Emerging Trends Europe participants expect that 2009 will be a difficult year for their industry. The global financial crisis has buffeted Europe’s economies, darkening the prospects for real estate. Transactional markets will recover slowly, inhibited by caution and a lack of debt on the part of equity investors. A significant amount of distressed property is expected to come onto the market.
European governments are taking action to reboot their economies’ growth, but most western European countries will experience a recession during 2009, while in eastern Europe gross domestic product is forecast to grow at slower rates.
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