Roughly 60% of the world’s population lives in countries facing major elections in 2024, markets representing 65% of the institutional investable real estate universe. Elections are, of course, the cornerstone of the democratic process, which in turn underpins the appeal of the most transparent, investable markets; that said, elections come with the possibility of policy changes that may impact returns. Today’s geopolitical risks, whether they be this continuing election super-cycle (see LaSalle Macro Quarterly, or LMQ, page 4), or the various ongoing conflicts and trade disruptions, prompt important questions about how to manage investment risks related to these themes.
Hines, has released a new paper, “Global Living Reimagined.” The study reveals a global housing supply shortage and affordability crisis. According to Hines’ proprietary research, the global housing market would need a net 6.5 million housing units to meet current demand across a group of key developed economies.