EMEA Living Investor Survey 2024

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CUSHMAN & WAKEFIELD

EMEA LIVING INVESTOR SURVEY

OVER HALF OF RESPONDENTS ALREADY ALLOCATED OVER 20% OF THEIR PORTFOLIO TO LIVING ASSETS*

INVESTMENT VOLUMES ACROSS EUROPE ALSO ECHO THIS TREND, WITH 22% OF ALL REAL ESTATE INVESTMENT VOLUMES IN EUROPE NOW COMING FROM THE LIVING SECTOR, UP FROM 6% IN 2007.

6% 0-5% PORTFOLIO

2021 marked the peak of the market for living investment volumes, accounting for 32% of all deals in Europe.

12% 5%-10% PORTFOLIO

3% NONE

53% MORE THAN 20%

INVESTMENT VOLUMES BY SECTOR (BN)

14% 10%-15% PORTFOLIO

35%

€ 400

LIVING OFFICE RETAIL INDUSTRIAL

€ 350

30%

12% 15%-20% PORTFOLIO

€ 300

HOTEL OTHER LIVING

25%

Source: Cushman & Wakefield, February 2024 *Responses to the question 'How much of your Real Estate Portfolio (Assets Under Management) is currently allocated to Living assets?'

€ 250

20%

€ 200

15%

€ 150

10%

€ 100

OUR EMEA LIVING SURVEY RESULTS CONFIRMS THESE TRENDS, WITH JUST OVER HALF (53%) OF INVESTORS HAVING MORE THAN 20% OF THEIR EMEA REAL ESTATE PORTFOLIO ALLOCATED TO LIVING.

There are of course smaller players who are yet to build up scale in the living market, and there are also new entrants. In fact, 3% of survey respondents currently have none of their portfolio allocated to living assets, however, these investors plan to invest in the living sector in the next five years.

€ 50

5%

€ 0

0%.

2007

2009

2011

2013

2015

2017

2019

2021

2023

Source: RCA, February 2024