2021 was marked by the continuing threat of COVID-19, although the development of vaccines allowed the global economy to gradually reopen. The economic rebound that followed the relaxation of the initial lockdowns led to concerns about the resultant effects on inflation and interest rates, compounded by new variants of the virus that led to fear that further lockdowns would be required. Nevertheless, significant amounts of capital continued to be attracted to the real estate asset class, and investors remain as bullish about the sector as they were before the start of the outbreak. The results of the recent ANREV/INREV/PREA Investment Intentions Survey 2022 reaffirm the limited impact of the coronavirus on sentiment, with a majority of institutional investors globally planning to stick firm to their future investment plans for real estate.

At a global level, 62 percent of the surveyed investors said the COVID-19 pandemic would not impact their investment plans for 20