The Royal Insitute of Chartered Surveyors (RICS) believes there are tentative reasons to expect the pace of decline in output in the European construction sector may begin to slow. But in the near term the outlook remains bleak with output likely to fall further as the wider economic downturn in the euro area continues to exacerbate the sitiation.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
