Similar but not the same
After a couple of years of strong real estate returns in Europe and record low yields in prime property, there is a slight sense of déjà vu. Achievable returns on transactions at current yields are not dissimilar to those underwritten in 2007. And this has raised some concerns — does this mean that we are back in 2007? Is this the beginning of a new crisis?
This article appeared in the April issue of The Institutional Real Estate Letter - Europe: https://lnkd.in/djt8GNd