The upturn in the equities sector in the first half of this year and rising investment volume in Europe have raised hopes that the property sector may have put the worst of the financial crisis behind it. 'We’re still sliding off the slope, but we’re not falling off the cliff anymore,’ says Robert Oosterkamp, portfolio manager of real estate securities at London-based AEW Europe in an interview with PropertyEU Magazine.
The upturn in the equities sector in the first half of this year and rising investment volume in Europe have raised hopes that the property sector may have put the worst of the financial crisis behind it. 'We’re still sliding off the slope, but we’re not falling off the cliff anymore,’ says Robert Oosterkamp, portfolio manager of real estate securities at London-based AEW Europe in an interview with PropertyEU Magazine.
Oosterkamp points out that a lot of pain was priced into stocks earlier this year, adding that peak to trough prices have fallen by 70-80%. 'But now yields for certain types of assets are falling again and I believe that’s valid. There are still some bears on the road ahead and volatility will continue to be high. But long-term the prospects for real estate equities are good.’
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