Cautious Optimism in Real Estate Amidst Geopolitical Uncertainties

Real estate developers and financial institutions maintain cautious optimism for the next six months due to geopolitical uncertainties, as reported in the Knight Frank-NAREDCO Real Estate Sentiment Index Q2, 2024. The sentiment index shows a slight decline, reflecting a more conservative outlook influenced by elections, budget speculations, and macroeconomic factors.

Real estate developers and financial institutions remain cautiously optimistic about sectoral growth in the next six months, amid geopolitical uncertainties, according to the latest Knight Frank-NAREDCO report.

The 41st edition of the Knight Frank-NAREDCO Real Estate Sentiment Index reveals a moderated current sentiment index score of 65, down from 72 in Q1, 2024, and a future sentiment score of 65, down from 73.

This sentiment dip, driven by election and budget speculations, suggests a positive yet tempered outlook as stakeholders anticipate potential macroeconomic developments while noting resilient activity in residential and office markets.

(With inputs from agencies.)