The real estate industry is always changing, adapting, and evolving. In a market like this, if we don't keep an eye out for the latest trends, we will not be able to take advantage of these events.
On the 8th of September, the "93rd PIFW: an ultimate guide for investing in real estate in 2022 - everything you need to know to make money" took place. During this summit, knowledgeable and successful real estate investors shared valuable insights into possible real estate trends for 2023. Today we will discuss those forecasts and what would be the best course of action for those scenarios.
During the Summit, Russell Deakin, the MP of Aceana Group, mentioned that to get a picture of which rates are going up, we have to deeply analyse our market. When we think ahead and envision the future, we have to ask ourselves, "If you have any debt that's being refinanced, how is that going to affect your evaluations? How do you pencil a new project in?". He quoted Wayne Gretzky saying, "You look for where the puck is going to go, not where it is," and that's exactly what Russel does as an investor. Russel mentioned exciting changes in the prices of the retail and rental markets, and by the looks of it, they will continue to change, so his advice is to keep an eye out for that.
Brian DeLucia, a member of Arrivato, a Single Family Office, stated that nowadays, some folks are waiting for once-in-a-lifetime opportunities, waiting to get stuff at 30 - 40% on the dollar. Brian doesn't believe those opportunities are going to exist anytime soon. Brian's suggestion is to keep following migration trends, demands for housing, renting and so on, because those markets have been going up. He believes they will continue to scale up even more, now that there are a lot of opportunities happening such as manufacturing being restored which is creating massive job opportunities. Brian's recommendation is to watch out for those markets.
Elaine Chow, MD of Trinity Capital, said there is going to be a massive development trend for any countries that have a shortage in terms of building thanks to the rental income increase and therefore the development of this market has benefited from that. Countries like the US that have a lot of rent to build properties will benefit from this trend. Elaine also mentioned that residential properties had grown exponentially these last few years, and advises to be on the lookout for that.