Cash buffers reduce risks from German open-ended real estate funds

7th April 2026

In light of the wind up of UBS Euroinvest we are re-sending this publication on the risks to property markets from open-ended funds.

Despite recent redemption suspensions, net outflows from open-ended real estate funds in Germany have been small as a share of net asset value while cash buffers are higher than some other large markets, reducing the risk that further net outflows trigger a downturn in property values.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.

Business Email

Country

Free. 10 articles. No card required.

By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.