PropertyEU
Expert views
One of the popular features of PropertyEU are the contributions provided by experts in their field in the European property industry. Please contact us if you would like to share your opinion on topical subjects with fellow real estate professionals.
Widening the real estate capital base
Widening the real estate capital base
Éamonn  D'Arcy - One very important lesson to emerge from the recent financial crises has been the need to reduce the over-reliance of the European property sector on bank lending as a primary mechanism for capital-raising. This situation has created significant problems...
The allocation-investment gap
The allocation-investment gap
Lonneke Löwik - In recent months, INREV has produced a series of studies detailing the investor universe in the UK, Germany and the Netherlands. These studies estimate the size and composition of the three investment markets.
‘New’ core versus ‘old’ core
Peter de Haas - The speed of demographic, economic, and technological change in the last decade, combined with a new awareness of the way we value our environment, will impact our society and, as a result, our future real estate working environment.
Cities must reinvent themselves
Cities must reinvent themselves
Paul Wessels - Cities and the metropolitan regions they represent are increasingly becoming drivers of (international) economic success. Sustainable (re)development is vital to this process, but the economic crisis has not made financing these goals any easier. All over Europe, cities are looking at ways to bridge the growing investment gap – a task whereby city leaders are being called upon to reinvent themselves.
Minimising taxes on UK investments
Minimising taxes on UK investments
The UK real estate market, in particular Central London, has attracted a lot of attention and headlines of late, especially after capital values grew by 21% in the second half of 2009. We now find ourselves in a unique situation. For Central London several forecasters are anticipating a strong upturn in rents in the order of 30% to 40% by 2013. Against this backdrop, overseas investors remain very keen on London commercial real estate and at the same time want to minimise taxes on both income and acquisition. Whilst this can sometimes be achieved by direct investment, tax efficiency is more likely to be achieved through an indirect vehicle, of which there are several in the UK.
Sustainability - putting the EU in the picture
Sustainability - putting the EU in the picture
ICSC’s European Public Affairs Committee has been lobbying for the retail real estate industry within the European Parliament in Brussels for two years, explaining how sustainable the shopping centre concept really is. In that time we’ve come a long way. At first Brussels simply did not understand our industry.
Reassessing Sovereign Risk
Reassessing Sovereign Risk
A salient theme that has emerged from the global financial crisis, and the one that has dominated the headlines ever since Dubai and Greece have stoked fears of a default on their debts, is sovereign risk...
The Copenhagen Summit: impacts & implications for the European real estate sector
The Copenhagen Summit: impacts & implications for the European real estate sector
Now that the flurry of media coverage around the climate change talks held in Copenhagen in December 2009 has died down, it is time to reflect on the outcomes and consider what they mean for EU property investors...
The multiple case for sustainability
The multiple case for sustainability
It’s great to feel a sense of inspiration. The last time I felt that way was last December while listening to a speech by Jeremy Rifkin at the Rotterdam Global Urban Summit...
Yields are falling, but so are the risks
Yields are falling, but so are the risks
Henk Hirs - Until mid-September, prospects for the Hungarian commercial property market were still relatively upbeat. 'In contrast to Germany or the UK...
Good advice comes at a price
Good advice comes at a price
There isn't any point pretending any more, economically things are likely to be about as bad as they can get. 'Meltdown headlines now have real substance'...
Fit for the 21st century
Fit for the 21st century
Jaap Gillis - Working for a pan-European company, I am used to travelling a lot across Europe. In fact, I frequently travel by plane. Some of you might criticise me for this, and, indeed, it does not seem to exemplify good corporate social responsibility.
Turkish Delight
Turkish Delight
Musfik Cantekinler - Turkey's economy and financial markets have continued to develop and stabilise in the last five years. Inflation rates of around 80% during the early 2000s have dropped to single-digit figures in the last two years and political uncertainty has subsided following the double elections in 2007.
Labour relations: a two-way street
Labour relations: a two-way street
René Buck - Qualitative factors are as crucial to running new operations. As the need for qualified, motivated personnel is imperative for many manufacturing, distribution or office projects, many decision-makers want to know what kind of labour climate they can expect in the various countries under consideration.
Polonia, la alternativa
Polonia, la alternativa
Ekke Overbeek - Poland has recently seen an invasion of Spanish real estate companies. Indeed, it would have been more appropriate to call the second edition of the Central Europe Meeting Point held recently in Warsaw the Spanish-Polish Meeting Point.
The European lesson of Roanne
The European lesson of Roanne
Jan Hebly - A recent verdict by the European Court of Justice on the tender process of an urban development in the French town of Roanne near Lyon could have far-reaching implications for other EU member states.
Shopping Centres that don't sell goods?
Shopping Centres that don't sell goods?
Nicky Godding - Speakers suggested a scenario of future shopping centres hosting well-known retailers offering nothing more than a great experience and...
Sustainability in all shapes and forms
Sustainability in all shapes and forms
Andrea Carpenter - Sustainability issues are climbing up the agenda in countries across Europe. In the process, the cultural differences between the various member states are becoming apparent. 
REIT's make property organizations more attractive
REIT's make property organizations more attractive
Howard Morgan - “What makes your properties attractive is not just building quality and location, but also having a reputation for great service. Great locations plus great service leads to great performance.”
It's time for long-term-oriented and risk-averse investors to move in
It's time for long-term-oriented and risk-averse investors to move in
Karl Petrikovics - “In many CEE markets the pioneering phase is over. It’s now the time for long-term-oriented and risk-averse investors to move in.”
UK is not in overpriced territory
UK is not in overpriced territory
Paul Kennedy - “Provided investors remain sensible and don’t bid yields down to unsustainable levels, then we’re not in overpriced territory.”
Hotels are a suitable alternative to other real estate
Hotels are a suitable alternative to other real estate
Gerard Greene - “The whole passion of the hotel industry used to be about putting a personal touch into properties. What consumers really want when they go to a hotel is to feel special and experience something personal.”
The Two Pillars of European RE
The Two Pillars of European RE
Steve Hays - Why are the UK and the Netherlands also the two gravitational poles of the European real estate investment market?
Brits seek refuge elsewhere
Paul McManus - Over the last couple of years Britain's private investors have become fed up with their domestic market. Property gurus...
Figures which don't add up
Figures which don't add up
Wabe van Enk - Investing in property is becoming less and less a question of mathematics. There was a trend in the 1990s to view investment as a cold calculation of yield and risk.
Injecting new life into German cities
Injecting new life into German cities
David Gordon Smith - The German foundation 'Lebendige Stadt' ('Vibrant City') is working to make German cities more liveable -- and to change the way Germans think about urban space. 'We want to ...
The urban entrepreneur
The urban entrepreneur
Douglas Clark - Urban development has been with us for a long time. Max Weber outlined the features of the European city in The City published in 1921; the Urban Land Institute has been talking and thinking urban since 1936.
The Sesena Syndrome
It promises to be a hot autumn in Spain. On 10 September the European Commission officially confirmed what many Spaniards had been fearing for months: that the country will slide into recession during the second half of this year. And construction will be one of the sectors hit hardest by the slump.