Le mie ricette per la real estate communityKey themes include:
· Investment transactions are still stalling in Q2. Preliminary results suggest that the total investment volume for the second quarter of the year will be around 33 billion, the lowest Q2 since 2010 and a 57% decrease year-on-year.
· With debt harder to secure, the average deal size is decreasing. In Q1 2023, deals up to €500m accounted for 97% of all deals, up from the previous five-year average of 95%.
· As a result of the continued interest rate hikes, returns have increased on risk-free government bonds, and the gap between bonds and real estate yields has narrowed to 140 bps on average across Europe.
· We expect the annual investment volume in Europe to be approximately €163bn by the end of the year, representing a year-on-year decrease of 44%.
Source : Company