Empira Group Research: Economy & Real Estate Quarterly View 2024 / Q4
- Real Estate Market
The German economy continues to show clear signs of stagnation, while complex global challenges are emerging that influence both national and international markets. Despite a weakening economic environment, there are initial signs of stabilization in the real estate industry, particularly with regards to demand and price trends.
The study focuses on the DACH region, which exhibits diverse economic realities. While Germany continues to struggle with declining growth and structural weaknesses, Switzerland appears more stable, supported by a strong export sector and dynamic construction activity. Austria, on the other hand, is affected by a prolonged recession, particularly impacting the construction sector.
In the global context, economic development remains marked by geopolitical tensions and high political uncertainty. At the same time, the U.S. real estate market is stabilizing, while European real estate markets continue to face regulatory hurdles and supply shortages.
This study aims to provide insights into recent macroeconomic developments and their impact on the real estate sector. It examines the current state of the markets, analyzes the underlying macroeconomic factors, and offers forecasts for the coming years. Special attention is given to residential real estate markets, whose stabilization in Germany and the U.S. is emerging despite global uncertainties.