2013 – Some say it will be good for buyers, some say it will hard to find office tenants. Some say there will be more retail failures, some say central London residential will continue to flourish. Many say they wish the banks would lend more but we all know they won’t.

A few say that 2013 will be a crisis year for loan maturities (but they said that 2010 and 2011 and 2012 too…)

Some say it will be good for prime investment property, some say that prime investment investors will put more money into London and Paris. Some say there will be great opportunities in secondary property but others say, why bother.

Many say that debt is the most promising product in the market (but we know most of them don’t want to invest in debt themselves).

A few say that it will be the year European REITs take off – but they’ve been saying that since 2005.

We do know that by the end of 2013 we will be 5 years into the cyclical 7 years of famine. Our hope grows.