After a year where many companies gasped for breath and had to make sales to manage loan and interest costs, Akelius is in a good position, according to the company's founder Roger Akelius. In an interview with Dagens industri, he says that companies enter 2024 with around SEK 40 billion (EUR 3.42 billion) to spend when prices drop. Something that, according to Akelius, will happen from this summer, after a weak first half of the year.
"The prices of real estate and thus of real estate company shares will fall another 5-10 percent in the next six months. It will be cheaper to buy this summer," says Roger Akelius to DI.
Roger Akelius believes in the interview that many companies still have inflated property values of more than 10–15 percent compared to the real values. Something that he believes will break in 2024, similar to what happened during the last two crises.
"In 2024, some companies will be forced to sell off parts of their real estate holdings, which will reduce the valuation in not only their accounting, but in the entire real estate sector. Short: Then it will be a good time to buy. Until then, I will sit still in the boat," says Akelius to DI.