The SCPI market gradually leaves its turbulence area. In this new episode of the “big savings meeting” (capital / radio heritage), our experts explain to you why this real estate investment finds colors, and how to benefit intelligently in 2025.
Capital video: SCPI: End of the crisis and good deals in perspective?
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– Is the SCPI crisis in ancient history?
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It was two years ago, almost to the day: on March 1, 2023, the SCPI Laffitte Pierre announced an 8.5% drop in its value. Since then, around thirty civil real estate investment companies (SCPI) have experienced a similar adjustment, causing loss of confidence among savers. “The drop in prices per share has hit the SCPI market hard”, recognize Pierre-Antoine Burgala, associate managing director at Iroko. “”But we observe a renewed interest, with SCPIs that surpass risk -free investments. Indicators show a return of these vehicles to investment portfolios, and the market has been dynamism since the start of the year “observe our guest.
Because despite the crisis, which affected a limited proportion of SCPI, this placement continued to distribute attractive yields on average: 4.5% In 2023, and 4.72% in 2024. In addition, some SCPIs display distribution rates – TD, the equivalent of yield – much higher, more than 10%, for example, for the best of the 2024 cuvée. Beyond performance, this real estate placement has other advantages: “Investing in SCPIs offers the possibility of participating in the real estate market without the constraints of direct management, such as the care of tenants or work”recalls Sarah Le Gouez, secretary general of the savings circle. So, “Although SCPIs are not a guaranteed placement, they represent an interesting way to diversify its heritage”add our guest.
Are all fires green for SCPIs in 2025?
Does this mean that all lights are green to reintegrate SCPIs in your investment portfolio? For our experts, several reasons argue in their favor. First, the gradual drop in guiding rates, already well started by the European Central Bank (ECB): “The disinterest in SCPIs observed in recent years is explained by the increase in rates, which has made placements without risk more attractive. It was therefore logical that savers are turning away from it ”explains Pierre-Antoine Burgala. Also, at a time when regulated booklets and short -term savings products become less remunerative, SCPI should find in interest in the eyes of savers.
In addition, the misfortune of some has made some happy: on a deserted real estate market due to the increase in rates, a handful of management companies was able to acquire goods at braded prices, and therefore at particularly high levels of profitability. “Certain management companies have been able to transform the crisis into an opportunity by buying assets at garnish prices. Today, some players offer a substantial return to compensate for the risk of SCPIs in relation to booklets ”, underlines Pierre-Antoine Burgala. Provided you make the right choices, SCPIs can therefore constitute an alternative to risk -free placements with loss of speed, and with potentially more attractive yields.
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Your questions, our answers
In the section “Your questions, our answers”, Nathalie Couzigou-Suhas, notary in Paris, and Sarah Le Gouez answer your questions: should you open a new life insurance contract after 75 years? What investments favor retired to generate an additional income? Can a donation of money made over 20 years ago be claimed during a succession? Send your questions to: question@capital.fr
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