Europe's real estate markets have put the worst of the crisis behind them and are clearly on an upward trend, says Daniel Piazolo, managing director of Investment Property Databank in Germany and moderator of a panel at Mipim on institutional behaviour. While this will clearly benefit cash-rich institutional investors, they are not headed for a real estate 'bonanza', he says. 'I don’t think we will see the kind of hype that we saw in 2006 and 2007. Institutional investors will be far more risk-conscious,' he notes.
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