Impacted by COVID-19? Not the European residential market

19 / 04 / 21 - 0 minute read

Despite the economic turmoil induced by the COVID-19 pandemic, residential rents in major European cities – with a few notable exceptions – held up well in 2020. This paper sheds light on the stability and resilience of European residential markets by showing that the path of asking rents remained solid throughout a year that involved the worst global crisis since the second world war.


Dr. Marcelo Cajias

PATRIZIA believes European residential assets went into the COVID-19 crisis as a solid performer and will emerge even stronger from the pandemic.

Dr. Marcelo Cajias

Marcelo Cajias

Head of Data Intelligence, PATRIZIA SE

Dr. Marcelo Cajias heads the Data Intelligence section, which is part of the Investment Strategy and Research team at PATRIZIA. In his role he is responsible for the global portfolio of analytical solutions and dashboards that support strategic investment decisions by means of observed and unobserved machine learning forecast models for various asset classes.

Marcelo studied business administration at the University of Regensburg in Germany, majoring in statistics, econometrics and real estate economics. He received his doctorate for his thesis on the economic impact of sustainability on listed real estate companies. As a dedicated researcher, his work has been published in various international journals and he was awarded the RICS Best Paper Award and the
German Real Estate Research Prize.

Augsburg, Germany

Dr. Marcelo Cajias

Head of Data Intelligence