PwC & Urban Land Institute
PWC
2023
📰 Context and Overview The report titled "Emerging Trends in Real Estate 2023" is a joint publication by PwC and the Urban Land Institute (ULI), now in its 20th edition. It offers a comprehensive outlook on the real estate landscape across Europe, particularly in the wake of the COVID-19 pandemic and the ongoing war in Ukraine. The report synthesizes insights from 1,038 property professionals, including investors, fund managers, developers, lenders, brokers, and consultants, gathered through surveys and interviews. 🌍 Economic Recovery and Challenges As European economies begin to recover from the pandemic, they face new challenges stemming from the conflict in Ukraine. The war has exacerbated existing issues, particularly inflation driven by escalating energy costs. These economic factors are significantly influencing the real estate market's outlook for 2023, impacting investment strategies and development projects. 📊 Key Insights and Historical Context This year’s report not only forecasts future trends but also reflects on key historical trends and evolutions within the European real estate sector over the past two decades. It highlights significant changes in city and sector rankings, providing valuable context for stakeholders interested in sustainable housing and urban development. 🏗️ Focus on Sustainability The publication emphasizes the increasing importance of sustainability in real estate. With a growing awareness of environmental issues, property developers and investors are urged to focus on sustainable practices that align with broader societal goals. This shift is crucial as cities and communities strive for resilience in the face of economic and environmental challenges. 🔍 Conclusion "Emerging Trends in Real Estate 2023" serves as an essential resource for industry professionals aiming to navigate the complexities of the real estate market in Europe. By combining expert insights with historical analysis, the report equips stakeholders with the knowledge needed to make informed decisions in an evolving 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.