The European real estate market is characterised by high levels of sustainability, stability and transparency. Many occupier markets are healthy, with low vacancy rates and steady rental growth.
Positive GDP growth, low interest rates, urbanisation and an increase in the number of households are driving demand for new housing, particularly in the major cities. Student housing is another key sector, as is the ongoing growth in care-related real estate, and new residential concepts are constantly being developed.
The office market also continues to grow, with limited supply and vacancy levels below their long-term average. The retail sector, however, faces challenging conditions and needs to adjust to the changing retail environment and growth in online shopping. On the flipside, the growth in consumer spending and online retail are also driving demand for logistics facilities in urban areas.