Q2 2025 Pulse Survey reveals latest trends in the attractiveness of core markets to investors

It follows a year of elections around the globe, which has seen new governments come to power in key infrastructure investment markets in North America, Europe and beyond - including the United Kingdom, France, Germany, European Union, America, Canada and Australia, as well as Belgium and Ireland.

All of this means the early part of 2025 continues to reflect uncertainty as new policy agendas become clearer and take effect. The path forward in Europe is clearer and more conventional, with sentiment towards several key markets improving. However, the more recent changes in administrations in North America, and associated policy and trade tensions, have left some investors pausing investment decisions while they assess what it all means for the longer-term. 

Sitting in the middle of the attractiveness graph is the UK, where a sentiment that appears to be ‘neutral’ in fact paints over what is actually a continuing disparity of investor views, depending on the degree of their exposure to the water and electricity sectors, where some regulatory and policy issues continue to impact investor confidence.

GIIA’s Pulse survey - conducted by Alvarez & Marsal - is the only one of its kind that seeks to measure the sentiment of infrastructure investors towards markets around the world; results from the next survey are due later this year.