The Covid-19 pandemic has become the impetus for transformation within the UK hotel market, with a greater focus on sustainability and experience-led hospitality.
The rental market for warehouse, industrial and logistics properties in Berlin has delivered its best quarterly result since records began, according to sector-specialist Realogis.
Although Covid-19 restrictions began to ease in Q3, the rental market in the capital still struggled to recover, with the average London room rent down 7 per cent, from GBP780 in Q3 2019 to GBP725 in Q3 2020.
According to Savills latest research, German office vacancy rates have risen for the first time in years, a trend that is likely to continue over the coming months owing to economic and structural developments.
Commercial real estate investment hit a six-month high in September with GBP3.2 billion being transacted during the month, the highest figure since March 2020, reports Colliers International.
According to recent RCA figures analysed by Savills, German and French investors are on track to allocate more capital to real estate than last year in a number of European countries.
According to Savills, the German residential property market has been almost unaffected by the Covid-19 pandemic this year. Transactions involving properties with at least 50 apartments changed hands for approximately EUR15.8 billion in the first three quarters of 2020. This represents an increase of 29 per cent year on year as well as a 29 per cent increase on the five-year average.
The Nordic real estate markets have shown resilience in 2020, despite the economic turmoil caused by the coronavirus pandemic, according reseatrch by Catella.
Duff & Phelps, a provider of governance, risk and transparency solutions, has published a survey revealing that nearly four in 10 investors (39 per cent) expect commercial real estate assets to fall between 5-10 per cent in value in 2020, whilst nearly a third (31 per cent) predict a fall of 10 per cent or more as a result of the pandemic.
According to Savills, the German commercial real estate investment market recorded a transaction volume of EUR41.1 billion in the first nine months of the year. This is in line with the five-year average and represents a decline of only 9 per cent year on year.