Skip to main content

Euro-zone all-property returns total almost 9% in 2021

Euro-zone commercial property markets ended 2021 on a stronger note. Prime rental growth picked up in the office and industrial sectors, while retail rents held steady for the third consecutive quarter. Combined with further declines in property yields, all-property capital value growth grew at the fastest annual pace since early 2020.  This momentum should continue in the near term. But the market is likely to come across more headwinds later in the year, as slower economic growth and structural changes weigh on rental growth, and rising bond yields limit the scope for further yield declines.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access