Real Estate Market Conditions: Overall health and performance of the real estate sector influence JURO11.SA's property values and rental income.

Interest Rates: Changes in interest rates impact borrowing costs, affecting property valuations and investment returns.

Inflation: Inflation rates impact construction costs, operational expenses, and rental yields, influencing profitability.

Economic Growth: Economic growth affects demand for real estate, impacting occupancy rates and rental income.

Fund Management Expertise: The fund manager's ability to select properties, manage operations, and optimize returns directly impacts fund performance.

Regulatory Changes: Changes in real estate regulations, tax laws, or environmental policies can impact property values and fund operations.

Occupancy Rates: Higher occupancy rates translate to increased rental income, boosting fund performance.

Rental Yields: Rental yields from properties within the fund portfolio directly affect the fund's returns and price.

Fund Expenses: Management fees and operational expenses impact the net returns distributed to investors, impacting demand and price.

Market Sentiment: Investor sentiment and demand for REITs (Real Estate Investment Trusts) can influence the trading price of JURO11.SA.