Bad times for SCPIs.
These real estate funds, long popular with savers for their returns, are today in turmoil.
The surge in interest rates in recent months has caused real estate prices to fall, and in particular those of offices with which SCPIs are saturated.
Which, through a snowball effect, led to a drop in share values (from 7% to 17% for certain funds) and a disaffection among savers.
An unprecedented situation
The evil is deep.
Share subscriptions fell by 34% in one year (7.7 billion euros), according to the latest figures from the Association of Real Estate Investment Companies (Aspim).
Some funds in particularly poor shape have seen their collection reduced to a trickle.
Worse, some SCPIs have seen thousands of subscribers resume their stakes, particularly those who could do so in a few clicks through life insurance.
All for the equivalent of nearly 2 billion euros, according to Aspim.
Insurers who guarantee…
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