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Sofia Athanassopoulou, PwC Greece: The interest remains high for offices, logistics

The European real estate industry is going through a period of slowdown, which coincides with long-term structural changes in the real estate market, according to the 18th edition of the report “Emerging Trends in Real Estate® Europe”, co-published by PwC and the Urban Land Institute (ULI ). The real estate market, however, remains an attractive investment category.

According to Sofia Athanasopoulou, Director in PwC Greece, “office spaces, logistics services and rental housing remain high in terms of investment, growth and overall performance, while other sectors, such as hotels and shopping malls, are struggling. At the same time, home working has come to stay, while repurposing remains a trend that will affect the real estate market in the next 3-5 years”.

According to the research, the category that will be most affected by the uncertainty of the pandemic is that of real estate intended for retail and offices, due to the uncertainty of rent collection during the pandemic. This leads investors to assess the operational risk of the tenants, while focusing on their own strengths as managers, in the effort to secure their income.

However, the evaluation of new opportunities in the context of the constraints imposed and the difficulty of developing new relationships in the “Zoom era” may significantly slow down the volume of transactions

Covid-19 has accelerated the digital transformation worldwide by influencing investor preference sectors. In this context, strong prospects are recorded for the logistics, data centers, communication towers and fiber optics sectors. In addition, life sciences, health and housing are high on the preferences of investors as a result of the pandemic.

Original Source: Capital.gr

Adaptation/Summary: Kiki Athanasiadis