20:07 19 June 2024
ECB Rate Cut Expected to Boost Real Estate Prices
Marcin Sulewski, head of JLL's capital markets and office real estate department, anticipates that the European Central Bank's recent decision to reduce interest rates will positively impact the real estate market. Lower financing costs and increased market liquidity are likely to stimulate investor interest, potentially leading to higher property prices, as stated in a JLL press release.
Following the ECB's 25 basis point rate cut in early June, Sulewski highlighted investor readiness to capitalize on what they perceive as a timely opportunity. He also noted global expectations that the Federal Reserve may implement one or two rate cuts this year, further supporting real estate markets worldwide.
Sulewski referenced insights from Steve Schwarzman of Blackstone, indicating a favorable buying window for real estate investments. Blackstone's recent USD 20 billion investment in real estate underscores their confidence in future market conditions.
Source: stooq.pl
