Top Story
The real estate industry needs to “adapt or die” according to Emerging Trends in Real Estate® Europe 2011 with regulation, austerity Europe, the sovereign debt crisis and a weak lending market adding to the pressure. Our survey predicts that 2011 will not be the turnaround year that the European real estate industry had hoped for, with a “two-speed” market likely to emerge.
Interviewees anticipate that well-established firms with defensive strategies will fare best in the months ahead, while prospects are less bright for niche or new players. As firms prioritise resources in 2011, there will be those in the industry who find their skills in demand, although some will find themselves ill-equipped in the new climate.