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2023 Global Investor Outlook

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2023 Global Investor Outlook

Our third annual Global Investor Outlook report explores investor sentiment, asset class preferences, opportunities and strategies in 2023. Our findings are based on numerous in-depth interviews with our Capital Markets experts and survey of more than 750 investors around the world.

After a volatile year of geopolitical tensions, economic shocks and uneven monetary policy, Colliers anticipates the process of stabilization of the global real estate market to take hold by mid-2023. Investors can expect big differences in how the reset plays out across sectors and markets next year.

Key Global and EMEA themes:

  • The journey so far suggests stabilisation of the global real estate market to take hold by mid-2023. The velocity and timing of this process, incorporating a repricing and subsequent recovery will differ across markets and sectors, creating multiple investment opportunities.
     
  • Pockets of opportunities emerging amidst the current reset as the negative impact on capital values creates flux among funds and assets. Investors with refinancing requirements, funds reaching termination and arbitrage across the listed sector will create opportunities for investors across the capital stack.
     
  • Core assets to prevail but non-core will be a source of some distress. 60% of global investors prefer asset classes in established, larger cities, but changing demographic and economic realities are luring them to second- and third-tier growth cities.
     
  • Understanding and managing rising cost pressures is critical. 85% of investors said rising construction costs have the most negative influence on their ability to pursue their investment strategies, followed by higher asset operating costs (77%). This ties into the primary challenges cited by investors for the year ahead, with 78% ranking energy supply/costs as their top concern.
     
  • Sustainability is driving decisions as the threat of stranded assets looms. Nearly 17% of investors are activating a capital improvement, disposal or acquisition strategy that incorporates ESG considerations, with 45% set to dispose of up to 20% of assets under management (AUM) over the next 5 years.
     

Download the 2023 Global Investor Outlook below. For more insights and a detailed discussion on capital markets trends and investment opportunities, talk to a Colliers Capital Markets expert today.


2023 Global Investor Outlook

2023 Global Investor Outlook

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Related Experts
United Kingdom

Damian Harrington

Head of Research

London - West End

Damian Harrington is a Director and Head of Research for both Global Capital Markets and EMEA at Colliers. He has over 20 years of experience in the real estate industry living and working from various locations across EMEA including London, Dubai, Prague, Helsinki and Amsterdam. Damian is responsible for producing research for internal and external clients. His expertise helps to provide clients with global capital market trends and analysis, and connects them with strategic and actionable insights, such as the changing nature of global capital and the impact on global capital flows. Damian has produced numerous research papers and generated analysis of markets across all asset types - from residential to offices, retail to logistics and hotels to niche sectors such as life sciences, air cargo and data centres. Damian is a member of the EMEA location strategy team and a key member of Colliers ESG focus group.  He speaks regularly at internal global conferences, external industry events hosted by GRI, ULI and other key industry bodies, plus key annual events such as MIPIM and EXPO REAL.

Damian holds a Masters degree in European Property Development and Planning from University College London, a BPI Bachelor of Planning from the University of Amsterdam and a BA (Hons) in Town and Country Planning from Manchester University. He is also a qualified surveyor, holding an MRICS with the Royal Institute of Chartered Surveyors.

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United Kingdom

Luke Dawson

Head of Global and EMEA Capital Markets

London - West End

As of 2021, I took on the leadership of our EMEA Cross Border Capital Markets team, based in London.    We look to support global investors with accessing opportunities across the region as well as leveraging our local relationships into the wider region.  It is a client-led approach  across asset classes and countries formulated on the idea of matching our structure to how investors view the markets.  We look to build relationships at the decision maker level by meeting capital in their home countries on a regular basis and really understanding their long-term objectives.

I started with Colliers in 2003 working as Director of Corporate Development with a focus on mergers and acquistions across the globe.  After leading the acquisitions of several Colliers businesses across Europe, I relocated to Europe in 2007 and took on several roles across the business in both regional management and Capital Markets capacities. During this period I was responsible for  business development, key accounts, investment sales and overall business accountability across our Central and Eastern European businesses.

In 2014 I left Colliers to run one of the largest private family offices in the middle east.  This involved leading all asset management, acquisitions and dispositions across the globe and the overall leadership of the organization. 

In early 2017 I returned to Colliers to take on the regional management and Capital Markets leadership across Central Europe.  My focus was on driving our investment sales business across Central Europe as well as strategic leadership of the overall  Central Europe business.

 

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United Kingdom

Edward Plumley

Director EMEA Capital Markets

London - West End

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