The ongoing financial turmoil in the eurozone will cast a shadow over Expo Real this year, Joe Valente, head of European real estate research and strategy at J.P. Morgan Asset Management in London, told PropertyEU. ‘The atmosphere is more depressed than last year. Sentiment is driving the market more than data and it’s getting worse when you look at what’s being dumped in the market at prices that are too high,’ Valente said. ‘The bid/ask spread will also increase.’
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