The upturn in Europe, featuring high demand for commercial properties, has probably been the longest-lasting positive cycle in recent decades.
From the Current Issue
The trouble with economic forecasting, in general, and real estate forecasting, in particular, is that it’s pretty good at telling you what’s likely to happen … until it isn’t. And it’s particularly bad at forecasting unanticipated turns in the road, which, of course, is one of the main reasons to attempt to forecast in the first place.
When I was asked to consider my thoughts on themes for the real estate markets in the United Kingdom (and many of these themes affect Europe generally) for 2016 and predictions for 2017, I quickly realised that I was at a significant disadvantage to most commentators for at least two reasons.
Successive years of substantial office development in the capital, Warsaw, and in Poland’s regional cities have seen a significant increase in the overall volume of office space across the country
Successive years of substantial office development in the capital, Warsaw, and in Poland’s regional cities have seen a significant increase in the overall volume of office space across the country.
The start of 2017 saw the launch of four funds.
The main finding of this year’s Investment Intentions survey from INREV, ANREV and PREA is that investors expect to commit at least €52.6 billion of capital to global real estate in 2017.
According to Pangea Property Partners and as shown in the “Transaction activity” table on page 21, 2016 was a record year for commercial and residential real estate investment volume in the Nordic countries.
We live in an increasingly uncertain world, and with signs of more unrest and disruption on the horizon for 2017 the time may have come for real estate investors to reconsider their positions. Whether 2016 was the annus horribilis it was branded by certain sections of the media, it certainly witnessed a number of once-in-a-generation — possibly lifetime — events.
The case for European residential investment is compelling, for a number of reasons.
George Orwell’s novel 1984 introduced us all to Room 101, the torture chamber in the basement of the Ministry of Love where prisoners were subjected to their very worst nightmares. Somehow the stuff of nightmares was subsequently transformed into a BBC TV comedy series in which dinky celebrities are invited to discuss their pet hates with the world at large and persuade the host to consign those hates to oblivion in Room 101.