Capital growth in the UK finally drew to a close in October as the continuing crisis in the eurozone, and the very real doubts about its resolution, took their toll on occupier demand and investor sentiment. Total return for October was almost entirely income driven, at 0.6%, according to the IPD UK Monthly Index.
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.
