With rent restrictions (the ‘Mietendeckel’) repealed, the Berlin residential property market has remained robust, with free market rents and condominium prices increasing further amid a continuing housing shortage. FY21 performance for Phoenix Spree Deutschland (PSD) mirrors these trends and its extensive refurbishment programme targets further release of the strong rent reversion potential of its portfolio.
11 Feb 2022
Phoenix Spree Deutschland - Delivering on reversion strategy
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Phoenix Spree Deutschland - Delivering on reversion strategy
Phoenix Spree Deutschland Fund (PSDL:LON) | 142 -2.1 (-1.1%) | Mkt Cap: 129.9m
- Published:
11 Feb 2022 -
Author:
Martyn King -
Pages:
6
With rent restrictions (the ‘Mietendeckel’) repealed, the Berlin residential property market has remained robust, with free market rents and condominium prices increasing further amid a continuing housing shortage. FY21 performance for Phoenix Spree Deutschland (PSD) mirrors these trends and its extensive refurbishment programme targets further release of the strong rent reversion potential of its portfolio.