There is much to hope for: a less divided Britain; clarity as to our future with Europe; and a recognition that, despite a trend of nationalism around the world, there is much to be gained from an international approach.
I hope a clearer picture of the future emerges, enabling us to make more progress over the next 12 months, and that attention shifts away from Brexit towards growing our economy and tackling issues such as housing.
If the past couple of years have taught us anything, it is that we should expect the unexpected. Further turbulence seems likely, at least in the first half, so it will be more important than ever to analyse opportunities on their real estate fundamentals, prioritising sectors and assets that will be resilient regardless of the wider market.
A tougher, more unpredictable economic environment is likely to spell difficulty for some and this may lead to opportunity for strategic, experienced and creative investors that can take a long-term view.
Resolution: 2018 was a year of tremendous growth for us. In the US, we bought the Beverly Hilton and Waldorf Astoria Beverly Hills and sold our stake in sbe to Accor. In Europe, we’ve expanded into six gateway cities. In the UK, we bought Fortwell Capital and invested in Swingers.
My resolution for 2019 is to keep up this momentum, while also finding time to spend with family and friends.
Jonathan Goldstein, chief executive at Cain International
2019 forecasts: what lies ahead
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2019 forecast: Jonathan Goldstein (Cain International)