Although several European countries remain dealing with property and economic crises, international investors remain bullish about the European real estate market, שטחים למכירה driving further growth in several European property markets into 2018 — with the exception of the UK, which can be experiencing a post-Brexit uncertainty. Taking into consideration the uncertainty in the European property market, is buying property in Europe still attractive? And, most importantly, השקעות נדלן בחול can investors expect an excellent return on the real estate investments in the current climate? As Head of the Real Estate Investment Strategy at BNP Paribas Fortis, Pol Robert Tansens has expertise in your community of wealth management. Mr Tansens talks about the major European real-estate trends and the outlook international buyers can get when they choose to purchase property in Europe. BNP Paribas Fortis offers a comprehensive network of specialised branches for expats, with extended opening hours. Their specialist multilingual advisers are pleased to answer all your questions whenever it suits you best. Why are real estate investors still flocking to Europe? Just many years ago, individuals were predicting the conclusion of Europe — especially the finish of continental Europe — but we have still seen ever-increasing property prices as investors flock to the markets, particularly in the main cities in Germany and, now, several Nordic locations. But real estate markets in Europe, whether commercial or residential, are in reality very expensive. Considering that crises are high and property assets are trading at incredibly low property yields, this makes the underlying value of properties very high. So how how is it possible that a continent experiencing modest economic growth with a still-low inflation — though improving, albeit slowly — continues to attract investors from all over the world? The clear answer is easy: it’s all linked to the monetary policy of the European Central Bank (ECB), and it’s nothing to do with real estate. With the ECB’s loose monetary policy of keeping interest rates artificially low — in early September 2017, in fact, the ECB decided to help keep interest rates at 0.00% for an “extended amount of time”— investors don’t see any other possibility than investing in real estate. Buying stocks could be too risky since they are volatile, and bonds are costly considering yields are still hovering around suprisingly low levels. Even if it is expensive and the yields are not high, real-estate still offers a cash yield or even a net rental income of a few percent, which is really a high return in comparison to zero interest offered on other assets. But, in ways, it can be dangerous that property prices are supported by this monetary policy of the ECB. The truth is that some emerging markets are in big trouble with declining growth rates, turmoil, lower commodity prices and rstate volatility in currencies. Rich investors from emerging markets are turning to Europe because they’d to diversify because of such problems. For a continent which was a whole write-off less than the usual decade ago for investors, those same investors are now buying Europe. Everything we have been predicting is the actual opposite: you will find property markets performing well generally with a lot of international capital flows. In essence, property is equivalent to a secured bond, particularly if you buy in the prime property markets in Germany, for example. But anywhere in Europe, השקעות נדלן בחול you still have the prospect of a better economy and higher inflation positively influencing your investment. This is the primary reason why real-estate in continental Europe and recovering markets has performed so well.