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28 May 2012

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Europe RE shows encouraging signs in third quarter - BNP Paribas Real Estate

Although still struggling, the real estate market in Europe showed some encouraging signs in third quarter as the pace of deterioration of economies slowed, according to BNP Paribas Real Estate. Cash-rich investors have caused an increase in large transactions. Green shoots observed in second quarter sprouted slowly during the summer but employment will still fall for some quarters to come, BNPP RE forecast. The correction appears to be close to the end but it is too early to forecast a rise in values.

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