Baku - APA-Economics. Property investments are attractive for SOFAZ for many reasons, SOFAZ Executive Director Shahmar Movsumov said in his interview to Caspian Energy magazine.
According to him, these investments are interesting from the standpoint of diversification of the investment portfolio as well as partial hedging of investment risks: “Until recently, we have made direct investments into property in cities which have matured markets and stable rental yield. But in the meantime, we have already started expanding indirect investments in Asia and Europe, which implies contributions to the investment funds aimed at raising profitability of our property portfolio. At present, owing to increase of prices and stable rental yield, we gain sufficiently high profits from investments we have made. Thus, total cumulative return of property portfolio reached 24% since we started making investments in 2013”.