Real Estate for a changing world
After a torrid two years for European commercial real estate (CRE), when annual transaction volumes halved in almost all markets, we are beginning to see the light at the end of the tunnel.
€143bn were invested in commercial real estate over the 12 months to Q2 2024, which represents a 25 % decrease compared to Q2 2023.
Letting markets have generally held up well despite weak economic growth. In H1 2024, the market decreased by 5% versus H1 2023.
The global economy has proved resilient in the face of strong economic headwinds.
We expect global GDP to grow by 2.9% p.a. in 2024 and 2025.
Rising real incomes and lower interest rates will support a recovery in Eurozone economic activity.
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One of the most enduring aftereffects of the pandemic is the increased preference for remote work, leading to a drop in office space per employee.
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