The negative trend in the world of real estate is reversing. The opportunities are returning, and so are the investors.
An investor who can act and deploy his capital efficiently and quickly will enjoy buying or leasing opportunities this year. The best buildings - in terms of location, innovation and quality - will be in high demand, but there is an obsolescence problem regarding the rest. It is problematic to make real estate a zoning change from offices to residences. There is a great demand for green buildings. As mentioned, there will be no reduction in construction prices, but the rent sales of new buildings will greatly justify the investment. We are moving towards a balance of about 3 days in the office a week, which means that companies are looking to make sure their space is the best. This not only means less space for some people, but also more space in the offices for the employees", concludes David Rhea, Chief Economist for Europe and the Middle East (EMEA), JLL/JLL.