Euro-zone capital values to fall by at least a third

We have cut our euro-zone commercial property forecasts. We now expect capital values in most markets to fall by between 30% and 40% from their peak, with the bulk of those falls being seen by the end of this year. Spain and Ireland are likely to see larger falls, of around 50% and 60% respectively. For context, we expect peak-to-trough falls in UK capital values of 50% to 55%.

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