Real estate in Zurich is becoming more attractive
The real estate investment location Zurich climbed six places in the ranking of the PwC study “Emerging Trends in Real Estate Europe 2022” to 14th place. The industry is most concerned about construction costs and scarce resources. Close behind: the sustainability requirements.
As the only Swiss city, Zurich is becoming more attractive for real estate investments. In the current study “Emerging Trends in Real Estate Europe 2022 ” by the business consultancy PwC , it climbed from 20th place in the previous year to 14th place. In the rents and capital values category, the respondents put Zurich in sixth place. The report reflects the views of 844 real estate professionals.
The ranking is now headed by London. The British capital and Berlin have swapped the first two places from the previous year. This is followed by Paris, Frankfurt and Munich.
As stated in a press release on this study, it recorded the highest business confidence since 2014. It also shows that the positive outlook has doubled since last year.
The main concerns of the European real estate industry relate to high construction costs and scarce resources (88 percent of those surveyed), the availability of land and assets (66 percent) and the requirements for sustainability and decarbonization (61 percent).
There is no consensus on office space. Some of the respondents opted for flexible and high-quality properties, while others assumed an inevitable decline in overall demand. 85 percent believe that home office time will increase. 82 percent think that a representative office building is still important for communicating the corporate culture and for recruiting staff.