Similar but not the same

Apr 2016

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

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