Investor sentiment concerning the real estate market in Europe
is slipping, the latest index has suggested. However, the news comes despite the upward trend that some economies in the region have been experiencing of late.
The December King Sturge Real Estate Economy Index fell by a total of 1.6 per cent over the course of the month - down to 134.8 index points.
This is the second consecutive month that the property consultant has recorded a fall in the index score and reflects a more pronounced 2.1 per cent drop in the area's investment climate.
"At the moment, certain signs suggest that the sentiment is levelling out, which is an unavoidable and at times even sensible thing to do. After all, the Real Estate Climate climbed from one peak to the next between July and October 2010. An unchecked continuation of this surge would be less than sound," explained Sascha Hettrich, managing partner of King Sturge in Germany.
Meanwhile, the one segment that received an improved month-on-month score from the consultant was the office market, now standing at 124.2 index points (up from 123.6 last month).
- Thursday 06 January 2011