Serious investment thinking that doesn’t take itself too seriously.
In the last Property Chronicle, we considered a simple conceptual framework for assessing market mispricing. This involved comparing the market cap rate (K) with a cap rate derived from our analysis of its components. The latter comprise a nominal risk free rate (RFRN), a risk premium (RP), and...
What does Proptech mean? This is a question we are often asked at The Proptech Connection (The PTC). The answer is simple + complex. Put simply, it’s a catch all term that describes technology that impacts space. The complex answer is that its constantly changing- reflective of the changing nature of Real Estate.
I was having a conversation with an entrepreneur recently. She had recently founded a start-up which aimed to integrate a number of “point solutions” so real estate brokers could have several of their needs met on the one platform.
Rents have gone up, and they keep going up. This is a boon for the growing BTR/Multi-Family sector in the UK. However, the question is, how far can this really go? Eventually rents must hit a limit where further increases are just not possible.
Real estate asset values, like other financial assets, are affected by changes in interest rates. Given the pace and magnitude that interest rates have shot up in the past couple of years, it’s unsurprising that listed real estate (often REITs) in most markets has taken a hammering.
If there is an asset class that has a knack for igniting Shakesperean passions, it is definitely commodities. Every time the price cycle breaks above multiyear averages, talk of a supercycle starts raging around the markets with supply doom scenarios adding spice to a hypothetical risk/reward menu.
Aviation is booming. Airlines are buying planes. Passengers want to fly. There are just a few little problems… There aren’t enough planes. That makes Aircraft as a great investment Alternative Asset opportunity.
Supply chains are complicated. And for many companies they account for the greatest proportion of environmental and social impacts. Proactive engagement is critical on issues touching on Environmental, Social, and Governance (ESG) considerations.
While the overall picture is clearly disinflationary, notably in Asia ex-Japan and US, core inflation is stickier in Europe and Japan. It is a concern that energy prices may have bottomed out and annual comparisons could turn unfavourable later in the year. Labour markets remain very tight and there is little sign of wage deceleration.
Supply chains are complicated. And for many companies they account for the greatest proportion of environmental and social impacts. Proactive engagement is critical on issues touching on Environmental, Social, and Governance (ESG) considerations.