Since December 2019, the world has been grappling with a vast and unexpected event: the Covid-19 virus.
The epidemic began in the city of Wuhan in China and has since spread, infecting people in over 120 countries. Based on the information available at 12 March 2020, we can make the following observations. The main sources of the virus are China (70% of cases), Italy, Iran, South Korea, Spain, France, Germany and the USA. This is a new disease, so little is known about how serious it is: its actual mortality rate, the number and age of those who may potentially be affected, how well the virus will hold up against the summer heat, etc. The characteristics of this virus make it particularly difficult to quantify because of the large number of carriers who show no symptoms.
The countries affected have introduced various precautionary measures: populations have been confined, airports, schools and universities shut, events cancelled, bans placed on travel, road and rail transport suspended, borders closed, etc. The aim of such measures is to slow the spread of the
virus and thus buy enough time to prepare a treatment, while at the same time “smoothing out” the impact on the health system’s available capacity.
Over the months ahead, governments will focus on preventing the health crisis from triggering an economic and financial crisis.
How will this affect the real estate markets and Primonial REIM's property portfolio?
The team
With a university education in local economic development, Daniel While began his career as business establishment consultant to local authorities. In 2006, he joined the Institut de l’Epargne immobilière et Foncière as analyst, and specialised in the world of unlisted real estate funds (SCPIs and OPCIs for France).
He is co-author of the book Les OPCI published by Delmas (September 2008). He joined Primonial REIM in 2017, where he held the position of Development Director, then Research & Strategy Director from 2019.
Henry-Aurélien Natter joined Primonial REIM as Research Manager in January 2018. He has the mission of developing the analyses of the Research & Strategy Department on the real estate markets, the economy and capital in France and in Europe.
Henry-Aurélien Natter began his career at Les Echos Etudes (formerly Eurostaf), then at C&W (formerly DTZ), and lastly at BNP PRE, where he acquired solid and varied experience in real estate research, strategy and finance. He is qualified with an AES degree in Business Management, a Masters Decree in management and SME management, and an International Master in commerce and marketing.
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#Weekly Covid-19 - French real estate market - a pre-opening inventory
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