Sovereign debt issues are likely to continue to overshadow the fragile and uncertain outlook for the European economy, according to Knight Frank. This in turn is having a significant impact on the property sector, notably in respect of occupier and investor confidence.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
