Industrials to top property

property

industrials set to lead european property sector with spain and ireland scoring as best areas

The industrial sector is set to be the strongest European property performer, research by PricewaterhouseCoopers (PWC) predicts, with the best numbers likely to be seen in Ireland and Spain. The group is concerned that a rising euro over the US dollar has damaged a nascent economic upturn in Europe and, as such, has cut its economic forecasts for most EU countries compared to its forecasts six months ago. Andrew Burrell, author of the group's European overview report, said a stronger exchange rate implies tighter monetary conditions at a time when the European Central Bank is already und...