Europe: Commercial Real Estate Sizzles - by Carol Matlack
While residential housing markets across Europe are starting to cool, commercial real estate is sizzling. IPD, a London-based research group, says the value of investment property in Western Europe—retail and office space, as well as big residential developments—rose 7.8% in 2006. Growth last year topped 20% in Ireland, and was over 10% in Britain, France, Spain, and Scandinavia. By contrast, the average increase across Europe was 5.9% in 2005, 3.6% in 2004, and less than 1% during the three preceding years.
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