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世邦魏理仕:欧洲房地产复苏有望在2025年加速

CBRE Group: The recovery of Real Estate in Europe is expected to accelerate in 2025.

Zhitong Finance ·  Jan 3 15:00

CBRE Group expects investment activity to grow by 15% next year, with growth in the office, Residence, and Logistics markets.

The Zhitong Finance APP has noted that analysts predict that with increased investment activity and growth in key submarkets, the European Real Estate Industry is expected to further recover in 2025.

The volume of Trade in 2024 is expected to gradually rise, and the pace seems to be accelerating over the next 12 months, with further interest rate cuts likely to alleviate pressure on the Industry and restore the sluggish growth seen in recent years.

According to the real estate firm CBRE Group, real estate investment activity in the United Kingdom and other major European markets is expected to grow by 15% next year, and the company has dubbed 2025 as a 'critical' year for the Industry.

Jennet Siebrits, head of research at CBRE Group in the United Kingdom, stated: 'All real estate capital values show early signs of having reached a turning point, and momentum is expected to build over the next year.' 'Our forecast shows that the ROI across all real estate sectors is competitive, with prime Assets expected to perform the strongest.'

Office

The European office Industry is expected to further recover next year as occupancy rates rise and re-occupied commissions increase.

CBRE Group stated that this will bring rental levels closer to historical averages, while rental levels have been quite low in recent years.

However, the recovery in the industry will be polarizing, with rental prices and valuations diverging between the 'best and the rest,' as Ming Guang Investment stated in its outlook for December.

It added that the supply of grade A office buildings will continue to be limited, with strong demand, while interest in secondary assets will remain very low.

Residence

Analysts unanimously believe that as borrowing costs decline further, activity in the residential market will also increase next year.

According to Rightmove, by the end of 2025, average asking prices are expected to rise by 4%, a significant increase in recent years, but in line with long-term averages. Meanwhile, rents will remain high due to ongoing supply constraints.

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In the high-end Real Estate market, prices will also continue to rise, thus maintaining Europe's status as a Global wealth center.

In its 2025 Outlook for Luxury Residences, Knight Frank notes that price increases in Stockholm, Marbella, and Madrid are expected to exceed 5%. Meanwhile, London and Paris will continue to lead the Luxury Goods market, despite political turmoil and crackdowns on super-rich individuals.

Operational Real Estate

Elsewhere, demand for Operational Real Estate will remain strong, particularly in opportunities for Logistics centers, student Lodging, and hotels.

However, Analysts warn that understanding structural trends such as digitalization and demographic changes will be key in distinguishing winners from losers.

Key Trends for 2025

Investors will also closely monitor several key trends that may impact the Real Estate market next year.

Upcoming Sustainable Development Goals in the United Kingdom and Europe will require strong coordination among tenants, landlords, investors, and lenders, while new building goals may create more opportunities in key markets.

AI will become increasingly important in the Industry, as a PwC survey for 2024 shows that 85% of respondents anticipate AI will have some or significant impact on all areas of Real Estate in the next five years.

The report states that this may include current use cases, such as maximizing hotel occupancy rates and predicting why tenants choose one Property/A-REIT over another, or future applications, such as property management and market analysis.

The translation is provided by third-party software.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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