At the end of 2020, the residential property prices in Spain, Ireland, Italy and the UK can be reduced by 3-3. 5 percent, according to the portal Noticia.ru with reference to data of rating Agency S&P.
In Portugal, the drop will be 2.5 percent in Belgium, France and Germany — 1.2-1.4 percent, analysts predict. According to them, the overall price growth on the European housing market is not expected before 2022. The exception will be Switzerland, where even in 2020, despite the pandemic coronavirus, the property can rise by 0.5 percent.
In General, experts S&P are set on the European housing market is less pessimistic than before. They predict the sector of a fairly rapid recovery after a major crisis caused by COVID-19.
Earlier, in April, it was reported early sales of property in Italy and France. According to the observations of realtors, in General, in the context of pandemic coronavirus from the beginning of March 2020 increased the number of foreign villas and apartments for sale with a discount up to 30 percent. But despite the start of sales, the number of applications for the purchase of real estate abroad in March declined.
