24 February 2021
Real Estate Forecasts 2021-2025: Performance and Polarisation
Based on our current expectations for the progression of the pandemic and the associated economic and financial impacts, our central case for all property returns is 5.2% p.a. over the 2021-2025 horizon.
Economic performance in 2021 will be dominated by the virus and the vaccine. Vaccine progress remains encouraging. It is our estimate that society could start to normalise from Q2 and into Q3. Vaccine news has surprised to the upside so far, suggesting this time horizon could be brought forward.