Will euro-zone office yields still rise in 2019?

Our updated yield model points to prime euro-zone office yields rising by only around 5bps by the end of 2020. This is notably less than our forecast, which points to a rise of 20bps in the same period. However, country-specific factors in Italy, in particular, help explain the sharper increase in our forecasts than in the top-down euro-zone model.

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