Inside the Report
2021 was a year of recovery from pandemic challenges and a beginning of the new normal. Prices and rents mostly recovered to pre-pandemic levels with record-breaking sales volumes and values. The outlook for 2022 is cautiously positive due to local and global pandemic dynamics and over-supply fears. Generally, prices and rents are expected to grow at a slower pace, though some highly desired prime locations are expected to see capital values reach their past 2014 peaks. However, as of mid-December ’21 the global situation with spread of the Omicron variant presents further questions as to how 2022 will actually un-fold.
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