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14 February 2012
Stockholm
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22 February 2012
London
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03-04 May 2012
Vienna, Austria
Poor performance expected for Greek real estate as austerity program bites
Poor performance is expected in the Greek real estate market for at least the next five years, mainly in retail as the country's austerity programs hit consumer spending, says Axa Real Estate. The first impact on retail sales will come when VAT is raised to 23% from 19% in a few months' time, and the average high street or shopping centre shop will suffer badly, with high rates of expected retailer failure. (See upcoming PIE Editions for full story)