Global Real Estate Outlook: Seizing on the Cyclical Uplift

The global real estate market appears to be emerging from the downturn in capital values; stabilization in interest rates is driving this shift. As a result, we believe meaningful recovery in transaction volume will occur in 2024 after a muted 2023. There are nascent signs of life for improving investment activity with institutional investors hopping back into bidding tents and lenders coming back to the market.