In the midst of European economic crisis, Moscow has entered the top ten and won the 6-th in the ranking of investment attractiveness. Gauvreau This study, "Emerging Trends in European real estate market in 2009" (Emerging Trends in Real Estate ® Europe 2009). As compared with 2008 levels of riskiness of investment in the Moscow real estate has increased, resulting in Moscow has taken 27 th place on this indicator. The city now takes 4 th place on the outlook for investments in real estate development, dropping him from the 1 st place, which he held in 2008. Across Europe, investors, developers, bankers and brokers agree that the 2009 year will be very difficult. Lack of equity in the property sector as the market of private investment and market debt financing, will continue to be felt, while there is uncertainty as to change this trend. The results show that the crisis in the capital market sector Real estate can become a crisis for the tenants to the extent that, as Europe is sinking deeper into recession. The decline in economic growth in Europe continued in 2008, and this trend will continue in 2009, when the European economy will continue to have difficulty against the current market conditions.
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