Property in Central Europe is forecast to outperform Western Europe over the next five years but, on a risk adjusted basis, Germany offers better prospects, according to research carried out by SWIP.
The research found that while most Western European markets will suffer from outward yield movement, Germany remains at the forefront with the best sector outlook over the next five years being in high street retail and retail warehousing. Looking across all sectors and countries in continental Europe, total returns are expected to slow for the remainder of the year before picking up in 2010. Overall, the most vulnerable markets are those more heavily exposed to consumer debt and to the financial services sector. SWIP believes that the credit crunch is expected to continue to affect in...
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