全球房地产趋势展望与影响

GLOBAL TRENDS IN REAL ESTATE -OUTLOOK & IMPACTAPI, Cape Town September, 20242 | © 2024 Jones Lang LaSalle IP, Inc. All rights reserved.The next real estate cycle has already started2MacroRisk and uncertainty will remain elevated•Financial markets, geopolitics, domestic policy shifts, evolving future of work, andclimate and AI disruption will create complexity forreal estate strategiesInterest rate trajectory is benign•The central bank narrative has shifted substantially in just 6 months.•Interest rates will move a lot in next 12 months, but bond markets have priced much of it already. •This will support a modest compression in real estate yields from 2025 in core marketsImproving global growth outlook•Momentum building through 2024 into 2025 and 2026 as lower inflation supports a recovery in real income growth, and lower interest rates reduce the headwinds facing the economy.•H2 2024 is the start of the new real estate cycle, though nuances remain 1323 | © 2024 Jones Lang LaSalle I