When it comes to real estate, there is not much good news.
The surge in interest rates is putting pressure on property prices - particularly those of offices - and is weakening all the savings products invested in them.
Real estate investment companies (SCPI), which manage portfolios of buildings on behalf of savers and pay them a return, are no exception.
This investment has long been seen as a martingale, yielding 4 to 5% per year year after year.
He is currently going through a deep crisis.
Some star SCPIs – each worth more than a billion euros – have seen the value of their portfolios melt.
They had to lower their share prices (from 7 to 17%).
Worse, savers who want to get their money back cannot always do so because there are not enough buyers.
Subscriptions fell by 34% in 2023, to 7.7 billion euros, according to the association of real estate investment companies (Aspim).
Read alsoReal estate investments: the best SCPIs beyond 6% performance
Yes, but there you have it, this dark picture…
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