R.E. Investors Target Value Buys in the Spain and Ireland Markets

[Corey Dutton]

With heavy competition in top tier markets for both commercial and residential properties, investors are targeting badly hit real estate markets such as Spain and Ireland in search of value. This according to a forecast from the ULI and PwC. The report details that Dublin has risen in their “City Investment Rankings” from 20th place in last year’s report, to 2nd place in the 2014 report. The report also identified Spain as another hot market in Europe. However, the forecast points out that the lack of availability of commercial financing and slow rental demand in Spain is making the wheels turn a lot slower there, than in Ireland.

“ The resurgence of investment in Ireland and how far the Spanish real estate market recovers, will be two of the key stories in 2014. Investor appetite in Dublin has been growing over the past 12 months with significant volumes of international capital chasing the best assets,” said Joe Montgomery, chief executive of ULI Europe.

Posted by Corey Curwick Dutton

(Source: Propertywire.com:http://www.propertywire.com/news/global-news/global-real-estate-investors-201401238707.html)