As part of our strategic partnership with BNP Paribas Real Estate, we share the European Property Market: Outlook H2 2022report.
We highlight some of the main points of the analysis lead by Samuel Duah, Head of Real Estate Economics, at BNP Paribas Real Estate:
- The general view is that the European economy is going through a pivotal moment in 2022, with changes in the real economy and financial conditions. The age of abundance – cheap labour, money and energy – appears to be coming to an end, with implications for pricing, wages and interest rates.
- For real estate, the changing economic landscape promises to reset market norms away from what we have been used to since 2008. The near term promises a price correction that will set a base camp for the next cycle.
- We expect real estate to remain relatively attractive against other asset classes, but investors will have to accept a lower level of return, in general, than they have been used to in the past two decades.
Download the European Property Market: Outlook H2 2022 report and learn more about the current view and forecasts for the coming years regarding the key metrics across markets and sectors in Europe.