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The 20th edition of Emerging Trends in Real Estate® Europe report highlights the impact of the ongoing COVID-19 pandemic, the war in Ukraine, and surging energy costs on the European economy and real estate markets. The report predicts a slowdown in the real economy and real estate markets, with seven out of 10 survey respondents believing that Europe will enter recession before the end of 2022. The mood is uncertain, with investors facing the pressures of energy supply and internal politics. The report also highlights cities to watch and sectors to watch in the European real estate market.