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European Offices Property Clock Q3 2017

​In Europe, politics rather than economics continue to dominate. The recent German elections delivered a fourth term for Angela Merkel, albeit with a reduced majority. Elsewhere, ongoing uncertainty surrounds Britain’s withdrawal from the EU, while the political standoff in Spain is cause for concern. Nevertheless, the European recovery remains on track for a post-GFC high in 2017. Indeed, accommodative policy, solid domestic demand and reviving job creation are driving occupier activity in Europe.

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