Emerging Trends in Real Estate® Europe is a joint report published annually since 2003 by the Urban Land Institute (ULI) and PwC. The report provides an outlook on European real estate investment and development trends, real estate finance and capital markets, as well as trends by property sector and geographical area.
Europe’s real estate industry expects to be busier and more profitable in 2015, despite concerns over weak fundamentals and economic conditions. The five leading cities for investment prospects in 2015 are a mix of German stalwarts and recovery plays: Berlin is top, followed by Dublin, Madrid, Hamburg and, in a remarkable revival, Athens. Dublin’s ranking and Athens’ rise reflect the opportunistic streak that runs through Europe. Madrid’s ranking, too, reflects a capital surge into Spain that started in 2013 and shows no sign of easing up. If anything, there are signs of this activity spreading across southern Europe.