Urban Land Institute & PWC
2023
PwC and the Urban Land Institute
The "Emerging Trends in Real Estate 2023" report, published by PwC and the Urban Land Institute, marks its 20th edition, providing insights into real estate investment and development trends across Europe. This year's report highlights the recovery of European economies from the pandemic, which has been interrupted by the war in Ukraine and rising energy costs, leading to inflation and a shifting real estate outlook. The report synthesizes the perspectives of 1,038 professionals from various sectors, including investors, developers, and property companies, gathered through surveys and interviews. Additionally, it includes an analysis of historical trends over the past two decades, focusing on changes in city and sector rankings. The findings aim to inform stakeholders about current challenges and opportunities in the European real estate market as it navigates a complex economic landscape.
This report is a joint survey by PwC and the Urban Land Institute. Now in its 20th edition, the survey provides an outlook on real estate throughout Europe for the near-term and 2023. As European economies have started to recover from the pandemic, they have now been disrupted by the ramifications of the war in Ukraine. Beyond the immediate human impact, inflation, driven by rising energy costs, is altering the outlook for real estate in the coming year.
Now in its 20th edition, Emerging Trends in Real Estate® Europe is a highly regarded and widely read trends and forecast publication in the real estate industry. The report, which is undertaken jointly by PwC and the Urban Land Institute (ULI), provides an outlook on real estate investment and development trends, real estate finance and capital markets, cities, property sectors and other real estate issues throughout Europe. To mark its 20th year in circulation, this year’s issue includes an analysis of key historical trends and evolutions within the European real estate sector over the past two decades – such as changes in city and sector rankings. Emerging Trends in Real Estate Europe 2023 reflects the views of 1,038 property professionals who completed surveys, were interviewed or took part in a series of roundtable meetings across Europe as a part of the research for this report. The views expressed are from these surveys, interviews and roundtable meetings and do not express the opinions of either PwC or ULI. The interviewees and survey participants represent a wide range of industry experts, including investors, fund managers, developers, property companies, lenders, brokers and consultants.