Europe

Remuneration growth is muted as the world tackles inflation, according to Sousou Partners, the executive search firm which partners with PERE for an annual pay report.

Troubles in the banking sector are expected to put further downward pressure on office pricing over the next two quarters, said appraisers.

Investors are still in the dark over real estate values, but there are several reasons why the industry may be back in business before long.

The Italian asset manager has also partnered with a consortium of housing co-operatives to boost social housing development across the country.

European property values will be more impacted than expected by the failures at US regional banks, says consultancy Oxford Economics.

Institutional investors in real estate are showing increased interest in higher-returning strategies, says James Jacobs, head of real estate for Lazard’s private capital advisory group.

A combination of the two Swiss banks’ businesses could cement UBS’s position as an industry behemoth both home and abroad.

While the emerging banking crisis split opinion, interest rates were a unanimous concern among delegates at this year’s MIPIM event.

Lenders at MIPIM were sanguine about Silicon Valley Bank, but the Credit Suisse situation will amplify concerns.

After enjoying more than a decade of cheap money, the new cost of finance and growing risk of obsolescence have pushed European real estate into entirely different waters.