PropertyEU editor-in-chief Robin Marriott gauges market sentiment as Europe imposes new lockdowns to contain a new wave of coronavirus infections.

Europe back in lockdown

Europe Back in Lockdown

Sat here in London it is hard not to feel a bit despondent. In a day’s time as I write this, England is going into full lockdown again. Personally speaking, that takes me back to March when I had to work from the summer house in my garden every day for weeks. Not too much to endure I suppose because I am among the lucky ones; I still have a job and a space to work from at home, unlike many others.

The despondency comes more from seeing across Europe a similar story of fresh lockdowns, more social and economic damage, and in a new development, more violent clashes between police and the public, especially in Italy and Spain.

I mention this just after we completed our 5th PropertyEU Market Barometer since the crisis began. We find the responses to our surveys invaluable – thank you readers - especially the open question where we ask for comments or suggested questions for the next survey.

I must admit one comment really leapt out at me from the last round: β€˜Why are journalists accepting the official BS regarding Covid? Go and educate yourselves, you have swallowed a pack of lies.’

To be honest with you, this was the only one that said this. But why did it hit home? Maybe because I agree with the sentiment. Day in and day out, national newspaper and broadcast journalists are repeating official data and government narrative, but I cannot understand why they are so weak and relatively unquestioning of the people that feed them the data and the government responses that follow.

Which brings me to having a voice. Our Big Interview this month is with the newly established European Council of Shopping Places, which at press time issued a press release to its members saying new Covid-19 restrictions will have a disproportionate effect on the retail property sector, and calling for a level playing field across the sector, both online and offline.

I am pleased retail property at least has a new voice to help it. But it makes me wonder who is looking out for the other sectors. Moreover, the bigger question for me is this: β€˜Is the European real estate industry happy with government responses to Covid-19? Is it happy with official data and government β€œexperts” that are leading to responses? Can we rule out the point made to us in our survey that we are accepting official BS and a pack of lies? Or is our one comment from one reader the only one?