The eurozone malaise, which shows signs of improvement following the recent high-profile meeting of European leaders, has had an interesting impact on commercial property markets across the continent, an expert has claimed.
Jonathan Hull, managing director of EMEA at CB Richard Ellis, a real estate services company, has observed that there is increasing demand for properties in the eurozone, which will interest British professionals moving overseas and looking to buy a home.
Mr Hull believes that there is a definite divide between southern and northern countries in Europe, with demand for properties in the latter much higher.
This is particularly the case in places like Germany, Poland, the Czech Republic and Scandinavia, which investors have a keen eye on.
“The main difference is between core and secondary real estate, and I think that core real estate that is well-let still has strong demand in most markets,” the expert expanded.
“But the difference or gap between core and secondary continues to grow in most markets. That is as much led by investor perceptions as it is by the lack of debt available for secondary real estate because most investors who are buying into those markets would be looking for financing.”
Cadogan Tate is an international removals company that delivers preeminent services to British expats who are moving abroad with work.