Review of 2019
Last year saw a slight decline in economic growth. Despite the limited availability of investable stock, investments in real estate broke a record with a volume of € 20.8 billion compared with € 20.7 in 2018. Larger records were established in the residential and healthcare real estate sectors. These trends are expected to continue into 2020, while growth is forecast to slow.
2020 and beyond
As far as the economy is concerned, there are two potential growth scenarios: a long period of low inflation and low growth, or accelerating growth driven by both public and private sector investment. The ECB's monetary policy has led to economic growth and an expansion in capital in recent years. However, that capital growth has been confined to investors, companies and high wealth individuals. In order to boost growth, a fiscal stimulus is needed in addition to looser monetary policy.