ULI’s European president William Kistler pointed out that the full impact of the financial crisis was just starting to permeate the economy across Europe, as consumer spending, business confidence and property values continue to decline. “Everything is being put on hold until we start seeing signs of a bottoming out,” he said. However, despite the overall gloomy conditions, opportunities remain for those who have cash to invest, he noted. “With interest rates low, and the market generally not overdeveloped, there are bargains available for those who are in a position to buy.”
According to the report, Germany was seen as less volatile with more long-term investors. "The German real estate market is becoming more attractive in the crisis," Helmut Trappmann, head of real estate at PwC, told reporters in Frankfurt. "Acceptable returns make the risks considerably lower here then in the boom regions in earlier years."
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