Britain to lead 2024 European real estate boom as international buyers eye opportunities, research says
Publishing timestamp: 2024-03-01 01:05:17
Summary
Savills research suggests that a fall in interest rates and modest economic revival will lead to a 20% rebound in real estate investment activity in 2024, with U.S., Israeli, Japanese, and Taiwanese investors leading the charge. The U.K. is expected to lead the European real estate resurgence, attracting significant investment from overseas. Beds and sheds (residential and warehouse properties) are expected to be the biggest winners, surpassing offices as the preferred asset class for overseas buyers. Despite a tough year in 2023, there are opportunities for investors looking to take advantage of discounted office and retail spaces.
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Keywords: world economy, savills plc, economy, cbre group inc, real estate, breaking news: economy, business news,