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Research: commercial real estate makes significant contribution to European economy

The commercial real estate industry contributes around 2.5% to the total economy of Europe - more than the automotive, telecommunications and banking industries - according to new research commissioned by the European Association for Investors in Non-listed Real Estate Vehicles (INREV) and the European Public Real Estate Association (EPRA).While other studies have shown that real estate in all forms accounts for nearly 20% of total economic activity, the new study reveals that the commercial property sector alone generated €285 billion for the European economy in 2011 and employs over four million people.

The independent report, entitled, Real Estate in the Real Economy, was designed to help national governments across Europe, offi...[…]