Emerging Trends in Real Estate® Europe 2006 - Urban Land Institute
Emerging Trends in Real Estate® Europe 2006 - Urban Land Institute
Emerging Trends in Real Estate® Europe 2006 - Urban Land Institute
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<strong>Emerg<strong>in</strong>g</strong><br />
<strong>Trends</strong><br />
<strong>in</strong><br />
<strong>Real</strong> <strong>Estate®</strong><br />
<strong>Europe</strong><br />
1<br />
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<strong>2006</strong><br />
Contents<br />
Executive Summary<br />
Chapter 1 A Liquidity Hurricane<br />
More Buyers Than Sellers by a Very Fat Marg<strong>in</strong><br />
Inflation: Shift<strong>in</strong>g to Lower Volatility<br />
A Repositioned Asset Class<br />
Growth Is Pick<strong>in</strong>g Up—But Not by Much<br />
Returns Still Attractive Relative to Other Asset Classes<br />
Pan-<strong>Europe</strong>an Investment: the Flexible Friend<br />
Indirect Investment Gets Grow<strong>in</strong>g Pa<strong>in</strong>s<br />
You Can Get It if You <strong>Real</strong>ly Want—but at What Price?<br />
Development Is Back on the Menu<br />
The Universe Is Expand<strong>in</strong>g—Even Core Investors Are Go<strong>in</strong>g Niche<br />
Mixed Use Moves Up the Agenda<br />
Wanted: Corporate and Government Assets<br />
Infrastructure Gets a New Fan Club<br />
Susta<strong>in</strong>ability Issues Barely Surface<br />
Go<strong>in</strong>g East for Opportunity<br />
Chapter 2 <strong>Real</strong> Estate Capital Flows<br />
Capital <strong>Trends</strong>: Equity<br />
Capital <strong>Trends</strong>: Debt<br />
Chapter 3 Markets to Watch<br />
The Top Ten Markets<br />
The Middle-Ranked Markets<br />
Challeng<strong>in</strong>g Markets<br />
Chapter 4 Property Types <strong>in</strong> Perspective<br />
Retail<br />
Hotels<br />
Industrial<br />
Residential<br />
Office<br />
Interview Participants