Real Estate Convictions: Asset Manager’s view of the European real estate markets (May 2021)

While the pandemic has killed more than 3 million people worldwide, India has become the new epicentre of the epidemic where the situation is particularly worrying. The world’s largest economy, the United States, is outlining what the rebound of developed economies will look like in a vaccinated world that is being fuelled by a massive stimulus package to ensure recovery.

Although the horizon is brightening for those economies that have the capacity to achieve herd immunity quickly and are able to implement major recovery plans, the ground that still needs to be covered before the «light at the end of the tunnel» is seen, differs greatly from one country to another. The rebound in activity (+6.1% in 2021) will be guaranteed provided that vaccination campaigns are successful and the health risks that variants could cause are eliminated.

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