A research produced by DTZ
The DTZ European Fair valueTM remained relatively stable in Q4 at 72, down slightly from 74 in Q3. This is the third quarter in a row that the European index has fallen, with declines having been accompanied by improving confidence in prospects for the eurozone.
At the sector level the Fair Value indices for office, retail and industrial have diverged over the past year, suggesting that investors have needed to be more selective in their allocations to different property types. Currently industrial is the most attractive sector, with an index score of 88 followed by retail at 84, while offices are the last attractive, with an index score of 55.
Source : DTZ (Groupe UGL)