Market 'Favourable' for Potential Investors

Now is an attractive time to be buying into property, it has been claimed. Following research from the Investment Property Database (IPD) showing that real estate funds have recovered in the past year, Aberdeen Asset Management has predicted that the asset class is set to do well in the coming months....

Now is an attractive time to be buying into property, it has been claimed. Following research from the Investment Property Database (IPD) showing that real estate funds have recovered in the past year, Aberdeen Asset Management has predicted that the asset class is set to do well in the coming months.

According to the IPD research, institutional pooled property funds have offered investors a favourable return of 8.3 per cent in the past 12 months to June - a figure up from the -18.6 per cent seen in the previous year.

To this end, Aberdeen Asset Management has drawn attention to the gains that can be made by investing in property around Europe, highlighting the Nordic regions as particularly strong growth areas.

"The prime yield spread over interest rates currently is very favourable [in the Nordic regions]. This is also a similar situation for other markets in Europe, but I think it is an attractive time to be buying into property now," Alessandro Bronda, head of global investment strategy at the company said.

- Monday 04 October 2010

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