A total of 53 investors participated in the survey which we conducted between the 6th and 17th May in Despite record low base rates, risk premiums are rising and availability of finance to complete CRE deals is shrinking, which may impact pricing.
Consequently, an increasing number of businesses are already The State of Emergency will end on 2 May and is not expected to be extended for a third time. According to a survey by INE and the Bank of Portugal, and comparing with pre-COVID-19 expectations, 77% of firms continued to report a negative impact on turnover during the first half of May - of more than 50%, for 35% of those companies. Please see our The most popular hotspots for Britons all year-round are in countries such as Spain and France, which rank extremely highly for coronavirus cases and deaths. Nevertheless, several future projects may be postponed or even cancelled given the current market uncertainty.
order back issues and use the historic Daily Express Portugal Portugal has so far had comparatively few coronavirus cases. On its own, that’s positive for the housing market (meaning prices … Related Topics Housing market See today's front and back pages, download the newspaper, While the number of active cases in Portugal continues to decrease from its peak in mid-July, recent publications by the National Statistics Institute (INE) demonstrate the significant impacts of the current pandemic: With the number of active cases in Portugal reducing over the past few days, further easing of the lockdown measures took place, particularly in 19 boroughs of the Lisbon Metropolitan Area, with the entire region now under a State of Contingency. The bank expects a relatively limited impact on residential real estate, with the construction sector being one of the less affected by the pandemic; but a collapse in tourism-related services (60% drop in 2020), with persisting effects until 2022. The state of emergency was extended until 2 May, but already allows for a gradual and phased reopening of some retail establishments, services and companies. The country has so far recorded 657 deaths, a fraction of the UK’s death toll. Coronavirus: Impact on the Global Property Markets Developments are extremely fluid, and tremendous uncertainty remains regarding how broadly the virus will spread and what its ultimate impact will be on public health, economic growth and financial and real estate markets. From 18 May F&B units (with new social distancing rules) and larger shops (up to 400 sq m, with street access) could open. The Government recently presented the Economic and Social Stabilisation Program, which includes further fiscal measures that, alongside the already implemented measures and the European aid package, should assist the country in responding to the effects of the pandemic and help spur a recovery. We will use your email address only for sending you newsletters. Make the most of your money by signing up to our newsletter for UK coronavirus borrowing could soar to £300bn this yearUK economy: Terrifying graph shows how Britain has been left behindThe coronavirus crisis will impact heavily on the price of European holiday homes “People are talking about 10, 15, 20 percent decreases in prices.Holiday home prices in Spain could plunge by as much as 20 percent Property hell: Coronavirus to destroy 520,000 house sales How has the coronavirus pandemic hit the property market in your area?The Spanish holiday home market has been hit hard by the coronavirus crisis The outlook in France is less bleak, with the property market regaining some traction The holiday home market could deteriorate in the Alps The holiday home market is also suffering in Portugal