Global Outlook Edition

2023 European Real Estate Markets Outlook: Positioning for Disruption

Introduction: Disruption Hits European Real Estate Investors The first European cross-border war in 80 years was certainly not the post-COVID recovery policymakers had planned for. Its impact on energy and food prices combined with already challenging global supply chains have pushed inflation to new record levels. As a result, central banks have been raising policy… Read more

Global Outlook Edition

2023 Outlook of Economy and Real Estate Markets in Japan

While the Japanese real estate market is expected to remain stable and attract global investors’ attention in the first half of 2023, the second half of the year will require careful investment behavior with an eye on concerns of rising interest rates due to possible continued price hikes in Japan and economic recession due to… Read more

Canadian Commercial Real Estate Market Was Mostly Stable in 2022, With the Same Questions Regarding the Return to Office

The labour market continued to grow in most sectors, increasing by just over 104,000 new positions in December 2022 with this occuring despite economic uncertainties dropping to 5.0%. The Canadian industry is one directly impacted by this due to our current macroeconomic environment. Inflation is still a major concern with consumers as it remains stubbornly… Read more

Global Outlook Edition

Volatility in 2022, Uncertainty in 2023

The Outlook for the US Economy, Commercial Real Estate, and Housing   Executive Summary Economic and geopolitical uncertainty resulted in significant volatility for a wide variety of data points in 2022. Recession probabilities for 2023 remain high not just for the US but for many countries around the world; however, consensus forecasts suggest that most… Read more

Perspectives

Impact of Driverless Vehicles on Real Estate: Ethical and Legal Issues

Many articles1, journals2, books3, and other sources have discussed the continued and expansive nature of vehicles that are driven by computers as opposed to human beings.4 We have written and presented many programs on driverless vehicles (“DV”).5 Many of the materials mentioned as to DV have focused on the technological aspects of such vehicles. Some… Read more

Perspectives

No Siesta for Cabo

Los Cabos real estate market, in Baja California Sur, Mexico, has evolved at an extraordinary pace during the last decade, driven by a dollarized economy of a large sector of high purchasing power that does not hesitate when acquiring a second vacation home facing the sea, with an average price of more than $ 2 million dollars; although in the most exclusive developments there are residences for sale beyond $ 19 million and residential lots of... Read More