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What drives global real estate markets?

Panoramic view from Victoria Tower on Houses of Parliament and London skyline at night, London, UK

NAIROBI, KENYA: A Cushman & Wakefield report, Winning in Growth Cities, quotes the World Economic Forum (WEF) as positing that the main mega-trends relevant to cities are demographics and include urbanisation, the rise of the middle class and changing lifestyles.

These, according to WEF, are exemplified by the growth of Millennials or Generation Y.

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WEF Generation Y