Global Market Review – 2024 predictions

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“Once people get comfortable that rates have topped out… that’s when they will start to say they have the confidence to put money into the real estate market“
“Ultimately what’s driving long term value is the strength of the underlying tenant base and their ability to pay the rent, and the income stream“
“One of the biggest opportunities is where mispricing exists, where people are underwriting rental growth in sectors that won’t see rental growth“
“Retail was the top performer in most portfolios last year. It’s not an easy asset class, but if you do it right it can be a very attractive investment“
“Rents have grown, and are forecast to continue to grow [in the UK residential market]”
“We’ve seen some sharp corrections in some markets, and less so in some other markets, in terms of valuations“
US value correction is a little behind Europe
“The middle of next year we’ll start to see interest rate cuts, and that will spark some action“
“We do have a real estate cycle, and we will continue to have real estate cycles. Starting to invest next year as we’re near the bottom of that growth phase is the right idea“
“It seems to be a good vintage for value add in the US, and debt is interesting too.”
“There is a lot of value in assets that are futured-proofed against ESG“