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European quarterly market perspective January 2009 [electronic resource]

By: Language: English Series: PREI European Quarterly Market PerspectivePublication details: Parsipanny, NJ Pramerica Real Estate Investors 2009Subject(s): LOC classification:
  • 333.33 $2 18
Online resources: Summary: Reveals that investment activity fell sharply in the fourth quarter 2008, resulting in unprecedented drops in property values, and that lack of available debt may produce difficulties for property owners. Reports that rental growth is slowing and forecasts this will continue throughout 2009. Concludes that rising vacancy rates means a shift in the balance of power between landlords to tenants.

Reveals that investment activity fell sharply in the fourth quarter 2008, resulting in unprecedented drops in property values, and that lack of available debt may produce difficulties for property owners. Reports that rental growth is slowing and forecasts this will continue throughout 2009. Concludes that rising vacancy rates means a shift in the balance of power between landlords to tenants.