Surveys point to continuing popularity of European property
Two surveys, each dealing with different aspects of real estate investment in Europe, have reinforced the view that, despite a growing feeling that markets are reaching peak levels, there is unlikely to be any change soon in the high volumes of transaction activity witnessed in recent years. The reasons for the activity still stand and investors remain persuaded that European real estate will continue to give them the yields and returns that they are looking for in this low interest-rate, low-return investment environment.
The 2016 Capital Raising Survey from INREV, ANREV and NCREIF found that a record €123.6 billion of new equity was raised for non-listed real estate last year, with the €57.3 billion (46.4 percent) raised by pension funds representing “a resounding vote of confidence” in non-listed real estate, according to the survey authors. Insurance companies contributed 14.6 percent of the new capital, sovereign wealth funds 10.8 percent and high-net-wo