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European Quarterly Country Review - Q4 2012

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AXA Real Estate's European Quarterly Country Review - Q4 2012

GDP remained almost flat in Q3 with only 0.2% growth.

Take-up in the Paris region office market year-to-date is 19% below the same period in 2011.

Q3 has seen the first outward shift in French office yields since 2009.

Vacancy rates increased in secondary retail locations, and rental values have started to fall.

Source : AXA Real Estate

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