19 / 12 / 21 - 1 minute read
Looking forward, overall returns might be a little lower compared to past years, but residential investments will continue to deliver cash-flow stability and diversification benefits if underwritten properly. Wolfgang Egger
Marcus Cieleback has been with the Research department of PATRIZIA since 2008, currently as its Chief Urban Economist. His focus includes the development of PATRIZIA’S house view and its implementation within investment strategies. Within these analyses special focus is given to the institutional framework of markets, especially in the residential sector, as it provides the “rules of the game” and crucially influences city level developments and hence the return perspectives.