• Union Bancaire Privée flagged a new European real estate cycle since 2022, marked by sharply higher yields and falling transaction volumes.
• It expects elevated long-term bond yields to keep weighing on property valuations over the medium term, citing debt, deficits, inflation, geopolitics.
• Traditional core real estate faces limited near-term upside, with a sustained recovery via yield compression seen as unlikely.
• UBP highlighted “operational real estate” as a preferred approach, tying income to business performance rather than fixed rents.
• It pointed to luxury hospitality, high-end US multifamily, and distressed repositioning opportunities, while warning of higher operating risk.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Union Bancaire Privee UBP SA published the original content used to generate this news brief on October 01, 2026, and is solely responsible for the information contained therein.