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Survey: 70% Willing to Buy Property Again

LONDON-Ernst & Young conference attendees agreed that property purchases in Europe, the Middle East, India and Africa are tempting, but that lenders must warm to deals.

By Robert Carr | Updated on March 04, 2010

LONDON- According to a recently survey collected at an Ernst & Young conference, more than 70% of real estate owners and investors said they want to buy sites in 2010. That’s according to a poll of more than 250 representatives from private equity, hospitality and leisure, real estate and banking who were gathered at the recent Europe, Middle East, India and Africa (EMEIA) Real Estate Workshop.

Those who answered in the affirmative said they are ready, willing and able to buy property in 2010. Howard Roth, global head of real estate for Ernst & Young, said that real estate professionals are still being cautious in the wake of deep recession. “However, those investors currently sitting on cash smell the scent of a buying opportunity, and many of them are ready to invest. Whether that time is near or not, remains to be seen,” Roth says.

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