The survey, Emerging Trends in Real Estate Europe 2009, was based on nearly 500 surveys and interviews from the industry’s leading authorities, and found investment opportunities could grow in London due to falling prices. The survey also placed Munich as the lead real estate investment market in Europe.
However, development prospects remained poor, where London ranked 23rd out of 27 markets in the study, and capital for real estate continued to be in short supply in both equity and debt markets. The majority of buy, hold and sell recommendations in London were focused on holding properties, with buyers showing more interest in office space and hotels in 2009.
