Investment Property Forum European Consensus Forecasts (May 2018) Report
20 organisations contributed data for some or most of the 30 locations covered in this first survey of 2018. All forecasts were generated three months of the 25 April survey date.
Key points include:
- Madrid and Berlin continuing to feature as the leading locations for growth in 2018 and 2019. All four German markets covered by the survey are anticipated to deliver above average growth throughout, including over five years;
- The near-term impact of Brexit on the central London markets appears to have eased, with current year averages for the West End and City of -2.5% and -3.0% respectively (from -3.6% and 3.9% in November). Despite an expected return to positive growth in 2020, the three year annualised averages remain sub-zero but are weakly positive over five years;
- With the exception of London and Manchester, the trend of lower growth year-on-year is maintained, although the substantial majority of forecast averages for 2018 and 2019 have improved over the six months since the last survey (in 24/25 instances for 2018/2019).