Istanbul and various cities in Germany show the most promise for development, according to a survey on
Emerging Trends in Real Estate by the
ULI and
PWC, whose presentation I attended this morning. Financiers present were quite gloomy about 2012, although interestingly its government (EU and UK) regulation designed to curb risky behaviour by banks that seems more of a threat than the economy (providing that the euro doesn't go bust......).
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