Ει βούλει καλώς ακούειν, μάθε καλώς λέγειν, μαθών δε καλώς λέγειν, πειρώ καλώς πράττειν, και ούτω καρπώση το καλώς ακούειν. (Επίκτητος)
(Αν θέλεις να σε επαινούν, μάθε πρώτα να λες καλά λόγια, και αφού μάθεις να λες καλά λόγια, να κάνεις καλές πράξεις, και τότε θα ακούς καλά λόγια για εσένα).
CBRE: Second Quarter Sees Global Real Estate Investment Volatility Amidst Monetary Tightening Measures
Amidst a landscape of tightening monetary policies, the global commercial real estate market faced a sharp decline in investment during the second quarter of 2023, sending shockwaves across the industry. According to recent data, the investment volume plummeted by a staggering 57% year-over-year, amounting to a mere US$142 billion. The economic ripples were felt across all regions, with investment plummeting by 63% in the Americas, 53% in Europe, and 25% in the Asia-Pacific region. Notably, every property sector witnessed a decline in investment, with the multifamily sector taking the hardest hit at -66%, despite maintaining its appeal to investors. In contrast, the industrial sector fared relatively better, experiencing a comparatively modest drop of 41%. The confluence of factors including elevated interest rates, stringent credit conditions, and lingering economic uncertainty in the United States and Europe has cast a shadow of doubt over the prospect of a swift rebound in commercial real estate investment for the remainder of 2023. Industry experts at CBRE have cautiously forecasted a further 34% decrease in global investment volume for the year, with a potential upward trajectory expected to emerge only in 2024, as market conditions hopefully regain their equilibrium.
