COVID-19 June Update
The initial total lockdown is largely over across Europe where most countries have relaxed some of the most extreme curbs on activity.
BNP Paribas Real Estate has lowered growth forecasts and now expects a shallower recovery. The fall in transaction volume will be significant in 2020, both for investment and occupier sides. However, moderate pressure on values, especially for core markets, with a wider gap between prime and secondary segments should be expected.
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