We think that the UK, French and Polish markets seem undervalued by about 10% to 20%, while the Belgian and German markets look to be around fair value. The Finnish, Hungarian, Italian, Spanish and Swedish markets all still appear overvalued, by about 5% to 25%. This contrasts with the middle of 2008, when all European commercial property markets seemed overvalued.
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