Vorsicht! That was the message from King Sturge at Expo last week. The agency’s head of research Angus McIntosh gives his views on-line in a video. “At the back end of 2008, I think everybody really wondered what was going to happen next…My feeling is we’re getting to the end of the bounce back from that bad time in 2008. And if the bounce has come to an end, then where? I don’t think it’s double dip, but I think in some parts of Europe we may not see much capital growth for some time yet.”
London, Paris and possibly Moscow could prove to be exceptions.