|
By John Danes, Director of Property research, Aberdeen Asset Management
Significant progress has been made in the Euro area over the past year as the Eurozone emerged from recession and recorded improvements in leading indicators, particularly the Purchasing Managers Index surveys. However, the Eurozone is only showing limited signs of recovery and tight credit conditions and political risk could both still hinder growth.
Historically, there has been a very broad range of property sector returns across Europe, driven by substantial social, economic, political, regulatory, legal and financial disparities. Consequently, investing in Europe offers a broad opportunity set, and potential for strong performance if property assets can be selected in the...
|