EMEA Living Investor Survey 2024

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CUSHMAN & WAKEFIELD

EMEA LIVING INVESTOR SURVEY

SUMMARY

Although the near-term economic picture is expected to remain muted, investors expect to see interest rates across Europe to come down this year and support a recovery in capital values beginning in the second half of 2024. AS WE LEAVE BEHIND A DIFFICULT 2023 FOR THE LIVING SECTOR, IT IS HEARTENING TO SEE OUR INAUGURAL 2024 EMEA LIVING INVESTOR SURVEY REFLECT SOME GREEN SHOOTS OF OPTIMISM.

From a structural perspective it is clear that investors recognise the strong growth potential for the sector. While the private rental and student accommodation segments remain the most active segments currently, investor interest continues to broaden into segments like social/ affordable housing and senior and co-living which we expect to grow and mature over the medium term. Investor allocations too are set to rise and we believe that annual inflows into the living sector across EMEA could grow to £70-85 Billion per annum over the next five years, reinforcing the sector’s place in the real estate universe. We are confident that this recovery in investment volumes will commence in 2024, helped by improved pricing alignment between buyers and sellers and a more favourable interest rate outlook across Europe.