Investor appetite returns to the property market across Europe
7 March 2013 2:21am
THE EUROPEAN property sector is seeing a rebound in investor sentiment, with both the levels of activity and risk on the rise, property advisory firm CBRE reported yesterday.
In a survey released ahead of next week’s MIPIM property conference in France, CBRE said 58 per cent of 362 investors questioned said they expected to buy more this year than last. This compares with 45 per cent giving the same answer last year.
Within this, a third of investors expect to be spending over 20 per cent more on investment deals in 2013 than they did in 2012.
The number of investors planning to spend less this year than in 2012 halved to six per cent.
In another sign of returning confidence, CBRE said 71 per cent expected to be net investors with purchases exceeding sales, up 10 per cent on last year.
Prime properties remain the most attractive asset class with 53 per cent of respondents indicating their preference for this sector.
However the survey showed more investors were willing to look at riskier assets and projects as the prime market becomes crowded, with 40 per cent indicating “good secondary” and “opportunistic” assets as the most attractive.
In other news
A group of Tesco shareholders seeking compensation from the supermarket say they have a “strong case” against [Read more]
Yahoo will face a US class action lawsuit alleging wiretapping violations of emails sent to its users from non-Yahoo [Read more]
Barclays, the international London-based bank led by Antony Jenkins, has decided to put its broking mandate up [Read more]
The EU referendum is on; taxes will be locked in at current levels and strike laws are being reformed. The Queen's [Read more]
The Queen's Speech - the first full-Tory state opening of Parliament since 1996 - has come and gone. But what [Read more]
Former Thomas Cook boss Harriet Green has said she'll donate a third of her forthcoming share award to a charity [Read more]
Update: Firefighters have put out a blaze at a Berkeley Homes building site on Arsenal Way, Woolwich this afternoon. [Read more]
Greece's creditors have poured cold water on the cash-strapped country's claim that the parties were nearing a [Read more]
The EU and Switzerland have signed a deal to stop EU residents holding undeclared income in Swiss bank accounts. [Read more]
A random combination of words and characters are automatically shutting down iPhone users' devices. [Read more]
London will play host to a record number of cyclists in August as the Prudential Ride London Freecycle event expands [Read more]
Commuters using London's Fenchurch Street could face a travel headache going home tonight, with operators confirming [Read more]
Eight candidates are vying for the role of deputy Labour leader in a crowded race alongside the high-profile leadership [Read more]
Between 1997 and 2013, people living in just four regions in the UK saw their disposable income increase when [Read more]
Prime Minister David Cameron has had work done. Five years in Coalition has taken its toll on the youthful fresh-face [Read more]
Swiss police are questioning 10 Fifa officials over the controversial award of the 2018 and 2022 World Cups to [Read more]
Dutch banking giant ING last night cut its stake in NN, an insurance and investment management company.
Update: Nearly 150 flights have been cancelled and 32 diverted to other European cities after a power outage shut [Read more]
A fresh investigation into migrant worker conditions in Qatar landed BBC reporters in prison recently. It is another [Read more]