Property Economics

Amy joined Capital Economics in 2018 to work on the UK Commercial Property Service. Previously, she worked as a senior economic analyst at the Reserve Bank of New Zealand. She also spent one year on a work secondment at the Bank for International Settlements in Switzerland.

Amy holds an Honour’s degree in Economics from Victoria University of Wellington, New Zealand.

Articles published by Amy Wood

• Scandi & Swiss: Rising interest rates to hit values
• Office rent growth to slow, but quality gap could arise
• Emerging Europe: Rental growth steps up
• Slower yield compression weighs on capital growth
• Italian capital values to take a hit
• Office yields most vulnerable to rising interest rates
• War impact reinforces investment slowdown
• Euro-zone property yields to rise sooner
• Completion delays prolong Budapest office market dip
• Rising costs an upside risk to German industrial rents
• Amsterdam and Rotterdam retail to trail
• Has Prague industrial pricing gone too far?
• Emerging Europe: War reinforces weak values outlook
• Scandi & Swiss: Rising pressure on property yields
• War in Ukraine adds to uncertainty; retail most at risk
• Most industrial markets overvalued in Q4
• Russia-Ukraine and the risks to commercial property
• Emerging Europe: All-property values jump in Q4
• Will prime rents offer inflation protection?
• Good times over for industrial rents in major ports
• Pandemic not the only risk to Stockholm property
• Gradual flexible office recovery underway
• What’s in store for retail this year?
• Our key calls for European property in 2022
• Diagnosing the opportunity in European life sciences
• Scandi & Swiss: 2021 as good as it gets for returns
• Omicron poses near-term downside risk to property recovery
• Valuations worsen, but office and retail still fair value
• Scandinavia & Switzerland: Values to rise further
• Rental recovery picks up pace
• Consensus still underestimating impact of remote work
• German retail vacancy to remain elevated
• How pandemic changes will affect European cities
• Investment to peak later next year
• Near-term upgrades to German office rental growth
• Why are prime industrial rental values not taking off?
• Did Europeans leave cities (and have they returned)?
• Oslo property returns have peaked
• Scandi & Swiss: Returns to converge further ahead
• Sector fortunes to shift
• Zurich office returns rank poorly over next five years
• IPF Consensus Forecasts (Aug.)
• Spanish retail rents to rebound from next year
• Retail yield stabilisation not a sign of a turning point
• Longer-term prospects poor for Italian offices
• A primer on European residential property
• More competition a risk to flexible office activity
• Is our weak outlook for Lisbon office rents justified?
• Has Athens been pushed off track by COVID-19?
• Vaccine passport no silver bullet for prime high streets
• Consensus catching up to the view of a weak recovery
• Rise in bond yields weighs on property valuations
• Hamburg office rental growth set to outperform
• In which cities will WFH have a larger impact?
• Stockholm prime offices on track to outperform
• Rents in German industrial markets to be kept in check
• Office vacancy in Copenhagen close to its peak
• Where is there scope for conversions to residential?
• Southern European underperformance to continue
• Bond yield rise won’t cause property yields to spike
• Temporary halt to Amsterdam office rental growth
• Calling time on Italian prime retail rental growth
• Where might industrial yields fall most this year?
• Can Oslo office yields continue to edge lower?
• Investors in Europe moving down the risk curve
• Are we too pessimistic about Spanish office rents?
• Our key commercial property trends for 2021
• Is Turkish retail property roasted?
• Only 15% of European markets overvalued
• Higher online share to boost logistics demand by 15%
• Higher online share to boost logistics demand by 15%
• Higher online share to boost logistics demand by 15%
• Higher online share to boost logistics demand by 15%
• Higher online share to boost logistics demand by 15%
• Weak investment to drag into 2021
• Will German ecommerce accelerate post-COVID-19?
• Imminent rise in bankruptcies to weigh on values
• What do recent sales data imply for the retail sector?
• What to make of recent moves in REIT prices?
• Emerging Europe: The tables turn on retail
• Remote working poses significant downside to rents
• Oslo offices to suffer despite economic outperformance
• Revising our 2020 European investment forecasts
• Strength of Romanian industrial take-up to wane
• Slow consumer recovery to hold back Polish retail rents
• Is investor interest in Portugal justified?
• Relative strength of Swiss job creation won’t help rents
• Luxury retail and tourism hit double whammy for Paris
• Scandi & Swiss: Yield rises to reverse, except for retail
• Property values will fall sharply, but won’t reach GFC lows
• How has office output fared?
• Southern Europe leads valuation deterioration
• Scandinavia & Switzerland: Value slump on the way
• Large pre-let pipeline in Milan won’t prevent rent falls
• Which retail markets are most exposed to COVID-19?
• Impact of WFH on European office demand
• Investor sentiment turns sour
• Property values in Southern Europe to fall the most
• Looser measures won’t stop retail rent falls in Stockholm
• Pricing more vulnerable in CEE markets
• What do equity price falls imply for European property?
• What do equity price falls imply for European property?
• Good times won’t last for Milan prime offices
• German office rents to hold up despite boost to supply
• Any boost to Dublin industrial rents will be temporary
• How might coronavirus impact European high streets?
• How might coronavirus impact European high streets?
• Solid domestic demand won’t help Budapest retail rents
• Signs of growing preference for European real estate
• Signs of growing preference for European real estate
• High rents and softer economy weigh on Spanish retail
• Key predictions for European property in 2020
• What do equities suggest about euro-zone property?
• Elections, Brexit and Property
• IHS Markit/CIPS Construction PMI (Oct.)
• IHS Markit/CIPS Construction PMI (Oct.)
• RICS Commercial Property Market Survey (Q3)
• Lending to commercial property (Sep.)
• How prolonged will the downturn in retail rents be?
• Shopping centre rental value growth to worsen
• IHS Markit/CIPS Construction PMI (Sep.)
• Impact of CVAs to further weigh on retail rents
• Why is lower vacancy not pushing up office rents?
• Office-based employment growth may have peaked
• IPF Consensus Forecasts
• IHS Markit/CIPS Construction PMI (Aug.)
• Lending to commercial property (Jul.)
• What does the health of tenants suggest for investors?
• A cross-check on our all-property yield forecast
• No rebound in investment activity expected this year
• Overseas demand to be soft regardless of £ moves
• RICS Commercial Property Market Survey (Q2)
• RICS Construction Market Survey (Q2)
• Bank of England highlights risk to commercial property
• A wider ‘new normal’ property to bond yield spread?
• How our Brexit scenarios could impact UK property
• Logistics road traffic points to lower industrial demand