This article just popped up on my twitter screen and is worth a look.
In my previous life I was actually very friendly with Doctor Nick Axford who is quoted throughout (he's head of research at CB Richard Ellis and it's a little known fact that he can drive a golf ball further than Tiger Woods).
His colleague sums up the findings with:
"Liquidity risk is also a primary concern and it is therefore not surprising, given the size of the markets and relatively positive recovery prospects, that France or Germany appear most attractive to over a third of respondents".
http://www.cognacproperty.com/
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