Investors cite rising interest rates, a potential recession, and limited credit availability as their greatest challenges this year, according to CBRE's 2023 Investor Intentions Survey.
CBRE forecasts that the 2023 investment volume will decline by 15% from last year. As interest rates and economic conditions stabilize in the second half of 2023, it expects investment activity will increase.
CBRE's 2023 U.S. Investor Intentions Survey finds that nearly 60% of the respondents expect to purchase less real estate in 2023, while only 15% expect to purchase more. Almost half of the respondents say they expect to decrease purchasing by more than 10%.
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