The climate is looking more favourable for real estate investment in Europe with many viewing the Eurozone debt crisis as a potential stimulus for activity, a new survey shows.
Among more than 500 real estate investors across 15 countries in Europe surveyed in late 2012 by Ernst & Young there is a change in perception that is likely to boost sentiment.
Investors still view most European countries as attractive investment destinations, particularly for non-Eurozone countries such as the UK.
The survey also found that investors expect transaction volumes to rise, driven in large part by cross border investments and think green building standards are playing a key role in many markets. However, they also perceive that speculative project developments are returning only gradually in many markets.
Overall they expect stability and also some growth potential for prime offices or rising prices for prime retail and residential property in most European countries.
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