Not exact matches
Despite the fall, SQM Research's Louis Christopher warned the
fundamental driver of housing, population growth, was still very
strong.
Specifically, the All Asset strategies» recent
strong performance (see Figure 1) may be attributable in large part to four
fundamental drivers of global capital market returns: the breakeven inflation rate (BEI), EM currency valuations, EM - to - U.S. cyclically adjusted price / earnings (CAPE) ratios and the global value premium.
However, despite some of the challenges around the execution, we continue to feel good about the deals and their
fundamentals; our basis is below replacement cost and comparable sales, the submarket has
strong local demand
drivers, we have some positive leasing momentum, we have a great team in - place, there is plenty of capital reserves, and we maintain low leverage and a great relationship with our lender etc..
The
fundamental drivers of global transactions are pointing to a continued
strong upturn in M&A and IPOs over the next three years, reveals a unique new forecast by global law firm, Baker & McKenzie.
But having
strong demand
drivers, the market has worked through new supply nicely, keeping overall
fundamentals in solid shape.