Europe Real Estate Sector Report Autumn 2023

This document is a sector report focusing on the European real estate market for Autumn 2023. It outlines the current conditions and outlook across various sectors, including office, industrial, residential, hotel, retail, data centres, healthcare, and student housing. The report indicates that the office sector experienced the lowest transaction volume on record in Q2 2023, reflecting concerns over hybrid work trends. The industrial sector saw significant repricing, with a noted decline in values. Additionally, the residential market is experiencing declining housing affordability, and the hotel sector reported a decrease in transaction volume despite strong operational results. The retail sector is highlighted as the only one achieving positive total returns this year, driven by various factors, including increased foot traffic from tourists. The report concludes by examining the healthcare market, which has been impacted by low transaction volumes and various operational challenges.