Rob provides an insightful overview of the current state of the EU and UK commercial property markets, highlighting a notable recovery in real estate investment in the EU during the latter half of 2024, with a shift in investor focus towards hotels and warehouses due to the growth of e-commerce.
KEY TAKEAWAYS
After a quiet start to 2023 and 2024, real estate investment in the EU has shown signs of recovery, particularly in the second half of 2024, with a shift in investor focus towards hotels and warehouses due to the growth of e-commerce.
UK commercial property investment increased by 26% in 2024, with significant deals such as Abu Dhabi's Modon Holdings acquiring a major office complex in London, indicating a positive trend in the market.
The office sector in both the EU and UK has experienced a decline in investment, attributed to the rise of hybrid working models, with a reported 10% drop in the EU and a slight decrease in the UK.
England's housing ombudsman has proposed mandatory lead surveys for properties to assess health risks associated with lead exposure, raising concerns about the potential costs and implications for property demand and ownership.
Upcoming episodes of the podcast will recap key insights from the past five to six years, discuss the future of commercial and residential property in the UK, and share lessons learned from podcasting as a tool for business growth and investment generation.
BEST MOMENTS
"Investors... have started to shift their focus to hotels and apartments. They're putting more investment into things such as warehouses as they are betting on higher growth in e-commerce."
"The office sector... recorded a 10% drop in investment in 2024. And that is its worst year since 2009."
"UK property investment... jumped 26% in 2024. That is obviously good news."
"Lead has been used quite a lot because it could be used in flashing... and of course, if you start inhaling such things, that could be quite toxic to your health."
"Trying to introduce mandatory testing is, I think, probably a step too far. And again, it's just adding another cost, another thing to the process."
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