13th November 2006
Financial Times Article
Snares for the naive investor in European property
You do not have to be Stephen Hawking to understand the attractions of European property compared with the UK. Especially for investors who are partial to debt.
There is still a clear arbitrage to be had in the eurozone between low interest rates and higher yields. Not so closer to home.
The macroeconomic stories behind two of the most popular European property plays are also convincing.
In Germany, the domestic economy seems unlikely to get any worse - and could spring to life, with positive ramifications for office and retail markets.
Read the full story at www.ft.com