The video discusses the state of real estate in Europe, highlighting the challenges of building in European cities due to urban constraints. It explores the impact of Brexit on the real estate market, particularly in London, where currency devaluation has influenced investment decisions. The discussion includes the potential repricing of assets and the risks associated with transitional assets in the UK market.

What are some challenges in building real estate in European cities?

• Limited demand for housing

• High labor costs

• Small urban cores and height restrictions

• Lack of construction materials

How did the global capital react to the Brexit vote in terms of London real estate?

• They focused on other European cities

• They considered London cheap due to the devalued pound

• They saw London as an expensive market

• They avoided investing in London

Why was the pound considered cheap after the Brexit vote?

• Because of anticipation of Brexit's impact

• Due to high inflation rates

• Due to a strong UK economy

• Because of increased foreign investments

What is the expected repricing range for London real estate?

• 15 to 20%

• 25 to 30%

• 5 to 10%

• 1 to 3%

What should the expected rate of return for transitional assets reflect?

• The demand for core assets

• The historical performance of the assets

• The risk associated with these assets

• The stability of the market