Europe is clearly back in the game. The financial crisis may not be over but a rapid change in sentiment and a reduction in downside risk is generating a new phase of opportunities in the European property markets.
This shift is yield-driven, rather than rental, and in this part of the cycle repricing happens quickly. It may be led by sentiment or “soft” factors but it is translating into increasing transaction volumes across the markets and a wider range of assets becoming tradable again. For investors, this is resulting in a greater range of feasible investment strategies, and more interesting assets on the market, and it also provides weight to decisions to move up the risk spectrum towards value-add investing.
Source : CBRE Global Investors