Andrew Burrell joined Capital Economics in 2018 as the Chief Property Economist. Prior to this he was the EMEA Head of Economics and Forecasting at JLL, working closely with European property investors. A decade in real estate was preceded by over 15 years as a professional economist at Experian, the Bank of England, RBS and the London Business School. He is an active member of both SPR and IPF.
Europe Commercial Property Outlook
Decline in values to match GFC; offices fare worst
With economic activity weakening, we expect rental growth to continue trending downwards over the next year. At the same time, valuations remain stretched despite property yields continuing to rise at...
Europe Commercial Property Update
Our revised yield model suggests the peak is close
Property yields have risen less sharply this year, but there remains considerable uncertainty about where they will peak. We returned to our yield model for guidance and, while a re-specified equation...