The commercial real estate (CRE) industry has endured an “interesting” year in 2023 shaped by persistently high inflation and inflated capital costs amid the aftershocks of the COVID-19 pandemic.
Myriad factors, from market instability to geopolitical uncertainties, have also contributed to the challenges, with the global CRE market experiencing a 4% decline.
So, what does the CRE market have in store for real estate firms in 2024?
Byron Carlock, Real Estate Practice Leader of PwC US, provides sage advice:
“Although real estate capital markets are constricting, they are still open for business, investors are still buying high-quality properties, lenders will continue to lend, and companies should move forward with cautious optimism through this current cycle and prepare to adapt to quick market changes.”
Real Estate Credit Investments Limited (LON:RECI) is a closed-end investment company that specialises in European real estate credit markets. Their primary objective is to provide attractive and stable returns to their shareholders, mainly in the form of quarterly dividends, by exposing them to a diversified portfolio of real estate credit investments.