Economic and property data for Q3 confirmed Switzerland and Scandinavia’s relative resilience in this pandemic. In fact, Scandinavian capital value growth improved across all sectors on an annual basis, albeit values continued to fall for retail. But the recent rise in virus cases and tightening of containment measures will result in property markets taking a step back in Q4, particularly in the retail sector. The rollout of an effective vaccine would pave the wave for a solid economic recovery next year. However, the structural headwinds for retail property, and to a lesser extent for offices, remain
Webinar Invite: Global State of Play
Wednesday, 25 November
Led by Group Chief Economist Neil Shearing, our senior economists will be holding a briefing on the health of the global economy, including an assessment of current lockdowns, the potential impact of vaccines, and what this all means for financial markets. Complimentary registration here.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services