Europe Commercial Property Update Softer employment growth to drag on occupier activity After holding up despite the slowdown in economic activity, we expect jobs growth in office-based sectors to lose momentum over the next two years, weighing on occupier demand. This underpins our... 22nd January 2020 · 3 mins read
Europe Commercial Property Update Signs of growing preference for European real estate Although the share of global capital raised by European-focused funds has reduced in the last couple of years, there are indications that investors are starting to view real estate in Europe as... 20th January 2020 · 3 mins read
Europe Commercial Property Update Weakness to spread across Nordic retail sector As the slowdown in household spending and the growth in e-commerce weighs on prime retail rents, we think that rents will fall in all Nordic cities this year. 15th January 2020 · 3 mins read
Europe Commercial Property Update High rents and softer economy weigh on Spanish retail Despite Spain’s relatively strong economic outlook compared to its European peers, with real prime rents at high levels and the economy losing momentum, we think that prime retail rents will fall in... 13th January 2020 · 3 mins read
Europe Commercial Property Update Key predictions for European property in 2020 With interest rates set to stay lower for longer, we think that property yields will decline further in 2020. The exception is retail where, outside of Emerging Europe, yields are expected to rise in... 8th January 2020 · 3 mins read
Europe Commercial Property Update How did our predictions for 2019 stack up? While we could have been bolder with our forecast for rental growth in Europe, in particular Nordic offices, on the whole our forecasts for 2019 proved to be correct. 7th January 2020 · 3 mins read
Europe Commercial Property Update Paltry office rental growth in Turkey Despite a weaker lira, Istanbul prime office rents have, perhaps surprisingly, held up in the last two years. We expect them to hold steady over the next two years, but beyond 2021, we forecast... 23rd December 2019 · 2 mins read
Europe Commercial Property Update What do equities suggest about euro-zone property? Although the anaemic performance of the euro-zone economy is expected to weigh on occupier demand, real estate equity markets suggest that confidence in property markets has held up. We think that... 18th December 2019 · 2 mins read
Europe Commercial Property Update 2021 to mark last year of falls in CEE property yields We think that while yield compression across CEE markets has further to go in the next two years, property yields will rise beyond 2021 as tighter monetary policy in the region feeds through. 29th November 2019 · 3 mins read
Europe Commercial Property Update Still some upside for German prime industrial rents While the manufacturing downturn has not helped the industrial sector in Germany at a national level, growing e-commerce means that prime industrial rents will still muster some growth over the next... 22nd November 2019 · 3 mins read
Europe Commercial Property Update Still value in shopping for logistics in the Netherlands The Dutch retail sector is grappling with changing consumer habits and will struggle to provide a positive return to investors. But, with online sales set to grow rapidly and supply chains still... 11th November 2019 · 3 mins read
Europe Commercial Property Update Gloomy outlook for German retail rents Although occupier demand appears to be holding up in Germany, a combination of structural and cyclical factors has weighed on retail rents. And with meagre economic growth expected until at least the... 6th November 2019 · 3 mins read
Europe Commercial Property Update Nordic offices to outperform despite lower withdrawals Office-to-residential conversions in the Nordic capitals have started to lose their appeal given the pick-up in office capital values and softening in house prices. However, we don’t think that this... 1st November 2019 · 3 mins read
Europe Commercial Property Update No upside for Dublin retail rents While the risk of a no deal Brexit has diminished, lingering uncertainty and structural headwinds are likely to put downward pressure on prime retail rents in Dublin over the next two years. 29th October 2019 · 3 mins read
Europe Commercial Property Update Paris office yields to fall another 20bps by end-2020 As valuations have improved this year and investors have become willing to accept lower yields, demand for quality Paris assets has ballooned, most likely driving a record year for French investment... 23rd October 2019 · 3 mins read
Europe Commercial Property Update Lift-off for Athens prime retail? We expect the upturn in consumer confidence in Greece this year to feed through to a pick-up in retail sales growth, supporting retailer demand in Athens. Coupled with further yield falls, Athens high... 18th October 2019 · 3 mins read
