Emerging Trends in Real Estate 2023

The report titled "Emerging Trends in Real Estate 2023" is a collaborative effort between PwC, a global leader in professional services and consulting, and the Urban Land Institute (ULI), a renowned organization focused on land use and real estate development. As the 20th edition of this impactful survey, it seeks to provide a comprehensive outlook on the real estate landscape across Europe, especially in light of recent global events.

As European economies begin to recover from the COVID-19 pandemic, they face new challenges stemming from the war in Ukraine. The conflict has had significant ramifications, affecting not just human lives but also the economic stability of the region. A notable consequence of this situation is rising inflation, predominantly driven by escalating energy costs, which is likely to influence real estate trends in the coming year.

The report reflects the perspectives of 1,038 property professionals, including investors, fund managers, developers, property companies, lenders, brokers, and consultants. These insights were gathered through surveys, interviews, and roundtable discussions, ensuring a well-rounded perspective on the current state and future of the real estate sector in Europe. Importantly, the views expressed represent a diverse range of industry experts rather than the opinions of PwC or ULI.

To commemorate its 20th year in circulation, this edition includes a thorough analysis of significant historical trends and evolutions within the European real estate sector over the past two decades. This analysis encompasses changes in city and sector rankings, providing a valuable context for understanding current dynamics and future potential in the market.

Given the increasing importance of sustainability in housing, the report emphasizes the need for real estate practices that align with environmental considerations. With rising energy costs and heightened awareness of climate change, there is a pressing demand for sustainable housing solutions that not only meet current market needs but also contribute positively to the environment. The insights from industry professionals will help stakeholders navigate these evolving challenges effectively.

Overall, the "Emerging Trends in Real Estate 2023" report serves as a crucial resource for anyone interested in understanding the future of real estate in Europe. By synthesizing expert opinions and historical data, it provides a comprehensive view of the challenges and opportunities present in the market, particularly in the context of sustainable housing practices. As the industry adapts to new realities, this report will be instrumental in guiding stakeholders towards informed decisions.