Originally published on March 12, 2024, by ULI Staff for Urbanland Magazine. 

Despite the monetary headwinds and continued economic uncertainty around the world, there is a strong belief that the global real estate industry is at a ‘pivot point’, with improving prospects ahead for renewed investment activity, according to the latest Emerging Trends in Real Estate^® Global Outlook 2024 from PwC and the Urban Land Institute (ULI).

The report amalgamates three regional reports, which canvassed thousands of real estate leaders across Europe, the United States, and the Asia Pacific region, and is a key indicator of sentiment towards the global real estate investment and development outlook across the globe. The industry snapshot indicates that with moderating inflation and interest rates potentially peaking, and greater clarity on monetary policy, there is a degree of optimism that the market is gradually reconciling with an elevated “higher for longer” interest rate environment.