Catella forecasts rising purchase prices despite rebound in interest rates
Catella Research anticipates a continuing increase in purchase prices paid by institutional investors for first-class, large-volume real estate in good positions and with solid occupancy rates. Investors are currently focusing to an increasing extent on the issue of interest rate developments as a lead indicator for initial yields on office property. This is because according to conventional principle, they should lead to falling prices and valuations. This gives special significance to interest rate analysis.In the first half of 2015, most central banks continued their expansionary
