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Urban Being
The Future of City Living and the European „Beds Sector‟ Clare Thomas, Partner, CMS 18 September 2019
7th Annual Real Estate Report
Urban Being The Future of City Living and the European Beds Sector - - PowerPoint PPT Presentation
Urban Being The Future of City Living and the European Beds Sector - - PowerPoint PPT Presentation
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
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7
Space as a service
7
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2017 Report
Retail attractive Residential an outlier
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Beds, Sheds and Meds
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10
206
global real estate professionals
£3bn+
total assets
Methodology
11 in-depth interviews
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Methodology – Consumer Survey
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Unprecedented Politics
34%
a good Prime Minister to replace May
73%
see Brexit as having a negative impact on UK investment
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Market Outlook
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London
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Silver Lining
40% of investors
favoured Frankfurt as a post-Brexit alternative to London for investment
32% of investors
favoured Berlin as a post- Brexit alternative to London for investment
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Top Assets – Beds, Sheds, and Meds
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London Paris Amsterdam Berlin Glasgow Manchester
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Ownership on its way out?
72% of iGens and 56%
- f all consumers say home
- wnership is less important.
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Affordability challenge
67% are either
increasingly in debt or just making ends meet
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All inclusive
- ffering
Top 3 Reasons to Rent
Repairs & maintenance Flexibility
43% 37% 31%
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Unresponsive landlords
Top 3 Challenges to Renting
Lack of rent controls Perception of losing money
54% 44% 35%
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What do consumers want?
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60% of people will live in
cities by 2030 (source: UN)
55% of consumers say
they would consider a smaller living space in exchange for better shared facilities and community spirit
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27
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
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“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
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“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
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Urban Being
The Future of City Living and the European „Beds Sector‟