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COVID-19 and the consequences

German Real Estate Market - March 2020

Report

Autoren: Matthias Pink , Marcus Lemli

Reihe: Savills Market in Minutes

Anbieter: Savills

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  • Erscheinungsdatum : 13.03.2020
  • Seiten : 2 Seiten
  • Datei-Typ : PDF-Datei
  • Größe : 101,49 kB
  • Sprache(n) : Englisch

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Inhalt

The coronavirus pandemic has the financial markets and, increasingly, public life in many parts of the world firmly in its grasp. It is now clear that the spread of COVID-19 can no longer be prevented but merely delayed. The virus will undoubtedly leave its mark on the German property markets. Savills is already witnessing the first effects in the form of delayed transactions. In view of the inertia in the markets and the low data density, however, most consequences are only likely to become apparent slowly and, in some cases, at a significantly later date. The consequences that will certainly arise and the extent to which they do so depends strongly on the proliferation of the virus going forward. In view of the complex chain of effects, however, this is difficult to predict. Nevertheless, or perhaps for this very reason, Savills would like to set out a framework for orientation and identify some potential effects in both the short and long term, some of which are based upon our observations in the Asian markets and Italy. This is a snapshot that Savills may revise at a later date.

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