AEW has published its latest European research report, Why and Where to Invest in European Real Estate, outlining where it sees the most attractive risk-adjusted opportunities across the region as 2026 begins.
The report’s latest relative value analysis shows that nearly 80 percent of European real estate markets are either meeting or exceeding investors’ required rate of return, with offices and shopping centers most represented in the attractive category. This is despite a small negative excess spread of –30 basis points between the expected rate and required rate of return for real estate investments, which AEW attributes largely to a higher liquidity premium.
“Our latest relative value analysis shows that nearly 80 percent of European real estate markets are either meeting or exceeding investors’ required rate of return, with offices and shopping centers most represented in the attractive category,” said Hans Vrensen, head of research and strat
