TEXTE FRANCAIS EN BAS DE POSTE
Dear valued partners and colleagues,
As we step into 2025, I wanted to take a moment to reflect on the past year and share my thoughts on the exciting opportunities that lie ahead for us in the real estate and construction sectors.
2024 was undoubtedly a year of challenges and adjustments. We saw transaction volumes decrease and construction activity slow down. However, true to the spirit of our industry, we adapted, innovated, and persevered.
Looking ahead to 2025, there are promising signs on the horizon:
- The construction industry is projected to grow steadily, with a forecasted CAGR of 2.6% through 2028.
- We anticipate a return to growth in the construction sector, with the PMI expected to rise above 50 points.
- Mortgage rates are predicted to become more favorable, potentially dropping below 2.5%.
- The French real estate market is expected to grow by 3%, driven by increased foreign investment.
These indicators paint a picture of resilience and recovery. While challenges remain, they also bring opportunities for those ready to seize them.
At BSpoke Hospitality, we're excited about the potential for innovative projects, sustainable developments, and creative solutions in both construction and hospitality. We believe 2025 will be a year of transformation and growth.
As we embark on this new year, let's embrace the spirit of adaptability and collaboration that has brought us this far. Together, we can turn challenges into opportunities and create remarkable spaces that enhance lives and communities.
Here's to a prosperous 2025 filled with successful projects, fruitful partnerships, and continued growth. May this year bring you success, fulfillment, and exciting new ventures.
Wishing you and yours a Happy New Year!
Yann Crine
BSpoke Hospitality
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