Market
Memos from Howard Marks: The Indispensability of RiskAfter a tough start to the year, the European real estate market could deliver a host of attractive opportunities over the next several years.
At the start of the year, many investors were avoiding European real estate. However, as the macroeconomic picture has improved and concerns about the banking system have subsided, real estate fundamentals now appear to be strong, providing some attractive investment opportunities.