November Election: What Changes for Real Estate in A Policy U-Turn?
Oct 1, 2024
After a wild three years whipsawing real estate values, policy changes might be the difference between a delayed real estate recovery and an accelerated one
As real estate markets turn a corner this quarter, PGIM Real Estate continues to focus on the drivers of risks versus returns and, with that, determine which strategies are best to pursue despite still wider economic and financial uncertainty. Typically, the strategic decision is fairly straightforward – choosing the right balance between tactical short-term rental growth and the structural, more resilient, income plays. But this divide is becoming increasingly unhelpful. A third option is at hand – long-term resilient growth opportunities that reflect the ongoing structural shortfalls in development, capital spending and finance. We might call it a long-term recovery story, but this quarter it means we’re also focused on testing how resilient the demand-side of that long-term recovery really is.
In PGIM Real Estate's latest Quarterly Insights, its regional research teams examine possible outcomes for the November U.S. presidential election, potential impact on the real estate market, and outlook for the retail sector.
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