"Savills European Research: key property themes that will impact the European real estate sector in 2024 and investment opportunities for core, value-add and opportunistic investors"

"Despite tightening consumer finances impacting retail sales in 2023, economic headwinds are forecast to ease in 2024"

"European office take-up to marginally increase in 2024, as occupiers seek the best of the best"

"While the European economy continues to struggle under the strain of tight monetary policy, there are signs of stabilisation in both the occupier and investment markets"

"With many EV users not having access to home charging points, public infrastructure provision is essential. Many landlords have significant volumes of car parking spaces that could be suitable for installation, so this is an opportunity to monetise an asset that is largely underutilised while simultaneously strengthening potential revenue to other facilities via partnerships with CPOs"

"The average European office occupancy rate has increased from 55% in February 2023 to 57% in September 2023, behind the pre-pandemic average of 70%"

"Over €12bn to be invested in PBSA over the next two to five years, led by Spain, Italy, Germany, France, and Portugal"

"Average prime European office yields move out by 20 bps during Q3 2023, as Berlin, Amsterdam, Madrid and Munich sit within fair pricing territory"

"The Dutch real estate investment market has witnessed a significant decline in transaction activity in 2023 compared to 2022, with the slowdown continuing into the third quarter. Both the increase of investors’ cost of capital and a weaker occupier market have undermined transaction activity."

"We expect a gradual resurgence in investment activity starting in Q4 and extending in 2024 on the back of the downward price adjustments. However, the lacklustre economic landscape is poised to act as a drag on investment activity for the forthcoming six months"