Despite persistent global geopolitical uncertainties, there have been positive improvements in the backdrop for European property investment during 2017.
The Eurozone economy has performed above expectations, growing by 0.5% in Q1 and by 0.6% in Q2. Consensus forecasts suggest that annual GDP growth for 2017 will be close to 2.0%, with Ireland, Spain and the Netherlands being among the fastest growing economies.
Fears that the series of major elections across Europe in 2017 would result in a lurch towards politicians with disruptive populist agendas were calmed by election results in France and the Netherlands.
However, a more complex German political landscape has emerged due to the improved showing of smaller parties – including the populist-right AfD – in September’s federal elections.
Source : Knight Frank