Who said the real estate market was gloomy? Since the start of the year, there have been no less than ten new real estate investment companies (SCPI), “and others should follow”, indicates Pierre Garin, director of the real estate division of Linxea.
These vehicles allowing diversified investment in professional real estate have, however, been mired in the crisis for eighteen months. Some players see this as an opportunity to acquire properties at cut-off prices and take advantage of a wave of interest in young SCPIs. As the latter do not have to support assets acquired in the past, they have not suffered from the rise in interest rates and the resulting fall in property prices.
Thus, of the five products that attracted the most money during the first half of the year, four of them are less than 5 years old: Transitions Europe from Arkea REIM, Iroko Zen from Iroko, Remake Live from Remake AM and Epargne Pierre Europe from Atland Voisin. Their cumulative collection represents a third of the market. It is difficult to predict as much success for newcomers because savers remain wary.
The rate cut has begun.
© / The Express
Furthermore, the most popular goods remain expensive. And all of these newly launched media are adopting similar strategies, making competition fierce. Finally, to invest, management companies will first have to convince distribution networks, who currently prefer to place their trust in products that have proven themselves. Hence a future war over returns, rather profitable, in the short term, for subscribers.