VNNVF - Grand City Properties: The Last Value Play In Europe's Strongest Real Estate Market
The German (rental) housing market is in my view the best and strongest market for long-term investors. German residential rents are affordable, homes are cheap compared to the rest of Europe, and the rental market is very much regulated in most cities, pushing down the supply of an increasingly scarce product. There are several listed German residential REITS most of whom have performed great over the past three years and the market has recognized and priced that performance well. The stock price of Grand City Properties (OTC:GRNNF), though, has been lagging its peers