No no-go areas: Growth in Europe may be hard to find, but investors are seeing opportunities
Last year had all the attributes of another mediocre year for European real estate; transaction volume running negative as compared to the year before. Then, in the fourth quarter, trading activity billowed like an early winter storm slamming into northern Europe. Much of the dealmaking came from foreign investors. The big question is why? After subsequent years of post-recession blues, the euro crisis and depression (not recession) in specific southern European countries, why would foreign investors come to Europe? Was it for the long-term prospects of European industry and society?