Europe Experts Uncertain About Market Strife

AMSTERDAM-European property professionals at the recent European conference of Investment Property Databank were divided about the direction of the market, with many unsettled by the Euro crisis and opinion divided over whether Greek sovereign debt problems would spark into other nations and genuinely undermine the currency.

Chairing the conference for a fifth year, Piet Eichholtz, professor of Real Estate Finance at Maastricht University, set the context for the two-day event: “It did appear that the tough times where behind us but then Greece happened, so the question is now whether there is real recovery or whether what appears as a recovery in some markets is in fact a mirage.”