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By David SYENAVE, Partner, MA Real Estate and André MACHADO, Partner, International Tax and Transaction Services, EY Luxembourg
In 2023, the real estate sector wrestled with the impact of surging interest rates, resulting in price contractions and caution within the mortgage market. The market continued in a phase of uncertainty, transaction activities slowed down due to pricing and valuation disparities, and the potential of the non-performing loan (NPL) market’s resurgence loomed. However, as we set our sights on 2024, a glimmer of hope emerges, with specific asset classes experiencing price adjustments that may herald a transaction revival. Furthermore, the fund landscape witnessed a notable rise in the launch of debt funds, driven by the anticipation...
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