Regulation, Austerity Europe, the sovereign debt crisis, and a lending market that seems weaker than ever are the challenges facing Europe’s real estate industry in 2011. Last year, a series of curveballs were thrown at the industry. First came Greece and its debt woes; then Basel III came for the banks; then Ireland proved that the sovereign debt crisis was far from over; and all the while, the efforts of Europe’s politicians to steam clean the financial system with regulation made the industry wonder what else was around the corner. What Emerging Trends Europe interviewees do know for sure is that while the recovery may be underway, it has just become significantly more complicated.
Source : Urban Land Institute