Although the global economy has suffered from the escalating trade war between China and the United States, Brexit uncertainties and geopolitical tensions in numerous countries, the risk of a recession in 2020 seems unlikely for the time being. Despite this tumultuous global context, real estate investment continues to perform extremely well, thanks to a highly favourable financial environment where the spread between Treasury bonds and real estate yield remains high. Thanks to these trends, the French market continued to attract investor, as evidenced by the record investment volume over the past few years.