Steve Buller, portfolio manager at Fidelity Investments, joined REIT.com for a video interview at REITWeek 2017: NAREIT’s Investor Forum at the New York Hilton Midtown.
Buller noted that Germany is currently home to some of the most stable global investments. In particular, the German residential sector is experiencing a “significant” supply-demand imbalance. Although the market is regulated by the German authorities, rental rate growth is starting to emerge, he noted.
Following many decades of dormant performance, the German office market is also starting to see rental growth in the major cities of Berlin, Frankfurt and Hamburg, Buller observed.
Turning to the United States, Buller noted that while growth is still evident in many property sectors, the pace is decelerating.