Pramerica Real Estate Investors: i trend che influenzeranno il mercato nel 2016 e oltre

Pramerica Real Estate Investors recently took part in a Prudential Investment Management 2016 Outlook event and has drafted a research Whitepaper on the trends for the sector in the year ahead and beyond.

Peter Hayes, managing director and global head of investment research for Prudential Real Estate Investors, which has $62.6 billion in gross assets, has cited two themes heading into 2016: “First is a lack of ‘grade-A, quality real estate’ in the United States and the United Kingdom, leading to a focus on major cities. In addition, Hayes explained, “We like active asset management—the repositioning, redevelopment, refurbishment of locations around the world,” particularly in Europe and developed Asia.
The eight major occupier and investment trends that PREI expects will influence market conditions and investment performance in 2016 and beyond are:


1.       Transaction Volume Increases: We expect global transaction volume to increase further in 2016, as investors have plenty of capital to deploy and occupier fundamentals are improving.

2.       Investment Horizons Broaden: Portfolio deals and cross-border capital flows are gaining market share, a sure sign that investors are searching more widely for returns and looking to deploy capital quickly.

3.       Yield Compression Continues: Real estate yields are at record lows in many markets, but we expect further yield compression in 2016 due to relative pricing and market momentum.

4.       Diversification Makes a Comeback: Recent years have called the benefits of market-level diversification into question, but correlations have dropped, making active allocation strategies more attractive.

5.       Investors Follow Occupier Performance: Investors typically respond to expected occupier market performance. We anticipate a rotation of capital away from gateway markets as growth broadens.

6.       Vacancy Falls Further: Even if demand growth is modest, a low supply pipeline points to falling vacancy, which normally goes hand in hand with rental growth.

7.       More Markets Reach Peak Rents: Occupier momentum is positive and CBD rents are finally getting back to pre-crisis levels. Falling availability means that we expect more leasing activity and stronger rental growth in non-CBD markets.

8.       Emerging Markets Stabilise: Emerging markets have had a rough ride recently, but growth should start to improve again next year. Expectations of a rebound in capital inflows bode well for real estate investment activity.


Source :  Company


Testata giornalistica non registrata ai sensi dell’Art.3 bis del D.L. 18 maggio 2012, n. 63 convertito in Legge 16.07.2012 n°103

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