The themes for 2023 in real estate are driven predominantly by the continued fallout of surging inflation and interest rate hikes from central banks, according to Nuveen.
Key highlights include:
Same global problems, different market reactions
The cost of capital will be markedly higher in 2023 than the average of recent years for all regions. The extent of change from previous levels is what will matter most for real estate markets.
The economies in the APAC region are in a better position than the United States and Europe, as milder inflation and more robust GDP growth will support real estate markets.
Nuveen expects the most pronounced market correction to take place in Europe, particularly in the United Kingdom
Is now a good time to invest in Asia Pacific and Europe?
For U.S. in