Dublin retail and industrial property are Europe’s two most underpriced markets, according to DTZ’s Fair Value Index.
Retail and industrial property are undervalued by 33.1% and 33% respectively, according to the index.
Dublin offices also appeared in the top 10 most underpriced markets.
Riga industrial was ranked the third most attractive market on the basis of underpricing at -24.7%, followed by Milan industrial (-24.3%) and Bucharest retail (-24.2%)
Peripheral European markets such as Spain, Italy and CEE are increasingly attracting investor interest due to attractive pricing and improving economic outlooks, said Magali Marton, DTZ’s head of EMEA research. Despite this, rising bond yields could make property start to look less attractive on a relative value basis, she added.
sophia.furber@estatesgazette.com
