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Insights

COVID-19 Impacts for EMEA Real Estate

As the global pandemic progresses across borders and within countries our EMEA local market research colleagues will share what they are seeing on the ground.

It comes as no great surprise to anyone that turning over the calendar to 2021 hasn't seen all the bad news of 2020 being left behind. The second wave of COVID-19 has seen many countries face more challenges than back in April during the peak of the first wave.

We are in the northern hemisphere winter and the virus does seem to be more virulent during the colder weather, as we approach the spring, we anticipate a natural decline in the number of cases being seen. The other issue encountered, initially in the UK, but now in other markets has been the recognition of a mutant strain of the virus that is up to 70% more contagious than the initial variant. Thankfully, this new strain, and the other uncovered in South Africa, is no more deadly but it is easier to catch.

The positive new is of course the fact we now have several vaccines that have come through rigorous trials successfully. The UK, as of 12 January, has vaccinated 2.4million people, including 40% of over 80-year-olds. In Israel 20% of the population has already been vaccinated and the Government has committed to offering the vaccine to everyone by the end of March this year. Most of mainland Europe started vaccinating very late in December and is some way behind the UK and Israel but likely to catch up and progress quickly.  

The likelihood is that we will see a slow start to the year, January and February will see businesses reviewing their performance during 2020 and making decisions for the year ahead. From March on (unless there are further unknowns to come) we will see recovery across the EMEA region. There is an increased body of thought that, as with the Spanish Flu pandemic in 1918, we will see a volume of pent-up demand that will lead to consumer and business spending over the course of the next year and on into the middle of the decade.

Interest in the property sector is strong, many conversations are underway across Europe addressing all sectors. We know there will be more questions posed and answers given over the next few months and we welcome the chance to engage. 

EMEA AT A GLANCE

country updates 

Brussels Office Marketbeat
Insights • Economy

COVID-19 Impacts Belgium Real Estate

A brief regular update on the impacts of COVID-19 pandemic on commercial real estate in Belgium.
Cédric Van Meerbeeck • 1/13/2021
Prague, Czech Republic
Insights • Economy

COVID-19 Impacts on Czech Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Czech Republic.
Marie Baláčová • 1/14/2021
Rue Sainte-Catherine, Bordeaux, France
Insights • Economy

COVID-19 Impacts on French Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in France.
Magali Marton • 1/14/2021
Tbilisi, Georgia
Insights • Economy

COVID-19 Impacts on Georgia Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Georgia.
Nina Kipiani • 12/9/2020
Monument Accra, Ghana
Insights • Economy

COVID-19 Impacts on Ghana Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Ghana.
4/16/2020
Covid-19 Germany
Insights • Economy

COVID-19 Impacts on Germany Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Germany.
Ursula-Beate Neisser • 1/14/2021
Athens sunset
Insights • Economy

COVID-19 Impacts on Greece Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Greece.
Nicky Simbouras • 1/14/2021
Looking out over Buda castle, Budapest
Insights • Economy

COVID-19 Impacts on Hungary Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Hungary.
Orsolya Hegedűs • 1/14/2021
Samuel Beckett Bridge is a cable-stayed bridge in Dublin
Insights • Economy

COVID-19 Impacts on Ireland Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Ireland.
Aidan Gavin • 1/14/2021
Israel coast
Insights • Economy

COVID-19 Impacts on Israel Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Israel.
Stav Cohen • 1/14/2021
couple with face masks on Milan street
Insights • Economy

COVID-19 Impacts on Italy Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Italy.
Carlo Vanini • 1/14/2021
Kazakhstan
Insights • Economy

COVID-19 Impacts on Kazakhstan Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Kazakhstan.
Gulshat Sariyeva • 9/30/2020
Paradis Beachcomber Golf Resort & Spa, Black River, Mauritius
Insights • Economy

COVID-19 Impacts on Mauritius Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Mauritius.
5/7/2020
Avenida da Marginal, Maputo, Mozambique
Insights • Economy

COVID-19 Impacts on Mozambique Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Mozambique.
5/7/2020
Windhoek, Namibia
Insights • Economy

COVID-19 Impacts on Namibia Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Namibia.
5/7/2020
Amsterdam shops closed due to coronavirus
Insights • Economy

COVID-19 Impacts on Netherlands Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in The Netherlands.
Jos Hesselink • 8/19/2020
Oslo
Insights • Economy

COVID-19 Impacts on Norway Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Norway.
12/9/2020
Poland
Insights • Economy

COVID-19 Impacts on Poland Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Poland.
Katarzyna Lipka • 1/14/2021
Carros eléctricos, Lisbon, Portugal
Insights • Economy

COVID-19 Impacts on Portugal Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Portugal.
Andreia Almeida • 1/14/2021
Doha, Qatar
Insights • Economy

COVID-19 Impacts on Qatar Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Qatar.
11/11/2020
Bucharest, Romania at dusk
Insights • Economy

COVID-19 Impacts on Romania Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Romania.
4/30/2020
Zhivopisnyy Most, Moscow, Russia
Insights • Economy

COVID-19 Impacts on Russia Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Russia.
Denis Sokolov • 8/19/2020
Riyadh, Saudi Arabia
Insights • Economy

COVID-19 Impacts on Saudi Arabia Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Saudi Arabia.
Michael Moore • 4/23/2020
Belgrade port, Serbia
Insights • Economy

COVID-19 Impacts on Serbia Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Serbia.
12/9/2020
Bratislava, Slovakia
Insights • Economy

COVID-19 Impacts on Slovakia Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Slovakia.
Juraj Bronček • 1/11/2021
Johannesburg, South Africa
Insights • Economy

COVID-19 Impacts on South Africa Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in South Africa.
9/16/2020
Rome
Insights • Economy

COVID-19 Impacts on Spain Real Estate

A brief weekly update on the impacts of the COVID-19 pandemic on commercial real estate in Spain, reflecting all our service lines: Offices, Industrial, Capital Markets Group, Retail and Hospitality.
Ramiro Rodriguez • 11/25/2020
Southwark station empty escalator
Insights • Economy

COVID-19 Impacts on UK Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in the UK.
Greg Mansell • 10/15/2020
Stockholm tunnelbana station with rainbow walls, Sweden
Insights • Economy

COVID-19 Impacts on Sweden Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Sweden.
Annika Edström • 1/14/2021
Rue de la Croix d'Or
Insights • Economy

COVID-19 Impacts on Switzerland Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Switzerland.
Robert Hauri • 1/14/2021
Rome
Insights • Economy

COVID-19 Impacts on Turkey Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Turkey.
6/10/2020
Kiev, Ukraine
Insights • Economy

COVID-19 Impacts on Ukraine Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Ukraine.
Marta Kostiuk • 1/14/2021
Zambia landscape
Insights • Economy

COVID-19 Impacts on Zambia Real Estate

A brief weekly update on the impacts of COVID-19 pandemic on commercial real estate in Zambia.
4/16/2020

Occupier & Investor Updates

modern white empty office space
Insights • Occupier

The EMEA Occupier Update

An update on the impacts of COVID-19 pandemic on real estate occupiers in EMEA. 
James Maddock • 10/15/2020
person drawing a chart in marker on glass
Insights • Investment

The EMEA Investor Update

An update on the impacts of COVID-19 pandemic on real estate investment in EMEA. 
James Young • 1/14/2021

Sector Focuses

Hotel room sepia
Insights • Hospitality

COVID-19 Impacts on Hospitality

An update on the impacts of COVID-19 pandemic on hospitality real estate in Europe.
Bořivoj Vokřínek • 5/28/2020
Industrial Landing Image
Insights • Logistics

COVID-19 Impacts on Manufacturing & Supply Chain

An update on the impacts of COVID-19 pandemic on manufacturing and supply chains.
Rob Hall • 4/9/2020
Deserted Vienna street
Insights • Retail

COVID-19 Impacts on EMEA Retail

An update on the impacts of COVID-19 pandemic on retail real estate in Europe.
Boris van Haare Heijmeijer • 4/16/2020

spotlight on

Glass office facade with tree Australia
Insights • Sustainability

COVID-19 Impacts on Sustainability in Real Estate

A spotlight on the impacts of COVID-19 pandemic on sustainability in real estate. 
Andrew Baker • 4/9/2020
Mother walking in countryside with toddler on back
Insights • Commentary

COVID-19 EMEA The Power of People

A spotlight on the impacts of COVID-19 pandemic on people. 
Andrew Phipps • 4/2/2020

Interested in learning more?

Get in touch and we can assist with any additional information you need.