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American property buyers step up European bargain hunt

Posted on 01 March 2012

U.S. and Canadian property investors will do more deals in Europe this year than their Far Eastern and Middle Eastern counterparts, capitalising on North America’s relative economic strength, property consultancy CBRE said.
North American investors accounted for 30 percent of the total number of cross-border deals in Europe last year, up from 21 percent in 2010. It was the largest slice ahead of 13 percent of deals from ‘other European countries’ and the trend will continue this year, said Jonathan Hull, EMEA head of capital markets at CBRE………………………………………..Full Article: Source


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