Well, nothing usually. But this cactus belongs to a renter in Heidelberg, where the population has grown 7.6% since 2011. It’s one of many European cities where the demand for rental properties has skyrocketed as more people migrate for work.
That’s why we’ve invested €4.2bn in residential assets across Europe over the last three years – bringing strong returns for our clients, and giving homes to cacti just like this one.
1 in 5 Euros of real estate transactions in Europe in the last 12 months have been in the residential sector, an increase of 50% in the last 10 years. However the lack of availability of institutional quality product remains the biggest challenge for any pan-European investor.
This can be overcome with a good sourcing network, local presence, and proven knowledge when it comes to understanding where renters and their cacti will be drawn to next.
If you like to know more about how PATRIZIA can help you, contact our local experts: