ERA upgrades rental recovery forecasts for 2021

The European Rental Association (ERA) has produced a third update of its market forecasts this year and said the region’s largest rental markets will generally recover faster in 2021 than previously forecast.

Martin Seban, a Director at IHS Markit, told delegates at the ERA Convention in Amsterdam that the scale of the rebound of the global economy had been a “real surprise” and had helped improve forecasts for construction and rental in 2021.