Why now is the right time to invest in European property

The European real estate investable universe is large, totalling some €2.5trn.

Risk-adjusted returns relative to other asset classes are favourable and, in today's low yielding environment, its high-income component is attractive. That said, with yields at record lows in many European cities and the prospects of an economic downturn looming, some investors question whether now is the right time to enter the late-cycle market.  Yield compression is no longer a strategy to rely on, even in a lower-for-longer world. However, careful selection of locations and assets benefitting from thematic changes, such as industrial or social clustering or transformation of l...