The global real estate sector has begun to show signs of recovery after the impact of the current health emergency; however, in the short term there are factors that begin to generate uncertainty in it, such as the global geopolitical environment, inflation and even the increase in interest rates, according to the real estate firm JLL.

In an analysis of the firm specialized in real estate services and investment management, it is detailed that these three combined factors have created uncertainty in the market, for which caution is perceived after registering positive real estate investment indicators at least during the first quarter of the year. year.

“From changes in monetary policy to transportation and trade bottlenecks and labor shortages, as well as demand pressures created by companies looking to nearshore or reshore, the real estate sector has a lot to ponder. at present", details the analysis.

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Recently, the US Federal Reserve increased its interest rate by 75 base points, that is, its biggest increase since 1994, to place it in a range of 1.5% to 1.75 percent.

For Sean Coghlan, global head of capital markets research and strategy at JLL, recent investments have lifted spirits within the real estate sector globally, in line with the removal of health restrictions in recent months.

According to Coghlan, in the first part of 2022 a recovery was noted in sectors that, until the end of 2021, were still affected by the impact of the pandemic, such as the office, hotel and retail segment.

“Clearly there is now evidence of improved sentiment among investors towards those sectors as operational uncertainties subside,” Coghlan explains in the analysis.

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For JLL, part of the positive sentiment within the first quarter of the year in certain sectors comes from a relative return to normality, after the confinements caused at a global level.

Investors are focused on identifying opportunities in sectors and we are seeing that investment in offices, for example, is approaching normal levels, particularly in Europe”, details Coghlan.

Regarding the office market, JLL indicated that an increase in the demand for these spaces is beginning to be noticed, which has reduced vacancies in certain markets globally, this driven by the interest of more technology companies in renting said properties.

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