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Language: English Series: EuroProperty ; February 2006, 51(1)Publication details: 2006Subject(s): Summary: Weak economies have resulted in cost-cutting in the European corporate property market, prompting relocations to cheaper office space in 2005. European economic growth fell to 1.6% from 2.3% in 2004. The growth was weakest in Italy and Germany and the strongest in Russia and Spain at 6% and 3.3% respectively. Nevertheless, last year was good for Europe's technical property market which saw a 27% rise in the third quarter.

Weak economies have resulted in cost-cutting in the European corporate property market, prompting relocations to cheaper office space in 2005. European economic growth fell to 1.6% from 2.3% in 2004. The growth was weakest in Italy and Germany and the strongest in Russia and Spain at 6% and 3.3% respectively. Nevertheless, last year was good for Europe's technical property market which saw a 27% rise in the third quarter.