Discover our Pan European market reports

A prolonged reset in the real estate market is continuing to keep the asset class in flux. After the challenges of the pandemic comes the surge in cost of debt that has precipitated a sharp and broad revaluation in the asset class.

Premium and luxury brands were the most active in the occupier market over H1 2023, while innovative mass-market brands continued to open state-of-the-art stores

With many large occupiers having made property decisions in 2022, the challenging economic backdrop is concentrating attention on cost control, reducing letting activity as a result. Occupiers continue to focus on quality over quantity, widening the gap between assets in the most coveted districts and secondary locations.

Activity is slowing down throughout Europe. After 5 years of outstanding investment volumes, the market continues to attract buyers.

While hybrid work models are here to stay, workplace plays a key role in attracting and retaining talent, both in terms of space quality and location. Demand is also high for energy-efficient and sustainable buildings.

The pivot in ECB monetary policy is worsening the housing affordability. prices are now in an adjustment phase.