In an interview with Dagens industri, Roger Akelius talks about his long-term strategy, values, possible purchases and that now is a good time to buy into real estate.
That the market is under pressure and that there are grim times for many real estate companies is something that real estate magnate and billionaire Roger Akelius denies. But according to him, now is a good time to invest.
– The market is hugely cluttered because people cannot afford to pay higher rents. But now is an excellent buying position to go into real estate, he says From.
According to him, today’s properties are valued too high by approximately 10-15 percent of their market price. But despite that, he believes that it is not possible to time the perfect price and that investments should be made over a ten-year period.
– Then the purchase price has less significance in terms of the period’s total growth. You can safely buy shares now, he says.
When asked if there is anything that he himself, with an investment fund of 40 billion, is interested in buying, he answers:
– I would buy all of Heimstaden’s German stock and maybe something more in Europe tomorrow. All their stuff is good and in good condition. But they do not want to sell, not at market price.
