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?
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.
After a successful internship in Primonial REIM France's Research and Strategy team, Adrien Isidore joined the team as an economist-statistician in late 2020. Adrien holds a Master's degree in Economics and Statistics from Panthéon-Assas.
Adrien Isidore decided to become an economist after an exchange program in Australia during which he worked in international research groups on various projects, giving him a taste for research. He also holds a bachelor's degree in economics and a university degree in mathematics and finance. His role is to propose innovative statistical tools and to write studies on different countries while providing support in the structuring of the department at the European level.
You may also like
The post-covid office in Europe: Disruption or acceleration?
Companies have scaled up partial or total remote-working practises and, in reaction, employers have taken another look at their real-estate policies, and employees at their lifestyles.
Les fonds immobiliers non-cotés face au deuxième tour de la crise : la résistance des valeurs
La question des valorisations immobilières se pose, au regard du nouvel environnement économique. C’est la situation des fonds immobiliers non cotés (SCPI, SCI, OPCI) que nous examinerons plus particulièrement, en positionnant les stratégies de Primonial REIM dans cette analyse.
#Weekly Covid-19 - French real estate market - a pre-opening inventory
week 4th au 8th may 2020. The main European countries have announced their reopening dates and procedures. What does the dashboard look like for real-estate investors ?