The French Investment Market - November 2019
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Q3 investment continued at the staggering pace sustained by the corporate real estate investment market in France. Given that Q4 tends to be the strongest quarter, 2019 should be the most impressive year yet. Total investment volume could reach €33-34 billion…
Some economists predict "longer lower": if low rates persist for an extended period, this trend should continue. It wouldn't be surprising if yield rates continue to fall in coming months; the real estate spread compared with ten-year bonds (OAT) is abnormally high.
Yet real estate investors remain attentive to market values, which are becoming vertiginous in some markets.
What are the consequences of the persistent imbalance between the abundant equity available for all risk / asset categories, and the scarcity of available assets (which is relative if considering only volumes)? Only macro-economics and geopolitical events could disrupt the current phenomenon, but these are difficult to anticipate!
Q3 investment continued at the staggering pace sustained by the corporate real estate investment market in France.