⁃ Conclusion: Risk is back!⁃ Results 2019: Core is no longer dominant, Core+ investments favoured by investors, but developers prefer Core projects⁃ Results 2018 good balance between core and non-core investments.
⁃ Conclusion investors are confident that banks will continue to fund real estate transactions, but in a more cautious way.⁃ Results 2019: 51% no change, 31% decrease, 18% increase.⁃ Results 2018: 60% no change, 27% increase.
⁃Conclusion: the share of developers triples vs. 2018⁃Results 2019: Fund managers the most active (38%), the share of Developers triples y-o-y to 18%.⁃Results 2018: Fund managers the most active (53%).
⁃Conclusion: Selling real estate is as attractive as in 2018⁃Results 2019: Selling real estate will remain as attractive as 2018 (61%).⁃Results 2018: Selling real estate will remain as attractive as 2017 (53%).
⁃Conclusion: Buying real estate is as attractive as in 2018, but comparatively more investors believe it is more attractive vs. last year⁃Results 2019: Buying real estate will remain as attractive as 2018 (45%).⁃Results 2018: Buying real estate will remain as attractive as 2017 (53%).
⁃ Conclusion: Investors are more ready to go selectively outside Brussels.⁃Results 2019: preference for Brussels (47%), 29% ready to invest in secondary cities, 24% have no preference.⁃Results 2018: preference for Brussels (73%), 25% ready to invest in secondary cities.
⁃ Conclusion: Neutral on offices and Logistics, but reduction of retail.⁃ Results 2019: Neutral Logistics (37%) and Offices (57%), Underweight Retail (41%).⁃ Results 2018: Overweights Logistics (54%) Retail and Offices neutral (54% and 55%).
⁃ Conclusion: investors are much more cautious on retail than last year, and neutral to slightly optimistic for others asset classes.⁃ Results 2019: Increase of yields for retail, stabilisation for offices, slight compression potential for logistics.⁃ Results 2018: Stabilisation for offices and retail, compression for logistics.
⁃ Conclusion: investors in their vast majority believe that Retail rents will decrease, but remain stable for Logistics. Still upside potential for office rents.
⁃ Conclusion: Limited impact of Brexit on Logistics and retail volumes, but office volume could increase.