- Warehouse values rising; office value slumping
- 'Affordable housing' boom likely to continue
The past 12 months for the real estate market have been defined almost entirely by interest rates. As rates climbed throughout the year to levels not seen for 15 years, asset values continued to slump. But now those rises are seemingly at an end, investors will inevitably be asking whether 2024 will mark a fully fledged recovery for the sector.
As is always the case for market movements, it is impossible to say for sure. What is likely is that many things other than interest rates are likely to shape the market in 2024. Here are five trends shareholders in real estate investment trusts (Reits) and housebuilders should keep an eye on.