UK - Interest in continental European real estate investment has increased by 30% over the last year, a survey by ING Real Estate Investment Management has shown.
Launching the Eurosiris fund to meet demand, ING said 65% of UK investors had been looking to continental Europe for real estate investment opportunities. This figure was said to be 30% higher than last year.
Nick Cooper, global CEO, ING Real Estate Select said: "UK demand to add continental European investment to their portfolio reflects our desire to add further high performance, "alpha" returns over the next three years."
The ING survey also showed 64% of investors were optimistic about the market outlook over the next 12 months, while 27% were uncertain and 9% pessimistic.
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A nationwide survey of committee and local pension board members of the Local Government Pension Scheme has revealed high levels of confidence in all areas of their responsibility.
UK inflation unexpectedly rose to 2.7% in August, beating analysts' expectations of a drop to 2.4% from 2.5% the previous month.