The European property market had a turnaround in 2010. Following falls in 2009, invested stock and transaction volumes rose. Consequently, Europe still has the largest invested stock of all the global regions.
Last year’s recovery in capital values has left Europe on average the least attractively priced region globally. At the same time, the sheer size and variety of European markets still leaves plenty to choose from. But investors do need to be more selective than they were before the downturn.
European markets are forecast to continue their broad recovery. This is partly driven by a better-than-expected sentiment among investors and lenders, which will keep the momentum going in Europe.
