Coronavirus Has Hit Some European Real-Estate Markets Harder Than Others - Jonathan Cartu Industrial & Residential Real Estate Firm
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Coronavirus Has Hit Some European Real-Estate Markets Harder Than Others

Coronavirus Has Hit Some European Real-Estate Markets Harder Than Others


As coronavirus sweeps across Europe, economists say that gross domestic product has dropped by 3.8% for the first quarter of 2020 for Eurozone nations, a steeper drop than that in the U.S. economy during the same period. But the impact of the pandemic on real estate in specific international cities has varied widely: Some have come to a grinding halt, while others are using technology to carry on buying and selling—albeit in lower volumes than normal. Attitudes range from “keep calm and carry on” in Austria to fears that the pandemic will leave a crashing market in its wake in Russia and encourage Spaniards to sour on…

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