"Vienna waits for you". Austrian real estate stocks lead improving sentiment in Europe

"Vienna waits for you" - as Billy Joel sings - has become a high note in European real estate in the listed sector where several Austrian property firms - CA Immo, conwert, Atrium, among them - have seen their stock surge as confidence returns. Even disaster-struck Immofinanz / Immoeast seem to be surmounting the huge problems left by the crisis and various financial shenanigans, while Germany's Patrizia bounced strongly as well. November PIE comes packed with the usual ingredients on the direct market as well. Heitman's sudden decision last month that it is safe - and potentially profitable - to re-enter darkest central and eastern Europe with E1.3bn of investment firepower, made it to top slot in our first Recovery section. In this context, Changing Face of Europe on Poland's Katowice shows the way the beating heart of the continent is moving toward a more natural trans-continental crossroads in the east. The usual brace of cover interviews and guest columns lay out for you a multitude of creative business ideas, strategies, perceptions, and assessments of the future. Register now for a one-month trial to read this PIE issue, and the next PFE online newsletters.