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Risk and volatility will be with us throughout 2017 but real estate should still have the wind at its back, at least for the best assets and locations. Across Western Europe, we expect prime yields to fall 30-40bps, rents to edge up 2-3% and European investment volumes overall to rise 6% as profit taking frees up opportunities.
With growth patterns increasingly differentiated, 2017 will be a year of tiers as some investors, and indeed occupiers, focus on tier 1 gateway cities but others look to tier 2 markets, typically with an aversion to macro risk making them maintain a focus on the better managed and more stable economies.
Source : Cushman & Wakefield
