Some stone-paper heavyweights have seen this windfall dry up. summart / stock.adobe.com
DECRYPTION – Subscriptions, records in 2022 with nearly 10 billion euros, have been falling for months.
The cold snap affecting real estate is spreading to the sphere of savings. Real estate investment companies (SCPI), which manage savers’ money by buying buildings (offices, shops, etc.) and pay them a return – 4.5% in 2022 – have been less popular for some time. month. The rise in rates is doing a lot of damage to this investment of a good family man, which has established itself over the years as a product for retirement, as it is capable of generating regular returns over time. Subscriptions, records in 2022 with nearly 10 billion euros, have been falling for months. Net collection of SCPIs was 1.7 billion euros in the second quarter of 2023, according to the association of civil real estate investment companies (Aspim). That is a decline of 28% compared to the first quarter of 2023 and of 35% compared to the first quarter of 2022. “There are fewer subscriptions”, confirms a manager. Individuals who have long been fond of these profitable savings products…
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