Continental Europe is expected to perform strongly in 2007, according to the most recent 'Global Vision' report issued by ING Real Estate. Significant improvements in Continental Europe's real estate investment climate are forecast as a result of a recovering economy and healthy real estate market fundamentals.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
