Property broker CB Richard Ellis estimates that the ‘wall of equity’ waiting to get back into the European property has mounted to nearly EUR 250 bn. In an interview with PropertyEU at EXPO REAL in Munich, CBRE’s head of EMEA Research Nick Axford said there’s no shortage of money out there ‘The big question right now is when it will start coming back into the market. And anyone says he knows when that will be is either lying or fooling himself.’ The equity currently sitting on the fence will come from four sources, Axford said.
Premium subscriber content – please log in to read more or take a free trial.
