C&W Says Europe's East/West Divide Irrelevant

LONDON-The real estate investment profile of Europe is changing and the traditional East/West classification has become less relevant, partly due to the Greek debt crisis, says Cushman & Wakefield. In a new European Economic Pulse report, it also says pricing in Grade-A assets is attractive, while secondary stock may get cheaper.

While in the short term, economies such as France, Germany and Switzerland stand out for offering potential out-performance at below-average risk, over a two-three year period, the Czech Republic, Poland and Slovakia should be included – alongside Nordics such as Sweden and Norway, the company said in its report.