The outlook is brighter: the market could see a sustained recovery from Q2 onwards

There are reasons to be cheerful despite the ongoing pandemic and the multiple lockdowns, Oliver Kummerfeldt, European Real Estate analyst, tells Real Asset Media’s Richard Betts in an interview.

The vaccine roll-out, the Brexit deal, economic recovery in Asia, the EU recovery fund and government interventions to prevent a wave of redundancies are all positive factors that will support the market, Kummerfeldt said.

On the London office front, occupiers are still being cautious and holding back, he said, so vacancy rates are up slightly and unlikely to go down soon, but prime rents have held up well.

Click on the video above to watch the full interview or listen to the podcast below.