"After several years of yield compression in many real estate markets across the globe, it is not surprising that the most frequently asked question by investors, both real estate specialists and generalists alike, is ‘Are we in a bubble?’. Based on our analysis, we believe the ingredient that would turn today’s high commercial real estate prices into a ‘bubble’ is the possibility of a total collapse in values. However, we do not see that element at work anywhere in the private direct markets today. In fact, we see a lot of very interesting places to invest next year, although our viewpoint is that most investors will have to take on more risk to secure a given unit of return.”
Jacques Gordon
Global Strategist
If you would like more information on the 2006 Investment Strategy Annual please download the document at right.
To obtain a full version of the ISA please contact:
Annie Loney
annie.loney@lasalle.com
+44 (0) 20 7852 4388