Return to growth in 2024 with sheds and resi to the fore: AEW

European real estate is expected to return to positive capital value growth during the second half of 2024 according to Irène Fossé, director – research and strategy in investment manager AEW’s European team.

The recent past has been tough: “We’re seeing values being adjusted quite significantly and quite a lot of challenges on the liquidity side and also on the refinancing side, but we’re quite positive for 2024,” she said while speaking to Real Asset Insight’s Richard Betts.

Logistics and residential will be the sectors that outperform the all-property average, Fossé added.

The performance of the markets in France is expected to be in line with the European average. “We see most French property markets in the attractive territories in our risk adjusted model, so that’s a positive sign,” she said.