With European countries set to exit pandemic-era restrictions and move into their “post-COVID” phase by late summer, Europe’s real estate markets are well positioned to mount a robust recovery, despite the complications posed by the Delta variant, according to findings of the midyear 2021 edition of the Investment Strategy Annual (ISA), the client report published by LaSalle Investment Management.
LaSalle has identified four key factors that will have an outsized impact on individual property markets and sectors’ performance in the coming years. These drivers of performance will be particularly influential in the medium- to long-term, as the influence of COVID-19 gradually recedes and the divergent trajectories of infections within different countries become less important in determining the prospects for real estate in each market. These are:
Structural changes to European property sectors, especially office and retail, and how