Real estate convictions France

2019 assessment

What assessment for 2019?

The European Central Bank (ECB) has signalled that it will maintain a highly accommodative monetary policy of low interest rates in order to shore up Europe’s economy (cf. “La BCE à la croisée des chemins”, Primonial REIM Research & Strategy, January 2020).

Some 277 billion euros were invested in European commercial real estate in 2019, which means that the volume of capital dipped slightly (-6% year-on-year). France managed to maintain the
amount of capital flowing into its commercial real estate sector (€39bn), whereas Europe’s two biggest markets experienced downturns compared with 2018: -6% in Germany and -18% in the
United Kingdom. France’s real estate sector has a number of things going for it: robust economic growth projected for 2020, healthy domestic demand, and forecasts that French 10Y Government yields (OAT) will remain low (at an annual average of 0.1%).

 

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The team

Daniel While
Henry-Aurélien Natter Head of Research

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By phone

Primonial REIM France's Customer Service is available Monday through Friday from 9:00 a.m. to 12:00 p.m. and 2:00 to 5:30 p.m.

01 44 21 73 93

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Primonial REIM France
Direction de la Relation Client
36 rue de Naples,
75008 Paris France