Investment Capital Fanning Out Across Europe's Secondary Markets
Wall Street Journal reports: After the world’s most-visible, primary markets topped the lists ranking capital-destinations for commercial real estate investors over the downturn, competition and desire for higher yields are beginning to drive activity outwards to secondary markets. In a recent Wall Street Journal article, this emerging trend was documented in the European arena, where investors have begun to branch out from reliable top-tier markets such as London, Paris, and Berlin to less-obvious locations.
The article in the Journal relied on data aggregated by Real Capital Analytics and presented in its latest European Capital Trends report. “Still, there is a clear trend toward investment in secondary markets. In its annual ranking of the top 25 European property markets…It’s no surprise that London and Paris top the list. But then it gets interesting: Stockholm jumped to third place last year from No. 8 in 2009, overtaking Moscow, which slipped to fourth place. Glasgow rose to the No. 10 spot from 19, while investment in commercial property in Manchester increased 136% to €1.3 billion euros, boosting the city’s position in the rankings to 12th from 21st.”
For more on this emerging trend that is unfolding with investor preferences in both Europe and the rest of the globe, please see the full article on the Wall Street Journal’s site.
View the full article on Wall Street Journal: Investment Capital Fanning Out Across Europe's Secondary Markets (Login Required)
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Posted by: Nina Turner