European real estate companies expect growth, further investment in innovation in 2023

European Real Estate professionals anticipate business growth despite high interest rates and growing inflation in 2023, according to a Real Estate Outlooks 2023, a research study conducted by Drooms.

More than 37 percent of real estate companies in Europe expect revenues to increase this year, based on the study by Drooms, a provider of digital platforms for real estate assets in Europe.  The survey of 229 real estate experts in Europe on their predictions for 2023 was conducted during December.

The survey respondents see rising interest rates (42 percent) as well as payment defaults by buyers and tenants (24 percent) as having the biggest impact on revenues. Inflation (15.7 percent), high construction costs (10 percent) and the shortage of skilled workers (4.4 percent) play only a minor role. Only 1.75 percent of the respondents expect climate protection regulation to have an impact on revenue.

“Indeed, real estate activity dropped off toward the e