Magali MaRTon, MRICS
Head of CEMEA Research
Paul BouRSICan
Head of International Capital Markets, EMEA
Welcome to our first edition of our “Investor
guide to Europe”. This document is the
result of a partnership between DTZ, global
leader in property services and Herbert
Smith Freehills, the international law firm.
The aim of this guide is to help investors’ make
informed decisions when entering new markets
across Europe.
This guide becomes increasingly relevant when the
share of investment by non-Europeans has reached
a new record level. In fact Europe attracts more cross
border capital than any other region across the globe.
A trend that we expect to continue as the recovery
in Europe’s commercial real estate markets becomes
more broad-based.
Our guide provides high level data on the investment
market and key information on legal context and
taxes for 26 countries across Europe.
The guide includes:
•
a short summary of the market
•
a selection of key market indicators (invested
stock, liquidity ratio, investment volume, prime
yields in the main office, retail and industrial
markets, and investment activity by asset type
and source of capital)
•
a “Legal and tax” section describing for each
country the main aspects of property laws (types
of ownership and rights affecting ownership), the
key stages in the acquisition process, commercial
leases and taxes.
We hope that the guide will prove a useful resource
to those who are seeking a first overview and
understanding of the investment process across
different European jurisdictions. The guide owes
much to the co-operation of the law firms who have
contributed chapters on their respective jurisdictions.
We would like to express our gratitude to them for
their input.
We hope you will find this publication useful and
informative.
Investor Guide to Europe 2014 | 3
Welcome
Pierre-nicolas SanZEY
Partner - Real Estate
