Growing confidence about the economic recovery in European is continuing to draw in foreign property investors into the region, according to the Royal Institution of Chartered Surveyors (RICS) Global Property Survey. But fierce competition for prime assets in the established European centres is increasingly driving cross-boarder investors eastwards - despite the added risks associated with second and third-tier cities. With yields still above borrowing costs in much of the Eurozone, debt/backed funds have remained active although an eastward shift in the market has eaten into available supply.
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