The ‘Real Estate Investor Intentions’ survey was launched in March this year, at the property industry’s annual trade show held in Cannes. The study, which polled over 360 investors, including some of the world’s largest fund managers, found that confidence had returned to Germany after fears of a Euro zone break-up eased substantially following strong action from the European Central Bank last year.
Central and Eastern European real estate markets were chosen by 14% of the respondents, down from 19% in last year’s survey. The majority of investors considered Poland to be the most attractive market in Eastern Europe for property asset acquisitions, with limited interest in markets elsewhere in the region.
London was voted as the most attractive city for investment, overshadowing the likes of Berlin and Munich, gaining over 31% of the votes. Dublin and Madrid also gained places among the top ten, indicating that the Spanish and Irish cities are experiencing positive signs of recovery following market crashes.
The CBRE survey also found that offices were the most popular type of property, with 29% of the votes, with logistics following in second being favoured by 20% of respondents.