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Optimism has returned to Europe’s real estate market. According to the 10th edition of the PwC/Urban Land Institute report, industry leaders are more positive than at any other time since 2008.
Almost 80 per cent of the interviewees say that the Eurozone crisis has created opportunities for them. About forty-one per cent think that business confidence will improve and 44 per cent are confident profitability will go up. Whereas in 2012, the slogan of the survey was “Prepare for the Big Freeze”, the story is much more positive now. It is no wonder that the 2013 edition is called “The Second Act: Optimism Returns”. Amaury Evrard, Partner and Real Estate and Infrastructure Leader at PwC, speaks about this encouraging trend. “In 2012 a lot of people thought the...
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