Between exhaustion and uncertainty. What’s the assessment of the real estate market in Europe?
Growth of the GDP in the Eurozone remained low at the end of 2018, and the latest indicators suggest a further fall in 2019. The customs duty increases decided by the United States and China are likely to have a further negative effect on business in early 2019..
Coming very close to technical recession, Germany has suffered from the introduction of new antipollution standards and the slowdown in the global car market. Italy is not spared, with the sovereign and financial risks encumbering domestic demand and the financial markets.
A messy withdrawal of the United Kingdom from the European Union and a more pronounced slowdown of China are factors that could entail a deterioration to the current activity forecasts.
Henry-Aurélien Natter, Research Manager at Primonial REIM, reviews the various markets.
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.
- Market review
Primonial REIM real estate convictions : 3rd quarter 2023
A new phase is taking shape, with the ECB's stated intention to leave rates unchanged, thereby giving investors greater visibility.
- Market review
Real Estate Convictions Europe : 2nd quarter 2023
Although some economies contracted towards the middle of the year, global growth could prove more resilient than predicted over 2023 as a whole. Despite continued high levels of uncertainty, several positive factors for the economy have emerged.
- Market review
Real Estate Convictions Europe : 1st quarter 2023
The unexpected resilience of the European economy has led to an improvement in the business perspectives for 2023. However, the ECB has once again chosen to increase its interest rates to limit the impact of inflation, which is expected to decrease by the end of the year.
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