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Béatrice Guedj (PhD), Swiss Life Asset Managers France

Past performance is no guarantee of future performance

After going through a series of highly differentiated cycles over the last 20 years, the property asset class has been experiencing a new downturn since last year, triggered by a violent tightening of key interest rates. In this new market environment, its performance will inevitably be influenced by a series of macroeconomic, geopolitical, climatic and societal factors.

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Judging the prospects for property investment over the next 20 years is a perilous exercise, and one that calls for modesty. A few introductory (...)

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