The strength of the Russian investment market may suggest that our forecast for unchanged office and retail yields this year and next is too cautious. But the subdued economic outlook, the falls in yields already seen, as well as renewed interest in some peripheral euro-zone markets, all mean it is too soon to make material further yield convergence with Western European markets our central view.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.