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Alternative Market Briefing

German real estate offers the best opportunities at the moment, Opalesque Frankfurt Roundtable

Tuesday, July 10, 2012

amb
Sy Schlueter
From Komfie Manalo, Opalesque Asia:

German residential real estate is something which most serious investors should consider at the moment according to Sy Schlueter, fund manager of the Copernicus Fund in the latest Opalesque Frankfurt Roundtable sponsored by Eurex which took place at the Deutsche Borse in Frankfurt in June.

Schlueter said, "I have been for 25 years in equities as analyst, strategist, investment manager, but I must say that German residential real estate is still my best idea. I am not too optimistic on equity markets and not optimistic at all on government bonds, not even the so-called safe haven government bonds. For long-term investors, real estate is an asset class one should consider in general, but we all know that many markets bubbled in the last ten or fifteen years. In fact, there are only few real estate markets that have not seen a bubble and in my view only two markets worldwide can be considered substantially undervalued, and these are the German and the Japanese residential real estate market. Finding such an opportunity at our doorsteps, it was obvious that we entered it."

But he warned the domestic real estate space in Germany might enter into some bubble territory in a few years time as was experienced by other countries. St......................

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