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31 May 2012
Frankfurt am Main, Germany
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20 June 2012
London
French commercial RE index slightly higher in October
The EDHEC IEIF Commercial Property France price index ticked slightly higher in October, up just 0.80% on the month, and dividends delivered by property funds held stable compared to recent months, the research joint venture said. This stability suggsests either that office rental income has not yet declined or that French funds - which are not excesslively leveraged in their portfolios - were in a fairly sound financial situation prior to the onset of the global crisis, which allowed them to retain adequate liquidity for meet future contingencies. France is the third largest real estate market in Europe after UK and Germany. (See upcoming PFE/PIE issues for full story)