Where is the European property market heading? Forecasts for the future

The report by the consulting company Deloitte allows not only to assess the current state of the European real estate market, but also to make certain forecasts for the future.

What trends will determine the development of this market in the coming years?

Inflation, rising interest rates and geopolitical instability are all factors that are having a significant impact on the European property market. Rising prices for building materials, rising mortgage rates and an unstable economic situation are all contributing to a decline in demand for housing. As a result, property prices may begin to stabilize or even decline in some regions.

However, it is important to note that in the long term, demand for real estate in Europe remains high, especially in large cities.

Housing shortages and a growing population continue to put pressure on prices.

Digital technologies are actively being introduced into the real estate market, which leads to a number of changes:

• Online platforms:  Buying and selling real estate is increasingly happening online. Real estate search platforms are becoming more and more functional, providing users with access to detailed information about offers, virtual tours and online services for completing transactions.

• Smart Homes: Smart home technologies are becoming increasingly accessible and in demand, increasing the comfort and energy efficiency of housing.
• Virtual Reality: Virtual reality allows buyers to "visit" a property without leaving home, which is especially important when buying property abroad.

Environmental requirements are playing an increasingly important role in the construction and operation of real estate.

• Energy efficiency: Construction of buildings with minimal energy consumption, use of renewable energy sources, installation of thermal insulation systems - all this is aimed at reducing the ecological footprint of real estate.

• Eco-friendly materials: The use of eco-friendly materials in construction is becoming the norm, improving quality of life and reducing the negative impact on the environment.

The future of the European real estate market will be determined by a complex interaction of various factors. Global trends, technological progress and environmental requirements will have an increasing impact on this market.

Overall, the real estate market in Europe will continue to develop, but given the current realities, its growth will be more restrained. Buyers will be increasingly demanding of quality, technological solutions and environmental characteristics of real estate.

It is important to note that forecasts may not be accurate and the property market may be affected by other unpredictable factors.

However, an analysis of current trends allows us to get a general idea of ​​the direction in which the European property market is heading.