The effect of the US elections on the global real estate market
schedule 01 December 2020
The geopolitical diversity of the EMEA region means that there are multiple economic and business permutations to consider in light of a new first term for President Biden and the Democratic party. There is a strong likelihood that the EU and national EEA (European Economic Area) governments will cooperate more openly with the United States under President Biden. Outside of the EEA, in Middle East, Africa, Russia and Turkey ongoing relationships will be more mixed.
Three key elements will impact economies and commercial real estate in the EMEA region:
International Trade | Reduced tariffs will support European import and export business, supporting and stabilising demand for industrial real estate.
Biden’s camp has made it clear that it would take concrete steps to end what they call Trump’s ‘artificial trade war’ with the EU while working to address imbalances in trade between the partners. Reparation of NATO and alliance relationships should t
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