Phoenix Spree Deutschland (PSD) is a pure play on Berlin residential property, where excess demand drives free market rent growth. H120 financial performance was robust despite the COVID-19 pandemic and the first effects of Berlin rent controls. Recent full implementation of the legislation will significantly reduce FY21 rental income and peg rents for five years, but it remains PSD’s firm view that the legislation will ultimately be ruled unconstitutional and overturned. Our central scenario (s ....
04 Dec 2020
Phoenix Spree Deutschland - Rent cap decision will determine strategy
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Phoenix Spree Deutschland - Rent cap decision will determine strategy
Phoenix Spree Deutschland Fund (PSDL:LON) | 143 -0.7 (-0.4%) | Mkt Cap: 131.3m
- Published:
04 Dec 2020 -
Author:
Martyn King -
Pages:
23
Phoenix Spree Deutschland (PSD) is a pure play on Berlin residential property, where excess demand drives free market rent growth. H120 financial performance was robust despite the COVID-19 pandemic and the first effects of Berlin rent controls. Recent full implementation of the legislation will significantly reduce FY21 rental income and peg rents for five years, but it remains PSD’s firm view that the legislation will ultimately be ruled unconstitutional and overturned. Our central scenario (s ....