You need to enable JavaScript in order to use the AI chatbot tool powered by ChatBot

European Real Estate Investment: Outlook for H2 2024 and Beyond

Mellani Georgiou our consultant managing the role

The European real estate market is poised for a dynamic shift as we move into the latter half of 2024 and beyond. Despite the current economic headwinds, several trends and opportunities are emerging that make this a sector worth watching.

Key Trends and Growth Areas

Logistics and Residential Sectors: The logistics sector continues to thrive, fuelled by the rise of e-commerce and the need for efficient supply chains. Urban logistics, in particular, is set to benefit from strong demand fundamentals. Residential properties, including student housing and co-living spaces, are also seeing significant investor interest due to persistent housing shortages in major cities.

Retail Properties: Surprisingly, retail properties are making a comeback. Investors are eyeing distressed assets for repurposing, taking advantage of the price corrections seen over the past year. This sector is likely to see increased activity as consumer confidence improves and urban centres adapt to new retail models.

Energy-Efficient Buildings: Green is the new Black!

In a previous article we highlighted the importance of ESG. Now, ESG considerations are driving investment in energy-efficient buildings. With the European Union pushing for decarbonisation, assets that meet stringent environmental standards are becoming more attractive to investors. This trend is expected to continue, with a focus on both new builds and retrofits of existing properties.

Investment Flows

Investment volumes are projected to rebound in H2 2024, with an expected increase of 19-22% compared to 2023. The UK and Germany are likely to lead in cross-border investments, benefiting from significant price adjustments and strong market fundamentals. The CEE and Nordic regions are also anticipated to see substantial growth due to their low base volumes in 2023.

Timing the Momentum Shift

The turning point for the real estate market is closely tied to interest rate movements. The anticipated rate cuts by the European Central Bank in 2024 are expected to ease financing conditions, which should catalyse investment activity. Prime assets are already showing signs of stabilising, and we expect broader market recovery to gain momentum towards the end of 2024 and into 2025.

Recruitment in the Real Estate Funds Sector

As the market heats up, recruitment in the real estate funds sector is also poised to pick up pace. We have already seen gentle growing demand for professionals with expertise in asset management, sustainability, and financial structuring. Companies are actively seeking talent to navigate the complex market conditions and capitalise on emerging opportunities. 

Conclusion

The outlook for European real estate investment is cautiously optimistic. While challenges remain, particularly in financing and economic stability, the opportunities in logistics, residential, and energy-efficient properties are compelling. As the market adjusts and recovers, savvy investors will find attractive entry points.

Marks Sattin is a specialist financial services recruitment consultancy. We have over 30 years’ experience placing experts within financial services, ranging from fund accountants, treasury assistants, Fund Controllers and governance specialists.

For specialised accounting and finance recruitment tailored to the real estate sector, get in touch with me at Marks Sattin today. Let us help you build the team you need to thrive in this challenging market.

24/07/24
jobs

Related jobs

Senior Group Accountant

Salary:

£65,000 - £73,000 per annum

Location:

Manchester, Greater Manchester

Industry

Professional Services

Qualification

Fully qualified

Market

Professional Services

Salary

£70,000 - £80,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Senior Group Accountant role working closely with M & A based city centre Manchester for a PE backed services company paying between up to £73,000.

Reference

BBBH183632

Expiry Date

01/01/01

Nathan  Jones

Author

Nathan Jones
Find out more
Financial Controller

Salary:

£70,000 - £80,000 per annum + Excellent Benefits Package

Location:

Preston, Lancashire

Industry

Technology

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£80,000 - £100,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Financial Controller role for a PE backed technology business based just outside Preston offering hybrid working with a salary of circa £80,000.

Reference

BBBH183833

Expiry Date

01/01/01

Nathan  Jones

Author

Nathan Jones
Find out more
Financial Planning and Analysis Manager

Salary:

£75,000 - £85,000 per annum

Location:

Leigh, Greater Manchester

Industry

Manufacturing

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£80,000 - £100,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Financial, Planning and Analysis Manager role for an international manufacturing business based in Leigh paying between £75,000 and £85,000.

Reference

BBBH183250

Expiry Date

01/01/01

Nathan  Jones

Author

Nathan Jones
Find out more
Financial Accountant (Interim)

Salary:

£300 - £350 per day

Location:

London

Industry

Real Estate

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£350 - £450

Job Discipline

Qualified Finance

Contract Type:

Contract

Description

Interim Financial Accountant | 3-month contract | IFRS reporting, audits & cash management | Global hospitality brand | London | Immediate start

Reference

BBBH183914

Expiry Date

01/01/01

Jaden Alie

Author

Jaden Alie
Jaden Alie

Author

Jaden Alie
Find out more
EBilling Administrator

Salary:

Up to £25,000 per annum

Location:

Leeds, West Yorkshire

Industry

Professional Services

Qualification

None specified

Market

Commerce & Industry

Salary

£25,000 - £30,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Permanent

Description

Marks Sattin are currently recruiting for a EBilling Administrator on behalf of a well established, Global Professional Services business based in Leeds City Centre.

Reference

BBBH183925

Expiry Date

01/01/01

Yasmin Clough

Author

Yasmin Clough
Find out more
Legal Cashier Administrator

Salary:

Up to £25,000 per annum

Location:

Leeds, West Yorkshire

Industry

Professional Services

Qualification

None specified

Market

Commerce & Industry

Salary

£25,000 - £30,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Permanent

Description

Marks Sattin are currently recruiting for a Legal Cashier Administrator on behalf of a Global Law firm, based in Leeds City Centre.

Reference

BBBH183924

Expiry Date

01/01/01

Yasmin Clough

Author

Yasmin Clough
Find out more
Finance Business Partner

Salary:

£60,000 - £65,000 per annum

Location:

Manchester, Greater Manchester

Industry

Consumer & Retail

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£60,000 - £70,000

Job Discipline

Qualified Finance

Contract Type:

Contract

Description

Finance Business Partner | Manchester | Up to £65,000 | Immediate Start | 3-6 month FTC

Reference

BBBH183920

Expiry Date

01/01/01

Jamie Miller

Author

Jamie Miller
Find out more
Senior Financial Accountant (3-6 Month Contract)

Salary:

£425 - £500 per day + Via Umbrella + Hybrid Working

Location:

London

Industry

Investment Banking & Capital Markets

Qualification

Fully qualified

Market

Financial Services

Salary

£350 - £450

Job Discipline

Qualified Finance

Contract Type:

Contract

Description

Senior Financial Reporting Accountant: 3-6 Month Contract (£425 - £500 per day via umbrella) Hybrid Working 2 Days a week in the office, Location: South-West, London

Reference

BBBH183921

Expiry Date

01/01/01

Deem NaPattaloong Find out more
Bank Reconciliation Administrator

Salary:

£180 - £300 per day + Via Umbrella

Location:

London

Industry

Investment Banking & Capital Markets

Qualification

Part qualified

Market

Financial Services

Salary

£250 - £350

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Contract

Description

Bank Reconciliation Administrator - Financial Services * 3-6-month contract £180 - £300 per day via umbrella (dependant on experience). * Hybrid working: 2 days a week in the office

Reference

BBBH183918

Expiry Date

01/01/01

Deem NaPattaloong Find out more
Senior Tax Manager (EMEA)

Salary:

£95,000 - £105,000 per annum

Location:

Yorkshire and the Humber

Industry

Technology

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£100,000 - £125,000

Job Discipline

Tax

Contract Type:

Permanent

Description

Remote based Senior Tax Manager (EMEA) position for Ralliant Corporation, a global precision technology company.

Reference

BBBH183917

Expiry Date

01/01/01

Andy Craven

Author

Andy Craven
Andy Craven

Author

Andy Craven
Find out more
View all jobs