Real estate markets across the globe will benefit from a repeat of the economic boom of the 1920s as countries emerge from the COVID-19 crisis.
M&G Real Estate says consumers have accumulated significant savings in many markets, while governmental and central bank fiscal stimuli have created a climate that strongly favors economic and business expansion. At the same time, the implementation of global COVID-19 vaccination programs is restoring confidence among consumers.
In Europe, open-market trading economies such as Germany and the Nordics are likely to lead the continent’s recovery, following a boost from global market exports and the restart of trade with China. Recovery across Southern Europe is likely to be slower, but a boost in tourism — alongside the impact of major national economic stimulus programs — could pave the way for a late-cycle rebound.
“It feels as if the sheer scale of consumer demand waiting to be unleashed may trigger a phenom
