Skip to main content

Euro-zone property: are we underestimating small country risk?

Over the next two years, we expect the best performing euro-zone commercial property markets to be Greece, Finland and Portugal. All are forecast to deliver better total returns than core markets such as Germany and France. But have we under-estimated the degree of risk aversion among investors towards these smaller markets? Perhaps. But, if we are right and economic activity holds up relatively well, property markets in these three smaller economies should still outperform.

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 gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access