There's increased confidence in global real estate, 179 commercial real estate professionals internationally told the Duff & Phelps Real Estate Advisory Group (REAG) in a recent survey.
"More than three quarters say they are either slightly (45%) or much more optimistic (31%) about the future of the real estate sector compared with the onset of the pandemic in March 2020," the Duff & Phelps poll reported.
For signs of increased confidence, the survey pointed to 14% of professionals seeing a global recession as the biggest risk, down from almost two thirds (64%) worried about the prospect in 2020 and fewer than one in ten (8%) still feel the pandemic is the biggest risk facing real estate in their region, down from a quarter last year.
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