Euro-zone investment market recovery lacklustre (May 10)

Despite a fall in Q1, the underlying trend in European commercial property investment volumes continued to improve gradually. Although still patchy at the city level, falls in euro-zone office and retail yields were extended in Q1, while the biggest falls were in industrial yields. However, given the pall that the fiscal crisis has cast over the euro-zone economy, rental values are likely to remain under downward pressure.