Wall Street Journal: Neveloff Quoted in Article on European Real Estate Outlook

Real Estate partner Jay A. Neveloff was quoted in a Wall Street Journal article about the outlook for the European real estate market. Commenting on the economic recovery and its effect on real estate investments, Mr. Neveloff was quoted as saying that with the influx of sovereign wealth funds and private equity, particularly into the European market, “There’s more money available now, even for construction.” He also said that currency values affect where those funds are being invested, and that Europe has become an area of interest for investors that are concerned over the possibility of inflation and want their investments to be in hard assets. He said that London has been a stable market with high prices, and Eastern European cities, like Prague, have become an area of increased focus.