Posts tagged Europe
“While the Euro will not collapse in the near future, the currency and current state of policy remains unsustainable. Only when the euro meets its demise will the region show resilience,” explained Dr. Linneman at the Global Market Outlook in New York City, “Amid this uncertainty, real estate growth will remain sluggish (at best). Germany has recently seen a large run-up in property values attributable to an influx of both European and Asian investors seeking to park money in Europe.”
On real estate assets in Europe, Dr. Linneman remarks, “Currently, there is a lack of quality (institutional grade) real estate assets in Eastern Europe, presenting an opportunity for an investor or developer to enter the market. Over the next few years, we expect more capital to be invested in this region.”
NAI Global is here in force. Jay Olshonsky, NAI Global President, Mauro-Keller Sarmiento, Executive Managing Director-International Business and Paul Danks, Managing Director-Europe are joined by a team of more than 70 NAI professionals representing over 25 European Countries.
Operating from a Yacht in Historic Cannes Harbor and a Stand in the Exhibition Centre the NAI team will host over 500 clients, occupiers, developers and investors during the 3 day event.
Follow our blog as we ride the waves in Europe!!
In his latest white paper, “Global Economic Round-Up”, NAI Global Chief Economist, Dr. Peter Linneman, evaluates the state of the global economy in Europe, Asia and the United States including the impact of the continuing European debt crisis, the rise of China and India and the current state of the U.S. economic recovery.
“The global economic recovery has been hindered by a massive game of Old Maid. Who will be forced to bear the losses generated during the downturn? Only when the losses are put behind us will the world be able to focus on creating new wealth,” said Dr. Linneman. “There is simply not enough European bank capital to cover the losses associated with Greece and any defaults by Spain, Portugal or Italy.”
In his newest white paper, European Debt Crisis NAI Global Chief Economist, Dr. Peter Linneman, summarizes the origins of the European sovereign debt crises that have dominated the global financial headlines and analyzes the current status of debt in Greece, Portugal, Italy, Ireland and Spain in addition to assessing the impact that default will have on the European economy.
The stunning bride, the beautiful dress etc. But also the effects of the wedding. The millions of people that lined the streets in London from all over the world to catch a glimpse of the future Duchess of Cambridge and of the then newlyweds after the ceremony. Up and down the country there were street parties very reminiscent of days gone by. There was a chance to meet the neighbours which happens so seldomly now and to enjoy the camaraderie. It was a beacon of hope in a sad world where there is so much poverty, war and conflict going on every day. It gave a breather from worrying about your job and about how to pay the bills.