Confidence in Europe, its secondary markets, up in 2014
After recording the best year for commercial real estate investment since 2007, investor confidence in Europe has skyrocketed in 2014, with many investors ready to scour secondary markets for higher yields once again, according to the European Real Estate Investor Intentions Survey, 2014, by CBRE.
In 2013, there was €166 billion ($221 billion) in turnover of European commercial real estate, 30 percent greater than in 2012. Investors responded to the economic improvement that was seen in every market in the region, with economic sentiment higher than long-run averages in seven different countries, especially the United Kingdom. Foreign investors responded even more than European investors, with non-European investment in the region up more than 50 percent from 2012. A full 67 percent of survey respondents reported that they expected to increase their purchasing activity in 2014, and more than one