- April 1, 2015: Vol. 9, Number 4

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Toil and trouble: Given all that is happening, why does Europe continue to be attractive to real estate investors?

by James Wallace

We live in complicated times. The European Central Bank’s programme of bond buying finally got underway in January to counter economic stagnation and deflationary risks in the euro zone. Many believe that the action is necessary but is probably insufficient to stave off the worst of the economic tail risks, such are the myriad of problems troubling Europe.

Perversely, Europe’s — and the world’s — macro concerns could, in fact, be net positive for Europe’s commercial property markets. But, inevitably, there are also some dangers ahead.

The primary European macroeconomic concerns on the horizon comprise:

•          The impact of the ECB’s quantitative easing (QE)   programme

•          The enduring threat of deflation and stagnation

•        &nb

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