Europe’s property leaders remain resolute in their belief in real estate as an attractive investment asset class despite strong political and economic headwinds.

The threat of a global recession, escalating trade tensions between the US and China, and continuing uncertainty over Brexit have all clouded sentiment among Emerging Trends in Real Estate® Europe’s survey respondents and interviewees.

There are consequently question marks against the European economic outlook for 2020 although the industry draws comfort from central banks’ decision to maintain or cut interest rates – a significant change in direction from last year’s report and already a big boost to investment.