PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
French buy-to-let housing risks over-build despite new fund launches
A number of French mutual real estate funds are being launched to target investment in new housing, taking advantage of government measures to re-boot residential construction. But a report from mortgage bank Credit Foncier says end-user demand is patchy and new building is being boosted by fiscal advantages for build-to-let so that rents are declining fast. New funds launced to invest in new housing include an SCPI fund Domivalor 4, launched by the Immovalor fund manager of the AGF/Allianz insurance group, and Ciloger Habitat launched by Ciloger, jointly held and distributed by savings banks and the French post office bank.