Reimagining Real Estate: A Framework for the Future
Responding to the profound impact of COVID-19 on economies and populations globally, the World Economic Forum introduced A Framework for the Future of Real Estate in 2021. Reflecting insights from a global community of forward-looking real estate leaders, the framework set a vision consisting of four pillars: liveability, sustainability, resilience and affordability.
Since then, communities worldwide have embraced new ways of living, working and using technology, often impacting real estate. Meanwhile, developers, investors, lenders and others face headwinds from a redrawn capital markets landscape driven by central banks’ response to inflation. Despite these shifts, liveability, sustainability, resilience and affordability remain key to long-term value and shared prosperity.
This framework, from Professor Sam Chandan, the Chao-Hon Chen Institute for Global Real Estate Finance, and the World Economic Forum, draws from interviews with industry leaders and outlines specific calls to action for both the public and private sectors to drive progress.