Catella says European real estate returns increasingly hinge on city selection, not just sector bets

Catella published its Autumn 2026 “House View” analysis, arguing European real estate returns are increasingly driven by city selection. Study covers 75 metropolitan areas in 20 countries, spanning about 350 million people, using 16 indicators across economics and real estate. Framework groups cities into six clusters to align portfolio role with risk-return, reflecting diverging local cycles across Europe. Flagship cities such as London, Paris, Stockholm seen as more defensive, liquid Core markets; “rising stars” such as Warsaw carry higher risk. Report builds on Spring 2026 views favoring affordable housing and operational living, adding location as a key allocation variable. 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. Catella AB published the original content used to generate this news brief on September 24, 2026, and is solely responsible for the information contained therein. (C)