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Rebound and Remodel

Welcome to our Rebound & Remodel CMS Insights section. The unprecedented circumstances brought about by Covid-19 mean that we all face a somewhat unpredictable future. However, there are a number of tools businesses can deploy to adapt to future challenges and make the most of opportunities from what is often referred to as ‘the new normal’.

Rebound & Remodel – Preparing for a return to growth

In this section we will be sharing insights on future trends and practical recommendations on tools to assist businesses on a path to future growth. We examine opportunities and risks that are current or that will likely arise in the coming months. The papers published here provide a cross-disciplinary view on a range of issues and scenarios businesses are having to navigate in relation to financial resilience, investment and transactions, people, supply chains, property and facilities, contracts, projects, technology, data, risk and reputational issues, and disputes. 

CMS will be sharing a wide range of content in this Rebound & Remodel insight section which we hope you find useful. We also invite our clients (both existing and potential) to join the debate and contribute their thoughts about our Rebound & Remodel insights either by contacting us directly or via LinkedIn or Twitter.

 

 

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28/06/2023
Tomorrow
Taking the long view Even in challenging times, real estate investors continue to have a strong degree of confidence in the future of the sector.
14/06/2023
London
The majority of UK real estate professionals continue to believe that London is overvalued. As our chart shows, this is very much business as usual. Over the past eight years, only 2021 - when investors began to wonder what a post-covid market might look like - has challenged the status quo. Even then, what we saw was only a significant narrowing of the gap, not a reversal. In this year’s polling, 62% of our respondents feel London is overvalued, as opposed to 6% who believe it is undervalued. These are the most bearish numbers we have seen since pre‑Brexit days.
14/06/2023
Sustainable offices and EPC requirements
Investors may be moving towards the view that making offices sustainable does not necessarily equate to higher costs for occupiers.
14/06/2023
The view from the UK
Every year we ask a cross-section of leading UK real estate professionals for their views on the market. This year we polled 270 experts, including 62 investors and 54 developers. In many ways they share the outlook of the global investors we surveyed, with long-term confidence tempered by short-term concerns. Overall, 38% reported feeling optimistic about the market, while 34% describe themselves as neutral and 28% are pessimistic. Although positive, this take on the market is unsurprisingly more cautious than the one we found 12 months ago, with sentiment falling back to levels last seen at the beginning of the pandemic as the more bullish outlook of the past two years recedes.
14/06/2023
Global cities
As our chart shows, the genuinely ‘global’ cities remain the most appealing (albeit by slim margins), with the top four slots going to London, Paris, Tokyo and New York.
14/06/2023
The big picture
Despite a difficult year and an uncertain outlook, we found strong underlying positives among investors globally.
06/06/2023
Other UK cities
Looking at the rest of the UK, Manchester still remains on top of our ranking of regional cities, popular with 58% of UK professionals.
06/06/2023
Asset classes
Given the strong demand/supply imbalance, it is no surprise to see ‘living’ asset classes take the top spots when professionals are asked which sectors they favour.
06/06/2023
Technology
Many in the real estate industry are keen to embrace technological innovations, including the latest green technologies.
06/06/2023
Future Planning?
One thing nearly all our UK respondents agree on is that the planning system is not working and needs investment. A massive 90% say the system is slowing down real estate development, while 93% reckon it is under-resourced.
06/06/2023
Survey methodology
Investors (online polling between 28 April and 3 May 2023) n=1,002 global institutional in­vestors. Res­ults were weighted by region to ensure comparability with previous results. In­dustry (on­line polling between 21 April and 10 May 2023) n=270 professionals in the UK real estate in­dustry. Res­ults were weighted by role to ensure comparability with previous results.
06/06/2023
Finance
There is general agreement that, in the short term, financing is getting harder – with 70% of UK real estate professionals believing it will become more difficult to access debt over the next 12 months.