Only 2.5% of Europe's real estate is held
in REITs, according to a study by the European Public Real Estate Association. If more investment and property were to be included in REITs, revenues and investor profits would grow. "Closing that gap would generate important tax revenues for governments, improve inflows of capital into European member states, provide liquidity in an illiquid market and improve the built environment," EPRA Finance Director Gareth Lewis says.

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