Kallevig: If rents stay low and long-term yield levels rise considerably, then you could see that people shift money back to bonds, that’s for sure. — Bloomberg
OSLO: The rise in long-term interest rates is welcome news for the real estate arm of Norway’s US$1 trillion wealth fund.
That’s because it could trigger a move by investors into bonds and put more property assets on the market, according to Karsten Kallevig, chief executive officer of Norges Bank Real Estate Management.
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