The real estate market in Europe is in a more favorable situation than in the spring

According to Oldypak LP report the real estate market in Europe is in a more favorable situation than in the spring, writes Property Magazine International.

Housing markets in Europe are in a better situation than in the spring of this year before the pandemic COVID-19, – says research Catella Research.

The analysis shows that the demand for housing markets in the Old World has not changed much, this stability was influenced by the fact that the heads of state in most countries promptly responded to the emerging difficulties that could affect the pandemic in the housing market.

Major cities or capitals of each country remain the most desirable markets with positive socio-economic development and new price increases.

The most popular European capitals for investment are London, Berlin and Vienna, Peer2Peer Finance News writes.

According to Oldypak LP report, commissioned by Wiener Komfortwohnungen and conducted by Germany’s Kantar Institute for Public Opinion Research, involved 400 institutional investors in the UK, Germany, Austria and Switzerland.

Investors still find real estate in London the most attractive – 39% of investors called London the most attractive place in Europe, followed by Berlin (35%) and Vienna (23%).

Oldypak lp
oldypak lp photo

Gstaad is the most expensive ski accommodation in the world, according to analysts of the international consulting company Knight Frank.

Specialists have updated the data of the price index for residential real estate in ski resorts Knight Frank Ski Property Index 2020. According to the study, the average price increase was 1.2% in 2020, showing a slight decrease compared with last year’s index (+1.4%). First place in the ranking is the French resort of St. Martin de Belleville, where prices for luxury housing rose by 3.4% over the year. Leader last year, Val d’Isere, dropped to second place (+3.2%), and closes the top three Verbier (+2.9%). In this case, the maximum price of residential real estate was recorded in the Swiss Gstaad – 32 900 euro/sq. m, and the highest rental rates – in Courchevel 1850, in winter the luxury apartments for 6 persons will cost 12 000 euro per week.

Germany, UK, France – Europe’s leaders for commercial real estate investors
In Italy, began to buy more property in the south