German market 'has the best prospects for fast recovery'

Property professionals in Europe believe the bottom of the cycle has yet to come, according to a survey conducted by Messe München, the organiser of the Expo Real international proeprty fair in Munich.

The survey respondents expect the international property sector to continue to be affected by stagnation, tighter liquidity, insolvencies and job losses. Overall, however, the experts believe that the European countries, in particular Germany, will recover fastest from the crisis. In their view, office property and retail space will benefit soonest from a renewed upswing. They also forecast good development prospects for logistics and residential property.

The survey was conducted by Expo Real among industry experts and trade journalists from Germany and abroad who were accredited for the last event in October 2008.

This year's Expo Real takes place in Munich from 5 to 7 October 2009. 'Despite the mood of crisis in the sector around the world, we are quietly confident about Expo Real in autumn. This show benefits from the fact that it takes place in the business location of Germany, the country which on an international comparison has the most stable property market,' said Eugen Egetenmeir, a member of the management board of Messe München.