Arvi Luoma, executive director of the International Investment Department at US REIT and leaseback specialist WP Carey, does not think that the future for European real estate is particularly clear at the moment – but says that might not be a bad thing.
'The geopolitical situation in every country is changing,' he said at Expo Real.
'We have elections coming up across Europe – and clearly the electorate is fed up with how things have been, which has knock-on effects. You start to see macroeconomic blips and that naturally flows down to the real estate markets. However, even events like Brexit present opportunities,’ he adds. 'In fact, wherever there are concerns, whenever there are market dislocations, we see potential.'
