Helsinki Metropolitan Area - Raiffeisen-Leasing
Helsinki Metropolitan Area - Raiffeisen-Leasing
Helsinki Metropolitan Area - Raiffeisen-Leasing
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Yields of low risk real estate investments are still topping non-risky<br />
bond rate return<br />
The yield gap between real estate and bonds:<br />
<strong>Helsinki</strong> CBD prime office yields (%) – Government bond 10 years (%)<br />
Yield > Bond rate<br />
Yield < Bond rate<br />
+<br />
-<br />
4<br />
3<br />
2<br />
1<br />
0<br />
-1<br />
-2<br />
-3<br />
-4<br />
-5<br />
1995<br />
1996<br />
1997<br />
Source: Bank of Finland and Catella Property Oy<br />
1998<br />
1999<br />
2000<br />
2001<br />
2002<br />
36<br />
2003<br />
2004<br />
2005<br />
2006<br />
2007<br />
2008<br />
March 2008<br />
Prime office yield: 4.80%<br />
10 years bond: - 3.94%<br />
0.82%
Change language