ISA Outlook 2024: Global

The global macroeconomic context for real estate remains
unsettled, and more so than earlier in 2023. Until late summer,
interest rates in most major markets exhibited high volatility,
but little overall trend. They moved mainly sideways, owing to
cooling inflation and expectations that central banks were
reaching the end of their tightening cycles. This was helpful in
setting a pricing baseline for real estate investors. But the
outlook for rates and thus real estate pricing has become more
unsettled of late.


What does this mean for real estate and how does it intersect
with other key trends?





Contributors:


Brian Klinksiek


Global Head of Research and Strategy


Eduardo Gorab


Head of Global Portfolio Research and Strategy