PwC: Investors looking for profitable real estate markets

Investors are increasingly turning to the real estate market in Spain and Ireland - the European countries whose economies have suffered the most damage from the global crisis, according to Propertywire.com with reference to the annual report prepared by the Urban Land Institute (ULI), together with PwC. This is due to the fact that competition in the main markets in Europe is forcing investors to turn to other markets where it is possible to make big profits. According to surveys, 59% of respondents believe that because of the price for luxury housing in the major markets of Europe today increasingly competitive day high. Due to increased competition, more and more investors to take risks to get greater profits. Since Dublin the housing market, where prices during the crisis fell by 57%, again growing steadily. Due to this fact and the steady rise of the economy capital of Ireland has become one of the most popular cities for real estate investment. Not surprisingly, 51% of respondents consider prospective investments in real estate in Ireland. Other markets, attracting the attention of large investors in recent years, Spain became. So a large mall Parque Principado in Oviedo was bought by the British and Canadian investment companies Intu and CPP Investment Board for 162 million. Euro, which shows a mass trend. About 67% of respondents believe that in Spain is now a good opportunity for investment. Another result of increased competition in the European markets was investors' attention to regional markets, where you can get more profit. So the main targets in London, Munich and Paris, many investors prefer more lucrative properties in secondary cities. ULI and PwC experts believe that the trend in 2013 will continue this year. HomesOverseas.ru