Europe Commercial Property Valuation Monitor Deterioration in valuations likely to prove temporary The uptick in government and corporate bond yields in Q4, coupled with the continued decline in property yields, resulted in a deterioration in the relative valuation of commercial property markets in... 5th March 2020 · 7 mins read
Europe Commercial Property Valuation Monitor Majority of European markets look fairly valued Lower government bond yields improved the relative valuation of commercial property markets for the third consecutive quarter. Less than one fifth of markets look overvalued, with more than half of... 21st November 2019 · 7 mins read
Europe Commercial Property Valuation Monitor Falling bond yields buoy property valuations A second consecutive quarter of sharp falls in bond yields has driven improved valuations in 90 of the 93 markets that we cover. As a result, less than a third of all markets look overvalued, the... 23rd August 2019 · 7 mins read
Europe Commercial Property Valuation Monitor Property valuations improve in Q1 Lower government bond and equity dividend yields improved the relative valuation of commercial property assets in Q1. Indeed, less than half of the 93 property markets now appear overvalued, with the... 29th May 2019 · 1 min read
Europe Commercial Property Valuation Monitor Prime property valuations steady as risk aversion rises In light of the changes to our valuation weightings this quarter, many markets are closer to fair value than in our last Valuation Monitor. That said, the majority of property markets (51 out of 93)... 1st March 2019 · 1 min read
Europe Commercial Property Valuation Monitor Three-quarters of office markets overvalued The number of European property markets that appear to be overvalued continues to rise. With prime property yields still edging lower and government bond yields higher in Q3, the majority of markets... 20th November 2018 · 1 min read
Europe Commercial Property Valuation Monitor Valuation shifts point to risks for Italian property Property yields ticked down only slightly again in Q2, but there were more meaningful shifts in the yields of other assets. Safe-haven markets generally saw an improvement in property valuations... 31st August 2018 · 1 min read
Europe Commercial Property Valuation Monitor Majority of markets overvalued Although property yields ticked down only slightly in Q1, rises in both government bond yields and equity dividend yields meant that property valuations deteriorated. For the first time since we have... 23rd May 2018 · 1 min read
Europe Commercial Property Valuation Monitor More markets looking overvalued Although there was little movement in government bond yields and equity dividend yields in Q4, further declines in property yields mean that valuations have generally worsened this quarter. Over 40%... 16th February 2018 · 1 min read
Europe Commercial Property Valuation Monitor Valuations hold steady this quarter Falls in many government bond yields and in equity dividend yields this quarter meant that despite small falls in property yields, overall valuation scores improved slightly this quarter. Nevertheless... 15th November 2017 · 1 min read
Europe Commercial Property Valuation Monitor Industrial sector drops into overvalued territory Small rises in core government bond yields, along with similar-sized falls in equity dividend yields and limited commercial property yield falls mean that property valuations were mostly unchanged... 18th August 2017 · 1 min read
Europe Commercial Property Valuation Monitor Growing number of overvalued markets in all sectors Higher government bond yields and further falls in commercial property yields in Q1 mean that property valuations have begun to look increasingly stretched. Whereas 23% of the markets we cover looked... 24th May 2017 · 1 min read
Europe Commercial Property Valuation Monitor Property yield gaps squeezed by rising bond yields Bond yields increased in Q4 and have generally climbed further since. This has meant that, despite a counter-balancing effect from lower equity dividend yields, property yields have begun to look... 17th February 2017 · 1 min read
Europe Commercial Property Valuation Monitor Property yields still have room for maneouvre Bond and equity dividend yields fell in Q3 meaning that, although property yields ticked down again, relative property valuations tended to improve over the quarter. 4th November 2016 · 1 min read
Europe Commercial Property Valuation Monitor Lower bond yields counteract falling property yields Property yields fell again in Q2 as demand for prime property remained strong. But, with mostbond yields falling in the second quarter, property still looks fairly valued. 19th August 2016 · 1 min read
Europe Commercial Property Valuation Monitor Falling property yields draw closer to fair value Property yields ticked down marginally in Q1, but are now 80bps below their 10-year average. Changes in alternative asset pricing – with bond yields falling and dividend yields rising – mean that... 16th May 2016 · 1 min read