Large offerors of indirect real estate investment are jubilant that the AFM intends to supervise a larger part of this market, according to Robert Weisz, Chairman of Stichting Transparantie Vastgoedfondsen (STV).
23 of the largest offerors of real estate limited partnerships and real estate companies are members of STV. 80% of these investment products do not currently fall under the supervision of the AFM, because deposits by investors exceed EUR 50,000. Investments above this amount are exempt from AFM supervision.
Theodor Kockelkoren, a director of the AFM, said in Het Financieele Dagblad that he considered it inevitable that in a European context the supervisory limit will increase for real estate investments. This would mean that more real estate investments will fall under AFM supervision. Kockelkoren also said that the self-regulation in this market has made insufficient progress (Het Financieele Dagblad dated 15 January 2009).