Allianz Research

Allianz Global Wealth Report 2024:
Surprising relief

Old lessons for a new world

Over the last decade, zero interest rates in Europe did not hold back growth in private households’ financial assets, particularly in Germany (+5.2%). However, the growth drivers were quite different between countries: Whereas German households relied on fresh savings (mainly out of earned income), most other countries benefited from value gains (i.e. the rising prices of securities).

House of cards? Perspectives on European housing

Tightening financing conditions, slowing growth and soaring inflation are putting pressure on the European housing market. Swiftly rising mortgage rates have dramatically reduced home affordability at a time when home prices have already reached unsustainable levels in many European countries. 

ESG – from confusion to action

ESG is the trend in investing as an ever-increasing portion of portfolios from individual savers to large institutions is directed towards sustainable strategies. It is poised to become the key market driver over the next few years, with ESG assets set to grow by almost +13% p.a. until 2026, reaching USD34trn, compared to total market growth of only +4.3%.