Investors’ risk aversion has emerged as a clear theme in the European Association for Investors in Non-listed Real Estate Vehicles’ (INREV) latest investment intentions survey.

The survey gauges the sentiments of industry players in the European non-listed property funds market and identifies investment trends for the coming year. Announcing the results today, INREV said investors were increasingly opting for core products and the “perceived safety” of Northern European markets.

Of the 121 fund managers, investors, and fund of funds managers surveyed, 69 per cent selected ‘core’ as their preferred fund style for this year.

‘German retail’ remained the most favoured choice, but the proportion of investors selecting this option increased to 64 per cent from 36 per cent last year.

‘Nordic retail’ surged in popularity, selected by nearly 50 per cent of investors compared to around 25 per cent last year. In addition, ‘Nordic offices’ is investors’ third most preferred sector/location and the most favoured office market for investors.

Conversely, more than half of respondents said they expected to decrease their allocations to Portugal in the year ahead. Forty two per cent of respondents expected to reduce their allocations to Spain and Italy.

A snapshot of the report’s main findings is available here

Share Story: