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”, Praemia 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%).
The team
Henry-Aurélien Natter joined Praemia 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
Real Estate Convictions : Q3 2024
In October 2024, the ECB announced its third consecutive rate cut to ease its restrictive monetary policy, and we believe that a new momentum has opened up for the European real estate market. Indeed, this quarter we have seen a thaw in certain real estate indicators.
- Market review
Real estate convictions : 1st quarter 2024
For now, European real estate professionals have been cautious and are watching for the tipping point that could occur with the announcement of the first change in direction by the ECB.
- Market review
Real estate convictions : 1st quarter 2024
For now, European real estate professionals have been cautious and are watching for the tipping point that could occur with the announcement of the first change in direction by the ECB.
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