Top European cities for real estate market resilience to COVID-19
London, Paris, Berlin, and Frankfurt have been unveiled as the four most sustainable cities for real estate investments at the moment based on a range of metrics including liquidity. These cities are expected to recover faster than others and significant volumes of real estate investments are expected.
According to Europe Real Estate (REP), the UK, France, and Germany captured a larger share of real estate investments in Q1 2020 than during the same quarter in 2019 (73% vs. 63% of the total transaction volume respectively).
According to Marcus Lemli, CEO Germany and Head of Investment Europe at Savills, there’s more to this ranking than meets the eye. “While established cities such as London, Paris, and Berlin all feature in our top ten list of resilient cities, investors’ flight-to-safety is the theme that really stands out for me. With four cities in the top ten, Germany’s status as a safe haven for investors could be enhanced due to the COVID-19 crisis. Furthermore, we believe that smaller markets such as Stockholm, Gothenburg, and Oslo will prove more resilient especially due to less expected volatility“, he explains.