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The outbreak of war in Ukraine has cast a long shadow over Europe, and real estate, like all other sectors, will have to deal with the economic and political fallout for the foreseeable future.
While industry leaders surveyed for this 20th edition of Emerging Trends in Real Estate® Europe 2023 report little direct impact on their real estate portfolios from Russia's invasion of Ukraine, the consequences of the war can be seen in soaring energy costs, historically high inflation and, most recently, rising interest rates. Seven out of ten respondents believe that Europe will enter a recession before the end of 2022.
