There were 280 responses to the 2015 CBRE online survey of investor intentions, from across the EMEA property investment community. Comparisons with previous years suggest that 2015 will be another strong year for investment activity, with some owners also taking advantage of the strong market to sell as well as buy.
Not surprisingly, given the level of interest in real estate and the capital value growth that has been seen in recent years, access to competitively priced stock is the biggest problem for investors in today’s market. Nearly all (91%) of investors cited one of ‘Availability of Assets’, ‘Asset Pricing’ or ‘Competition from Other Investors’ as the biggest obstacle to acquiring assets in the EMEA region. In contrast factors such as ‘Availability/Cost of Debt’, which were huge issues just a few years ago (nearly 30% in the 2012 survey) have disappeared from investors’ lists of concerns.
Search for yield also continues to drive investors up the risk curve. 40% of investors said that they would be looking to take more risk in 2015 than in 2014, compared to just 9% who said that their appetite for risk was lower than last year.
Contacts
| Nick Axford, Ph.D. Global Head of Research +44 20 7182 2876 |
Richard Barkham, Ph.D. Global Chief Economist +44 20 7182 2665 |
Neil Blake, Ph.D. Head of Research, EMEA +44 20 7182 2133 |
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| Michael Haddock Senior Director, EMEA Research +44 207 182 3274 |
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