Current state of the European economy and CRE: Situs report
Situs, a global provider of strategic business solutions for the finance and commercial real estate industries, has released its Situs RERC Real Estate Report – European Edition.
The report provides insight into the current state of the European economy and commercial real estate, including analyses of the major asset classes and European regions. Situs RERC surveyed experts throughout Europe and culled data from hundreds of CRE valuations to provide data on investment rates and investor sentiment.
“In the United Kingdom, the economy and CRE are benefiting from loose economic policies, a weak pound sterling and an influx of foreign investors looking for places to park their money for the long term,” said Taco Brink, managing director of Situs RERC. “These trends are overriding understandable concerns about the short- and long-term effects of Brexit.”
Some key highlights of the report include:Ireland and Spain have had great econo