The majority of European property investors are planning to modernise their portfolios over the next two years, in an effort to increase the resilience of their property portfolios.

A survey conducted by Union Investment and Ipsos of 137 property companies and institutional property investors in France, Germany and the United Kingdom has found that 61 percent of investors are investing to update their holdings significantly. Some 37.2 percent of this group plan to sell properties that are in unattractive locations or in need of modernisation and 31.3 percent are focusing on smaller property sizes when buying in 2024 and 2025.

In general the survey has found investors in the three countries will focus their strategies over the next two years on performance (79 percent), sustainability (73 percent) and portfolio resilience (68 percent). A large minority (42 percent) expect to be net buyers in 2024 and 28 percent plan to sell more properties than they buy. For 23 percent,