PROPERTY PRICES

“Real estate, particularly England, will have very apparent increase in value, whereas Netherlands, Belgium and Germany will have less of an increase,” said Sherman Tai. “Eastern Europe, countries like Iceland and Norway, will still be weak in economy and real estate. On the other hand, Southern European countries like Italy, Greece, Turkey, and other countries will have declines, which will be initial, then subsequently they will become stronger later on.”

While there is no hope of eliminating the Euro, Sherman Tai said it will be weaker this year, compared to the USD, about 1 Euro to 1.3 – 1.41 USD, with rather large changes.

But he added: “The Great Britain Pound will still be a strong currency, of 1 GBP to 1.55 – 1.65 USD. On average, the unemployment rate in Europe is still high. Some countries will be in double digit. The British Stock Exchange and Frankfurt Stock Exchange will have the largest fluctuations, but on average may have a 6-8% increase.”