● EUROPEAN PROPERTY MARKETS NEWSEC PROPERTY OUTLOOK • AUTUMN 2020
EUROPEAN PROPERTY MARKETS MIXED FORTUNES
Sukhdeep Dhillon, Senior Economist & Associate Director, BNP Paribas Real Estate
Since 2012, Newsec has been a BNP Paribas Real Estate Alliance Partner, which gives Newsec access to an international network of clients and relevant connections. The alliance allows for both Newsec and BNP Paribas to expand coverage, and help to advise you and drive your real estate strategy internationally. world. Lockdowns and restrictions hit economies, industries and livelihoods hard. As a result, records were broken, all for the wrong reasons. Investment activity grinded almost to a halt.
kets pick up fully in Q4. Nevertheless, 2020 will see a sharp reduction in transaction volumes across Europe. Cross-border transactions have been impacted hugely by restrictions.
With restrictions now eased, and hopefully the worse of covid-19 behind us we do expect activity to regain some momentum in Q3 before mar-
Flight to safety The “flight to safety” became a feature of the previous financial crisis, whereby investors were cautious and
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Mixed Fortunes Most European markets witnessed solid investment activity in the first quarter of 2020 with some even witnessing higher volumes compared to last year. Total volume of investment in Q1 was €69 billion, 46% higher than Q1 2019. It is safe to say no one truly anticipated the impact covid-19 would have across most parts of the
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