The increasing divergence between the euro-zone’s core and peripheral economies are now clearly evident in the performance of commercial property markets. In contrast to the core, there is no indication yet that rental values in the periphery are beginning to recover, while investment demand is increasingly targeting core markets. In the absence of better news from the periphery the yield gap between core euro-zone markets and the rest will widen further.
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