2023
PwC and the Urban Land Institute
The "Emerging Trends in Real Estate 2023" report, a collaborative effort by PwC and the Urban Land Institute, marks its 20th edition. This highly regarded publication offers insights into the real estate landscape across Europe, considering the evolving economic conditions as the region emerges from the pandemic while facing new challenges stemming from the war in Ukraine. The report highlights the impact of inflation driven by rising energy costs, which is reshaping the outlook for real estate investments and developments in the near future. Within the report, a comprehensive analysis is presented, drawing on the perspectives of 1,038 property professionals who participated in surveys, interviews, and roundtable discussions. These voices represent a diverse group of industry stakeholders, including investors, fund managers, developers, lenders, and consultants. Their collective insights provide a nuanced understanding of current trends and challenges in the real estate sector. As the report celebrates its 20th anniversary, it also reflects on historical trends and changes in city and sector rankings over the past two decades. This retrospective analysis not only highlights how the real estate sector has evolved but also serves as a valuable resource for professionals seeking to navigate the complexities of the current market. The findings emphasize the importance of adapting to ongoing economic shifts while maintaining a forward-looking approach to investment and development in the real estate industry.
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.