02.09.2011 - European property stock values reflect Eurozone break-up fears
Listed real estate companies located in peripheral Eurozone countries, or with sizeable exposure to those markets, are being punished by investors, new research presented at the European Public Real Estate Association's (EPRA) annual conference on Thursday shows. The stock values of these companies reflect fears the currency bloc may disintegrate, the research reveals. The average discount to NAV for companies located in the PIGS (Portugal, Italy, Greece and Spain) was 48% and for those with a sizeable exposure to these markets 22%..............................................Full Article: Source
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