Marcus Phayre-Mudge, manager of TR Property, sat down with Shares Magazine to discuss the outlook for real estate in 2024:
‘Listed real estate has acted as the ghost of Christmas future, pricing in higher interest rates early and ruthlessly – ultimately leading to overselling of the sector as a whole,’ says the manager.
‘Historical data shows that as discounts widen, average future returns for listed real estate tend to rise. An even more crucial consideration for 2024 is that when interest rates peak, property equities recover much more sharply than the wider stock market.
Read the full article in Shares Magazine.