13.09.2012 - Real estate contributes 2.5pct to European economy: report
The commercial real estate industry contributes 2.5% to the total economy of Europe, more than the automotive, telecommunications and banking industries, according to new research commissioned by the European Association for Investors in Non-listed Real Estate Vehicles (INREV) and the European Public Real Estate Association (EPRA). While other studies have shown that real estate in all forms accounts for nearly 20% of total economic activity, the new study reveals that the commercial property sector alone generated EUR 285 bn for the European economy in 2011 and employs over four million people...............................................Full Article: Source
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