SocGen analyst Paul Jackson downgraded the Eurozone real estate sector from Neutral to Underweight after SG’s real estate specialists whittled down their view on real estate stocks. The dilemma of real estate stocks What is more important—attractive valuation, or the risk of underperformance? According to Jackson, the European real estate sector is presently available at a reasonable valuation compared to the European average. Yet it is difficult to ignore the sector’s inverse relationship with bond yields. Rising bond yields make the real estate sector underperform, and this factor could be a serious drag on the sector given that SocGen expects…
Eurozone Real Estate Downgraded by SocGen
HFA Staff
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