Urban Land Institute & PWC
2023
PwC and the Urban Land Institute
The "Emerging Trends in Real Estate 2023" report, produced in collaboration between PwC and the Urban Land Institute, offers a comprehensive outlook on the European real estate landscape. Now in its 20th edition, this publication draws insights from over 1,000 industry professionals, encompassing a wide range of perspectives from investors to developers. As the region grapples with the ongoing impacts of the pandemic and the war in Ukraine, the findings reveal crucial trends and forecasts for the near future. The report highlights the shifting dynamics within the real estate market, particularly as European economies begin to recover. However, inflation driven by rising energy costs poses challenges that could reshape investment strategies. The survey underscores the importance of understanding how geopolitical events influence market stability and investor confidence, indicating that stakeholders must adapt to these evolving conditions. In addition to analyzing current trends, the report reflects on historical developments over the past two decades, tracking changes in city and sector rankings that have significant implications for future investments. As the real estate sector continues to evolve, this publication serves as a vital resource for professionals seeking to navigate the complexities of the market while capitalizing on emerging opportunities. The insights provided aim to foster informed decision-making in an increasingly uncertain environment.
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.