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European quarterly July 2008 [electronic resource]

By: Language: English Series: European Quarterly ; July 2008Publication details: United States Pramerica 2008Edition: Subject(s): LOC classification:
  • 333.33 $2 22
Online resources: Summary: Argues that Europe has entered a downturn in the business cycle leading growth to slow from recent levels. Reports that overall property sale transactions have slowed down due to the gap in the bid-ask spread. Finds that funding is less available because many banks have reduced lending as a result of the credit crunch. However, there are sharp variations in the performance of real estate in different countries, and growth remains strong in some emerging markets in Central and Eastern Europe, such as Turkey and Russia.

Argues that Europe has entered a downturn in the business cycle leading growth to slow from recent levels. Reports that overall property sale transactions have slowed down due to the gap in the bid-ask spread. Finds that funding is less available because many banks have reduced lending as a result of the credit crunch. However, there are sharp variations in the performance of real estate in different countries, and growth remains strong in some emerging markets in Central and Eastern Europe, such as Turkey and Russia.

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