Global Real Estate Outlook Mid-Year 2025: Opportunity amidst uncertainty
As one cycle closes and a new one begins, real estate continues to face challenges – yet challenge also fosters opportunity. How can investors distinguish between cyclical signals, structural trends and short-term noise? Find out more in our mid-year report.
We are living through a period of unprecedented change, where accepted norms are challenged and new opportunities (and risks) continue to arise.
A key question for investors is how to distinguish between cyclical signals, structural trends, and short-term noise. Real estate markets remain close to cyclical lows, providing an attractive entry point, in our view. But to capitalise on this, investors must combine a top-down understanding of structural trends with bottom-up selectivity at an asset level, ensuring alignment between macro conviction and asset fundamentals. Our mid-year Global Real Estate Outlook 2025, featuring top sector and market picks, is designed to support this balance, helping investors to walk the fine line between caution and opportunity.
Yet we also witness a new dimension in which the dominance of the US as a destination for international capital is facing questions. Whilst some investors pause or reconsider their planned US commitments, other regions are coming into greater focus. There is potential for both European and Asia Pacific real estate markets to be a beneficiary of any recalibration – and we believe each offers a broad spectrum of opportunities to lean into.