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Latest RICS survey offers little sign of recovery

The latest RICS survey offered tentative signs that we could be past the worst of the property downturn in Europe, as both occupier and investment demand balances picked up slightly. However, the big picture remained one of a very weak market. Investor and occupier sentiment languished at close to rock bottom – consistent with our view that rent growth will slow and values will slide further in 2024.

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