A research produced by DTZ
The DTZ European Fair Value Index™ rose marginally in Q2 to 76 from the Q1 published figure of 74, meaning that European property has become slightly more attractive to investors (a score of 100 indicates that all markets are underpriced for investors and zero that all markets are overpriced.
Investors in Europe are becoming less risk-averse and more willing to move up the risk curve. Required returns are falling while the DTZ risk multiplier, a gauge of property market risk, is now close to its record low before the crisis.
Source : DTZ (Groupe UGL)