2021 EMEA Real Estate Market Outlook

Market Report provided by CBRE

History will record 2020 as a year of convulsive change. Governments and populations across the globe struggled to control the spread of COVID-19 while also trying to manage the knock-on effects of a broad range of pandemic control measures. Hardly any area of economic or social activity has been unaffected. After some lifting of restrictions in the summer months, a rise in case numbers in the northern hemisphere winter has brought a reintroduction of at least partial lockdown measures in many parts of Europe. The duration and success of these measures, and the timing of their removal, will go a long way to determining the recovery path as we head into 2021. The recent news around the development of an effective vaccine offers some encouragement.