tailieunhanh - Ernst & Young European real estate assets investment indicator 2012: As one door shuts, another opens

Possibilities can be explained from several semantic aspects. One way to explain possibility is ease of achievement. Another way is plausibility; that is, the propensity of an event to occur, which relates to the concept of “potential surprise”. A third way to explain possibility is logical consistency with available information. Finally, possibility can be explained as preference, referring to the willingness of an agent to make a decision. Possibility is dually related to necessity in the sense that “not A” being not possible means that A is necessary. A semantic analysis of necessity can be done through reference to. | Ernst Young European real estate assets investment indicator 2012 As one door shuts another opens As one door shuts another opens The future has never been certain but today it is less than clear even for an asset class as safe as houses . While real estate asset transaction volumes might not increase across Europe in 2012 there are positive signs in a number of markets. The greater question is however around the financing of real estate investments. As the door to bank finance could partially shut another might open from certain alternative sources. About this report Ernst Young s European real estate assets investment indicator is based on a forward looking survey of executives from organizations across Europe who invest capital in real estate assets. Opinions were canvased in December 2011 by Ernst Young and the Economist Intelligence Unit EIU . This report summarizes investors outlook on transactions and opinions on market attractiveness together with insight into the drivers of these views and expectations around financing of real estate transactions. Further details of individual markets transaction pricing and asset classes may be obtained through the contacts listed on page 8. This report is based on a survey of 534 real estate investors including selected Ernst Young clients and regular EIU contributors. Participants were based in 12 countries Austria Belgium France Germany Luxembourg Netherlands Poland Russia Spain Sweden Switzerland and the UK. Investors in real estate assets have different objectives and priorities. Attitudes vary with respect to risk to capital growth versus income and to asset class and quality. But there appears to be consensus on the development of the macroeconomic environment amongst the more than 500 European investors in real estate assets we surveyed in late 2011. A clear majority of respondents are fearful of ongoing instability in the Eurozone. The present uncertainty is seen as likely to cause delays in real estate .