What are the most dynamic asset classes15

Created in 1985 by Rupert Nabarro and Ian Cullen to the United Kingdom, RPI is an independent company specializing in the analysis of the real estate market it takes the form of measures of performance and studies and research. It is now present in 21 countries on five continents where it employs more than 180 people. The French subsidiary, IPD France, has created data bases on real estate investment and real estate operations in France since 1993. The society, with a team of 20 people, oversees the development of the group in Spain, the Portugal and Belgium.

What is IPD France What needs responds this company

Today, a reliable information is essential for the management of real estate assets, both for real estate investment to operate. Proposed by IPD France analysis of the performance services allowing investors, users and their partners and providers to measure their results, compare them to an independent reference and analyze the reasons for their differences. Moreover, through annual indices that it publishes, IPD France puts at the disposal of the market information comparable to that of the regulated markets (shares, bonds, ) and helps to improve both its transparency as its attractiveness.

We respect quality standards high confidentiality and impartiality. The IPD France database for investors includes more than 6.600 active real estate in full France, for a total value of EUR 75 billion, which represents 54 of the heritage held by French and foreign institutional investors. The database for large offices users total 3 million square metres.

France real estate investment market is very efficient. What are the most dynamic asset classes

15.2 Of overall performance in 2005, investment in France market has demonstrated exceptional performance. This result, which is a record since 1990, is very much linked to the assessment of the market values, consequence of the general decline in the rate of capitalization, but also the increase in the rental market for trade and housing values. Businesses arrive very clearly in the lead, with an overall performance of 26.2, followed by the logistics and the premises of activities (15.7) and housing (14.7). With 12.6, against 8.1 last year, the performance of the offices is notable, but the latter are still penalized by market declines observed in 2005. Note that the regional cities differ, as in 2004, with performances in offices and residential higher than those of Ile-de-France: their overall yields are 16.8 and 16.4 respectively. In the list of European countries, the France is located in the 5th position with a performance equal to that of the Norway, preceded by the Spain, the Denmark, the United Kingdom and the Ireland.

How to present 2006

Cash at the global level are always very abundant, especially in anticipation of future demographic changes. A growing part, although minority, seeks to invest in real assets, because of their ability to generate recurring revenues, as shown in the stability of the average rental income calculated by IPD. As a result, activity on the market of French investment is flag not in 2006, the France being one of the destinations preferred by the International Fund with the United Kingdom.

But there is a lack of "secure" products available, where a strong competition which results in both a decrease rates of return on the "prime" buildings and a tightening of rates for products of lesser quality and-or in "secondary" locations This situation led a growing number of investors to turn to assets in development, préloués or "white." They anticipate such a rise in the rental of Office 2007 values, as confirmed by a survey we conducted early in the year with one hundred investors on behalf of the regional agency of development of Ile-de-France.