The resignation of Italian prime minister Romano Prodi may not only stall Italy's nascent process of economic overhaul, but may also delay the introduction of real estate investment trusts (REITs) in the country, researchers at merchant bank Kempen & Co warned yesterday. 'The political turmoil could create some uncertainty about the introduction of REITs, and might even cause a delay', Martijn Geers, a property analyst a Kempen & Co, told PropertyEU. 'But , he added, 'in our opinion the legislation will still come through.'
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