe 2012, the annual industry forecast published by PwC and ULI.
The report says that the prospects for any turnaround this year hinge on how recent regulatory measures will affect banks’ willingness to make commercial loans, and whether another financial industry collapse caused by sovereign debt issues ultimately triggers a widespread release of assets by banks to investors.