EMEA Living Investor Survey 2024

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EMEA LIVING INVESTOR SURVEY

THE LIVING SEGMENT HAS QUICKLY GROWN TO MAKE UP AROUND 20% OF THE EUROPEAN REAL ESTATE UNIVERSE 03

WHETHER THROUGH RISING TRANSACTION VOLUMES OR A GROWING ALLOCATION IN REAL ESTATE INDEXES, IT IS CLEAR THAT THE LIVING SEGMENT IS TAKING A GREATER SHARE OF CAPITAL ALLOCATED TO REAL ESTATE.

When we look at the MSCI universe, a proxy for institutionally held stock, we can see that the proportion of real estate in Europe allocated to living has been increasing since 2014. Living represented a fairly consistent 14% of institutionally held stock in the years up to 2014, and has been slowly increasing, to a peak of 21%.

MSCI UNIVERSE EUROPE

100%

HOTELS

OTHERS

90%

INDUSTRIAL

80%

RETAIL

70%

60%

OFFICE

50%

40%

30%

LIVING

20%

10%

0%

20 01

02 03 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22

Source: MSCI, February 2024