Urban Being The Future of City Living and the European „Beds Sector‟ Clare Thomas, Partner, CMS 18 September 2019
7th Annual Real Estate Report
Space as a service 7 7
2017 Report Retail attractive Residential an outlier
Beds, Sheds and Meds
Methodology 11 in-depth interviews 206 global real estate professionals £3bn+ total assets 10
Methodology – Consumer Survey 11
Unprecedented Politics 73% 34% see Brexit as having a a good Prime negative impact on UK Minister to replace investment May 12
Market Outlook 13
London 14
Silver Lining 32% of investors 40% of investors favoured Berlin as a post- favoured Frankfurt as a Brexit alternative to post-Brexit alternative to London for investment London for investment 15
Top Assets – Beds, Sheds, and Meds 16
Paris London Amsterdam Berlin Manchester Glasgow 17
Ownership on its way out? 72% of iGens and 56% of all consumers say home ownership is less important.
Affordability challenge 67% are either increasingly in debt or just making ends meet 19
20
Top 3 Reasons to Rent 43% 37% 31% Repairs & All inclusive Flexibility maintenance offering 21
Top 3 Challenges to Renting 54% 44% 35% Perception of Unresponsive Lack of rent losing money landlords controls 22
What do consumers want? 23
24
55% of consumers say they would consider a smaller living space in exchange for better shared facilities and community spirit 60% of people will live in cities by 2030 (source: UN) 25
Less than 1% of Europeans live in specialist retirement properties compared with 17% in the US 61% of consumers would consider renting when they retire 27
“Audley is creating beautiful places to live, with the sort of facilities that you have at a country club. By making it an aspirational decision, we can motivate older people to take this step for positive lifestyle reasons, instead of waiting until it becomes a necessity due to care needs.” Charles Ferguson-Davie, Moorfield Group 28
“PRS is one of the most stable and best performing asset classes in real estate and has become one of the most compelling sectors for investment.” Wolfgang Egger, PATRIZIA 29
Urban Being The Future of City Living and the European „Beds Sector‟
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