Intensifying competition in Europe’s major real estate markets is leading to renewed interest in periphery markets such as Spain and Ireland, as investors search for returns.
Research conducted by the Urban Land Institute (ULI), a non-profit research institution, and accountants PwC found 71% of property investors felt there was a shortage of assets.
They said this would lead to a moderate to significant impact on their business over the coming year.
The majority (59%) also said assets in Europe’s prime markets were now overpriced.
Source: IPE Real Estate