Speculation abounds on about how rescue plans will impact Europe’s banking sector and its property market. This briefing explores why businesses that are prepared to act and effectively manage their real estate portfolios will come out ahead in this changing landscape.
Despite difficult conditions, property in France remains a strategic sector for investors. However, as this report reveals, the effects of the toiling finance sector, gulf between vendor and buyer expectations, and general uncertainty have taken a toll, expected to drive expected investment volumes down to 2004 levels.
Britain’s investment market experienced a turbulent third quarter, with falling prices, falling volumes, and illiquidity of debt. The outlook for the rest of 2008 is for property companies to remain active as prices continue to fall, and for dwindling availability of finance to put pressure on purchasers.