February 20, 2026
Vastgoed. Foto door Brian Babb via Unsplash
Listed real estate has become one of the most conspicuous laggards in global markets. After four consecutive calendar years of underperformance against the MSCI World, valuations now sit below their historical median relative to broader equities, according to Cohen & Steers. For long-term allocators, the question now is whether this reset offers a cyclical entry point or a structural repricing.
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