Europe’s residential property market to fare better than fixed income: Patrizia
Seonpyo Hong
Aug 19, 2020 (Gmt+09:00)
Europe’s residential property market will likely continue to fare better than fixed-income assets on the prospect of interest rates remaining low far longer than expected, said a senior official of German real estate investment firm Patrizia AG.
Residential property investment, with a higher yield spread, has become an attractive substitute for negative- to zero-yielding fixed income. Further, Europe's housing market has been outperforming the US market, said Mahdi Mokrane, Patrizia's head of investment strategy and research.