Direct investment in the European real estate sector will rise 20% in 2010

Property consultant Jones lang lasalle hopes that 2010 is a year complicated for investors, as according to a new report entitled 'Capital markets Outlook 2010 - uneven Terrain' (' prospects for the 2010 European capital markets: an irregular ground ')investors will have problems when it comes to ensure products, identify value and establish price levels. Many investors and banks will continue to work on clean up their balance sheets and the refinancing remains one of the main concerns.

Chris Staveley, director of Jones Lang LaSalle European capital markets, says: "the volume of investment in Europe will remain low in 2010 compared with the trends in the long term, but we are still waiting for an increase of up to 20% over 2009 that we return to 2002 levels", 85,000 million euros. Despite the fact that there has been little activity in the markets of rent and that the trend will be the same this year, we see a growing base of funds to invest selectively in the real estate sector. This capital will be mainly focusing on assets with quality tenants located in areas 'prime', and because of a lack of adequate opportunities it is possible that this exercise a downward pressure on returns 'prime', as it did in the United Kingdom in the second half of 2009 ".

Staveley adds: "the market sentiment is clearly more optimistic at the beginning of 2010 despite the serious problems facing the sector." "This improvement has occurred thanks to greater clarity and security for the future and an apparent recovery in the world economy, but also to a vast improvement on early 2009, which for many is relief pace than hope".