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In the context of the euro sovereign debt crisis and sharp downgrades in economic forecasts, both prices and investment activity in the commercial real estate sector held up remarkably in 2011. One might normally expect an illiquid asset such as property to perform relatively poorly under such circumstances, yet investors continue to increase allocations to real estate. This report looks at why that might be and what that means for the prospects for property over the next few years. It argues that at the moment the conventional case for property is being augmented by particular features of the current market.
Source : CBRE
