(Bloomberg) -- Rising interest rates and declining
profits from real estate are pushing investors to ditch European
property stocks after a four-year rally.
The Bloomberg Europe Real Estate Index just completed its
worst quarter in a decade and the stocks are still expensive
compared with European averages. Robert Parkes, who advises
pension fund managers as a strategist at HSBC Holdings Plc, said
the stocks have further to decline.
Read more at Bloomberg Stocks News
profits from real estate are pushing investors to ditch European
property stocks after a four-year rally.
The Bloomberg Europe Real Estate Index just completed its
worst quarter in a decade and the stocks are still expensive
compared with European averages. Robert Parkes, who advises
pension fund managers as a strategist at HSBC Holdings Plc, said
the stocks have further to decline.
Read more at Bloomberg Stocks News
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