Is it too soon to look beyond core European property markets?

Above-average falls in rental values and a rising yield gap with core markets both suggest that there is growing scope for commercial property in the peripheral euro-zone economies to outperform. Unfortunately, the drag exerted by the euro-zone crisis and tighter fiscal policy means that over the next year or two, there is scant prospect of a return to the kind of economic growth rates needed to drive that outperformance.