Middle East funds breathe new life into European property market | The National

Middle East funds breathe new life into European property market | The National:



"Middle East funds are helping to drive European commercial property yields lower as they join a rush of international investors snapping up real estate on the continent.



The spending spree, which is approaching pre-financial crisis levels, dominated the annual gathering of European property professionals at the MIPIM conference in Cannes last week.



The volume of commercial property deals across Europe last year was the highest recorded since 2007, according to the property agent CBRE.



Last year about €165.6 billion (Dh838.99bn) of deals were transacted across the continent – a 30 per cent rise on 2012."



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