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EMEA Markets View

Our EMEA local market research colleagues share the latest real estate market views from their countries.

Country Market Views


We commit to keeping you up to date with relevant news as we move through 2023. We entered the year with inflationary pressure sitting over the economy and casting a shadow on the decision-making process of many investors and occupiers. 

There is a glimpse of light with inflation across the Eurozone and in the UK slowing demonstrating the impact of base rate changes by the European Central Bank and the Bank of England have had on the economy. There is a balancing act in play now as the central banks focus on their primary goal of reducing inflation to their respective target levels whilst trying to avoid causing a recession or cutting off any sign of growth. 

Whilst consumer confidence remains low, we have seen the services sector turn back to growth and positive news with the reopening of the Chinese borders to trade being viewed as the true 'end' of COVID.  

The economy of the US, which is key to the entire world, is performing better than many expected with Q4 2022 GDP growth exceeding expectations, unemployment remaining low and inflation also coming down relatively swiftly. 

There is no doubt that 2023 will once more see economic challenges that will need to be withstood. The volume of capital remaining in the market, the falling rates of inflation, continued record low levels of unemployment, the performance of key stock markets and the need to address tightening ESG legislation offer not only hope, but an expectation that the year ahead will be less depressing than the story the media have been promoting for the past 10 months.

Sector Focuses

Residential-Market-Commentary-Hereo-Banner-Small
Article

Residential Market Commentary

Political stability following Labour’s election victory, paired with an improving economic environment, creates an optimistic outlook for the UK housing market. 
Vivienne Bolla • 10/2/2024
A Life of Luxury: Perspectives from Paris
Article

A Life of Luxury: Perspectives from Paris

On a recent team work trip to meet with retailers and colleagues from our Paris office, three clear trends stood out.
Duncan Gilliard • 9/20/2023

country market views

Prague, Czech Republic
Research • Economy

Czech Real Estate Market View

A regular update on the commercial real estate market in Czech Republic.
Marie Baláčová • 4/27/2023
Bratislava, Slovakia
Insights • Economy

Slovakia Real Estate Market View

A regular update on the commercial real estate market in Slovakia.
Lukáš Brath • 3/16/2023
Rue de la Croix d'Or
Insights • Economy

Switzerland Real Estate Market View

A regular update on the commercial real estate market in Switzerland.
Robert Hauri, FRICS • 1/30/2023
Tbilisi, Georgia
Insights • Economy

Georgia Real Estate Market View

A regular update on the commercial real estate market in Georgia.
Nina Kipiani • 1/17/2023
Athens sunset
Insights • Economy

Greece Real Estate Market View

A regular update on the commercial real estate market in Greece.
Nicky Simbouras • 1/17/2023
Belgrade port, Serbia
Insights • Economy

Serbia Real Estate Market View

A regular update on the commercial real estate market in Serbia.
Tamara Kostadinovic • 1/17/2023
Looking out over Buda castle, Budapest
Insights • Economy

Hungary Real Estate Market View

A regular update on the commercial real estate market in Hungary.
Edit Jakab • 1/1/2023
Doha, Qatar
Insights • Economy

Qatar Real Estate Market View

A regular update on the commercial real estate market in Qatar.
10/27/2022
Bucharest, Romania at dusk
Insights • Economy

Romania Real Estate Market View

A regular update on the commercial real estate market in Romania.
10/27/2022
couple with face masks on Milan street
Insights • Economy

Italy Real Estate Market View

A regular update on the commercial real estate market in Italy.
Raffaella Pinto • 9/23/2022
Kazakhstan
Insights • Economy

Kazakhstan Real Estate Market View

A regular update on the commercial real estate market in Kazakhstan. 
Gulshat Sariyeva • 7/14/2022
Southwark station empty escalator
Insights • Economy

UK Real Estate Market View

A regular update on the commercial real estate market in the UK.
5/31/2022
Oslo
Insights • Economy

Norway Real Estate Market View

A regular update on the commercial real estate market in Norway.
Hans Petter Skogstad • 5/5/2022
Rome
Insights • Economy

Spain Real Estate Market View

A regular update on the commercial real estate market in Spain, reflecting all our service lines: Offices, Industrial, Capital Markets Group, Retail and Hospitality.
3/10/2022
Carros eléctricos, Lisbon, Portugal
Insights • Economy

Portugal Real Estate Market View

A regular update on the commercial real estate market in Portugal.
Andreia Almeida • 12/20/2021
Bulgaria
Insights • Economy

Bulgaria Real Estate Market View

A regular update on the commercial real estate market in Bulgaria.
Simona Luiza Mircheva • 11/23/2021
Rue Sainte-Catherine, Bordeaux, France
Insights • Economy

Covid-19 : Actualités économiques et du secteur Immobilier d'entreprise

Actualités de la crise sanitaire Covid-19, analyse des impacts sur le secteur de l'immobilier d'entreprise et plus globalement sur le plan économique en France.

Christelle Bastard • 8/24/2021
Amsterdam shops closed due to coronavirus
Insights • Economy

Netherlands Real Estate Market View

A regular update on the commercial real estate market in The Netherlands.
Jos Hesselink • 8/11/2021
Israel coast
Insights • Economy

Israel Real Estate Market View

A regular update on the commercial real estate market in Israel.
Stav Cohen • 4/20/2021
Stockholm tunnelbana station with rainbow walls, Sweden
Insights • Economy

Sweden Real Estate Market View

A regular update on the commercial real estate market in Sweden.
4/9/2021
Brussels Office Marketbeat
Insights • Economy

Belgium Real Estate Market View

A regular update on the commercial real estate market in Belgium.
3/25/2021
Immobilier d'entreprise luxembourg
Insights • Economy

Luxembourg Real Estate Market View

A regular update on the commercial real estate market in Luxembourg.
3/25/2021
E-commerce Growth Surge Card Image
Article • Supply Chain

E-commerce Growth Surge Sparks Logistics Free-For-All

E-commerce has exploded in recent years, but as COVID-19 emerged the sector has seen unprecedented growth. While many industries battled disruptions, e-commerce provides opportunity.
Benjamin Conwell • 11/16/2020
Global Office Outlook (image)
Research • Economy

Global Office Impact Study & Recovery Timing Report

An analysis of COVID-19’s impact on the office sector: forecasts and outcomes.
Kevin Thorpe • 9/22/2020
Johannesburg, South Africa
Insights • Economy

South Africa Real Estate Market View

A regular update on the commercial real estate market in South Africa.
9/16/2020
Reopening Hotels (image)
Article

Finding the New Normal in Hotel Operations After COVID-19

Hotel owners and operators are now strategizing for the anticipated continued rebound in room demand.
Elaine Sahlins • 5/28/2020
Food Halls (image)
Research

The Food Hall Model: Independent F&B’s Pathway to Post-COVID-19 Profitability

The food hall model, with its low cost of entry, could serve as a platform to relaunch many restaurant businesses.
Phil Colicchio • 5/27/2020
Asset Services Guides (image)
Research • Facilities Management

Guidelines, Considerations & Resources for Landlords & Property Managers

These guides are the foundation from which landlords and property managers can prepare their properties for reopening and minimize the impact to tenants.
5/22/2020
Australian Economic Essentials: Government COVID-19 Economic Stimulus Measures
Research • Economy

Australian Economic Essentials: Government COVID-19 Economic Stimulus Measures

The spread and economic impact of the COVID 19 pandemic is fast evolving, and as such government responses around the world are being continually updated. Download our latest briefing document to find out how these measures are impacting businesses and households across Australia. 
3/27/2020
Data Centers Covid19 (image)
Article

Technology Trends Emerging Amidst COVID-19 Disruption

In this period of disruption, the world of data centers, network infrastructure, and their effect on global commerce have risen to the forefront.
Andrew Fray • 3/26/2020
Insights

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Occupier & Investor Updates

person drawing a chart in marker on glass
Insights

The EMEA Investor Update

A regular update on the commercial real estate investment scene in Europe.
James Young • 10/27/2022
corporate-india-moves-to-next-generation-workplace
Insights • Workplace

How to leverage Facilities Services to foster a healthier more engaged workforce

How to leverage Facilities Services to foster a healthier more engaged workforce

The pandemic has accelerated an existing trend towards health and well-being. Employees want to take better care of themselves and are not willing to trade off health and well-being for salary and seniority.

Sophie Schuller • 12/15/2021

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