Spain and Ireland starting to emerge from downturn say experts
Tuesday, March 13, 2012 @ 11:17 AM
The Irish and Spanish property markets are emerging from the doldrums according to delegates at this year’s MIPIM real estate conference in Cannes.
Experts said that both markets were now proving “interesting” for investors. Pierre Vacquier, chief executive of Axa Real Estate, said “Both Spain and Ireland are interesting investors but Ireland is more attractive as the necessary price drops have taken place.”
Joe Valente, head of research and strategy for the European real estate group at JP Morgan agreed, adding: “We’re looking at doing deals in Ireland and an awful lot of funds are doing the same.”
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