Supporting growth, jobs and sustainability
Real estate, as a general term, describes the built environment, which plays a vital role in every aspect of the European economy, society and environment. Businesses and society can't function without the services of commercial property, including the provision of offices, shops, factories, housing and many other forms of real estate.
The commercial property sector delivers and manages the infrastructure needed for entrepreneurship to thrive. It is therefore a fundamental source of employment and economic growth, and a major contributor in addressing two critical challenges of our time: providing liveable and functioning cities for a growing urban population and reducing the environmental footprint of the built environment.
The Property Business
There is a greater understanding of the role real estate plays in the functioning of our modern society and economy. Clearly any tax or regulatory moves affecting this vital component should be considered with the fullest understanding of everyday operation of the property businesses themselves, and the tenants and surrounding communities which will be impacted.
Listed sector: vast potential for Europe's economy
An (updated) report commissioned by EPRA and INREV identifies the pivotal role played by real estate in the European economy, stimulating economic growth and investment by employing 3.7 million people and contributing EUR 329 billion to the EU economy.