Europe Commercial Property Focus Where are industrial rental prospects strongest? We think online demand will continue to be an important driver of relative rental prospects in European industrial markets as we move into the post-pandemic era. But the outlook for traditional demand... 12th October 2022 · 14 mins read
Global Economics Focus Property the weak link as interest rates rise We think that property markets are the weak link when it comes to the impact of tightening monetary policy. A modest rise in interest rates might only cause price falls in a few obvious candidates... 25th March 2022 · 22 mins read
UK Housing Market Focus How pandemic changes will affect European cities Europeans are returning to cities, though the return to offices has been much slower and this has had negative effects on city retail. Looking ahead, weaker demand for office and retail will weigh on... 2nd November 2021 · 14 mins read
Europe Commercial Property Focus What will COVID-19 mean for the largest global cities? Cities are central to property performance. And the largest are seen as hugely important by investors. But the pandemic has turned many received ideas about real estate on their head and we think that... 10th August 2021 · 20 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 Focus Estimating the natural vacancy rate in European offices Given that the natural vacancy rate (NVR) provides a better gauge of office market conditions than the absolute vacancy rate, we set out to estimate the NVR across European office markets. Future... 11th March 2021 · 17 mins read
Europe Commercial Property Focus Higher online share to boost logistics demand by 15% 19th November 2020 · 20 mins read
Europe Commercial Property Focus Is COVID-19 the death-knell for physical retail? Retail has been hit hard by the COVID-19 crisis and lasting changes to online spending will bring further pain. While our estimates suggest that the impact is likely to be less severe than structural... 8th October 2020 · 27 mins read
Europe Commercial Property Focus Remote working poses significant downside to rents As we have argued in our Global Property Focus, we think that some of the increase in remote working seen this year will become a permanent feature of working practices in office-based sectors in the... 14th September 2020 · 17 mins read
UK Housing Market Focus The outlook for housing in a post-COVID world 9th September 2020 · 22 mins read
Europe Commercial Property Focus Remote working to hit office income by 20-25% 6th August 2020 · 25 mins read
Global Economics Focus Lasting blow to supply capacity is not inevitable It is by no means inevitable that the coronavirus crisis puts a big permanent hole in the supply capacity of economies (i.e. their ability to produce goods and services). With the right government... 29th June 2020 · 28 mins read
Europe Commercial Property Focus Which retail markets are most exposed to COVID-19? Before the virus outbreak, falls in prime retail rents were expected to be concentrated in Northern European markets. Now rental falls are likely to spread throughout Southern and Central Eastern... 14th May 2020 · 12 mins read
Europe Commercial Property Focus Does European property still offer attractive returns? Set against other asset classes, European commercial property looks fairly valued. Our returns forecasts for 2020-23 of around 5% p.a. on an MSCI all-property basis will look relatively attractive in... 9th December 2019 · 12 mins read
Europe Commercial Property Focus Will the global real estate boom end in tears again? After a sustained upturn in commercial property, yields are well below their historic lows and there are concerns that the current cycle could end as badly as previous ones. But we don’t think a crash... 2nd December 2019 · 13 mins read
Europe Commercial Property Focus Expect no change in euro-zone office yields until 2022 The slowdown in euro-zone growth means that rental growth will be weaker and that bond yields are likely to be lower. The net effect of these factors is a downward revision to our forecasts for office... 22nd February 2019 · 1 min read