29.03.2012 - European prime property prices are too high, experts warn
Prime property in Europe is no longer driven by fundamentals and looks expensive, warned speakers at the launch of IPD's pan-European Property Fund Index. At the same time, a panel of industry experts described a cautious optimism about the European macro-economic outlook. Ben Penalligon, managing director of Prameriga, warned of ‘nosebleed prices' on prime real estate. On the same panel Matt Ridley, director of research at Fidelity's real estate department, described a market where prime assets are defined less by their location than by their lease length...............................................Full Article: Source
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