Europe Commercial Property Update Close to a floor, but investment upturn will be weak Euro-zone investment improved a little in Q4, but that did not prevent it experiencing its worst year in a decade. While we have raised our forecast for through-year growth, we still expect a weak... 5th February 2024 · 4 mins read
Europe Commercial Property Update Residential yields have further to rise The long boom in residential investment has been severely dented by soaring interest rates. Solid fundamentals mean investor interest will remain strong, but it is unlikely residential yields have... 24th January 2024 · 3 mins read
Europe Commercial Property Update Rental slowdown set to continue in 2024 The resilience of euro-zone rental growth last year surprised us. But our analysis indicates that better-than-expected economic activity explained much of that strength and as recession looms in 2024... 16th January 2024 · 3 mins read
Europe Commercial Property Update Data centres to remain non-core, despite AI boost Our AI work has identified data centres as a clear winner from these innovations. That the sector is already in rude health is borne out by the latest real estate data. But it remains to be seen if it... 30th November 2023 · 5 mins read
UK Commercial Property Update Higher r* means more pain for property Our recent r* work reinforces the view that property yields will stay relatively high longer term. That implies global returns in low single digits over the next decade or so, well below pre-pandemic... 27th November 2023 · 4 mins read
US Commercial Property Update Global trends point to a more difficult decade ahead Commercial property wasn’t initially hit by the worsening in economic conditions at the turn of the year, but there are now growing signs of anxiety. Not only that, but even if the economic gloom is... 12th August 2022 · 3 mins read
Europe Commercial Property Homeworking to remain key to city retail performance One of the unforeseen consequences of the homeworking revolution is its negative impact on city centre retail footfall. The evidence suggests that in urban centres there is a link between higher... 13th May 2022 · 3 mins read
Europe Commercial Property Emerging Europe: All-property values jump in Q4 Sharp falls in property yields and an improvement in rental growth pushed CEE all-property values in Q4 up almost 5% q/q, the strongest quarterly growth rate since 2007. This was largely driven by the... 24th February 2022 · 6 mins read
Europe Commercial Property Helsinki offices to continue to outperform euro-zone Following better-than-expected Q2 data, we have revised up our Helsinki office returns forecasts for this year. And given a robust rental outlook, returns are set to outpace the euro-zone over the... 6th August 2021 · 3 mins read
Europe Commercial Property A primer on European residential property Less favourable demand fundamentals and less scope for yield compression mean that European residential returns are likely to be lower in the coming years than over the previous decade. An analysis of... 27th July 2021 · 17 mins read
Europe Commercial Property Is our weak outlook for Lisbon office rents justified? The slow economic recovery, more remote working and a high supply pipeline are key reasons for our below-consensus forecasts for prime office rental growth in Lisbon in the coming years. 16th July 2021 · 3 mins read
UK Commercial Property Should investors be worried about higher inflation? Recent strong inflation data have heightened concerns about global price pressures. At present, we think there will be limited impact on short-term property performance. Further out though, higher... 16th June 2021 · 3 mins read
Europe Commercial Property In which cities will WFH have a larger impact? More working from home will inevitably change cities as we know them. However, cities are more than just workers. This means that cities where a higher share of jobs can be done remotely are not... 5th May 2021 · 4 mins read
Europe Commercial Property Are data centres a viable alternative? Thanks to changing consumption patterns and structural and cyclical knocks to the traditional property sectors, both occupier and investor demand for data centres set new records last year. But, while... 19th March 2021 · 3 mins read
Europe Commercial Property Should investors be worried by the ECB’s apparent taper? The ECB’s recent announcement of a slower rate of asset purchases is not a sign that the normalisation in euro-zone monetary policy has moved closer. We therefore expect Bund yields to be still close... 16th December 2016 · 1 min read