France and Italy are set to ease rules for real estate investment trusts (REITs) from next year as the listed tax transparent structures are coming under increasing pressure amid the global financial crisis. Real estate investment trusts are struggling to keep afloat as they suffer from a combination of lack of financing, a deteriorating economy and a steep fall in the value of their real estate. Many property stocks have seen their share prices decimated in the past year.
Premium subscriber content – please log in to read more or take a free trial.
