European real estate is set to stay firmly in the spotlight for global investors with a resulting two-year window of high activity and attractive relative pricing, Cushman & Wakefield says in a new report.
European real estate is set to stay firmly in the spotlight for global investors with a resulting two-year window of high activity and attractive relative pricing, Cushman & Wakefield says in a new report.
Real estate in Europe will benefit during this period, the report states, because of improved property investment supply, portfolio restructuring, rising prices and the impact of quantitative easing.
The report, Capital Views - The Allure of Europe, notes that while activity has spread rapidly around all corners of Europe from the core, on to the South and now towards Central Europe, global money has lagged behind, staying close to the biggest hub markets. The UK, Germany and France took three quarters of all global money in Europe in the past year for example.
According to Cushman & Wakefield, this is now changing with Southern Europe in particular coming on to the global radar. Spain, for example, is now the only country other than the UK to draw capital from all global regions. This change is expected to accelerate in 2015 as global investors turn to more new markets across the region.
Jan-Willem Bastijn, head of EMEA capital markets at Cushman & Wakefield, said: 'The overall choice open to investors is increasing as banks deleverage, portfolios are turned and development comes back to the agenda. This heightened availability in a stabilising economy will continue to underpin activity for domestic and foreign buyers, with potential for the market to deliver a new peak for trading in excess of the previous record of €275 bn.'
Click here for a PDF of the full report
