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Commercial Real Estate: Europe: Difference between revisions
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Oxford Economist predict additional property value declines in 2023:<ref>https://realassets.ipe.com/news/oxford-economics-downgrades-real-estate-forecasts-amid-banking-turmoil/10065752.article</ref> | === Analyst Outlook === | ||
1.Oxford Economist predict additional property value declines in 2023:<ref>https://realassets.ipe.com/news/oxford-economics-downgrades-real-estate-forecasts-amid-banking-turmoil/10065752.article</ref> | |||
* The economic consultancy now expects capital values across commercial real estate sectors in Europe to fall by 10% in 2023 – after an 11% correction in the UK and 3% correction in continental Europe last year. | * The economic consultancy now expects capital values across commercial real estate sectors in Europe to fall by 10% in 2023 – after an 11% correction in the UK and 3% correction in continental Europe last year. | ||
* Sharper decline for continental Europe than the one experienced during the global financial crisis | * Sharper decline for continental Europe than the one experienced during the global financial crisis | ||
Citi anayst forecast a 20%-40% decline in asset values over 2023 and 2024.<ref>https://www.bloomberg.com/news/articles/2023-03-27/european-real-estate-stocks-face-50-downside-citi-analysts-say</ref> | 2.Citi anayst forecast a 20%-40% decline in asset values over 2023 and 2024.<ref>https://www.bloomberg.com/news/articles/2023-03-27/european-real-estate-stocks-face-50-downside-citi-analysts-say</ref> | ||
== Office Outlook == | == Office Outlook == | ||