Europe Commercial Property Update Emerging European yields can buck the trend in 2019 With property yields in emerging Europe sitting above their pre-crisis lows and those in central Europe looking relatively well-placed on our valuation measure, we think that yields in the region can... 12th September 2018 · 1 min read
Europe Commercial Property Update Helsinki returns slowing, but still above the pack In the middle of last year, Helsinki offices stood out as a strong late-cycle play. But with the positive yield gap to Stockholm now closed, that opportunity has passed. Nevertheless, in the absence... 29th August 2018 · 1 min read
Europe Commercial Property Update How much further can German office values rise? Office capital values in Germany appear to be on an inexorable upward path. Although a sharp correction seems unlikely, there are good reasons to believe that they will peak in 2018. 22nd August 2018 · 1 min read
Europe Commercial Property Update Investment activity has peaked Property investment fell back sharply in Q2, keeping our prediction of an annual slowdown in activity firmly on track. Even so, investment will be cooling from levels which are high by historical... 10th August 2018 · 1 min read
Europe Commercial Property Update Poor outlook for Vienna offices even as rents recover A high volume of completions contributed to the fall in prime office rents in Vienna in the early stages of this year. But as that supply is absorbed, rents should be able to recover again next year... 7th August 2018 · 1 min read
Europe Commercial Property Update No Turkish delight for Istanbul office rents With Turkey’s economy heading for a sharp slowdown, further weakness in the lira and high availability of office space, the decline in prime office rents in Istanbul has further to run. 3rd August 2018 · 1 min read
Europe Commercial Property Update Rotterdam offices rising up the charts A lack of available space and high rental levels in Amsterdam are boosting office demand in Rotterdam. Investment demand has already increased, but is set to stay strong in the next couple of years... 2nd August 2018 · 1 min read
Europe Commercial Property Update Pick-up in Frankfurt office rents won’t be sustained Strong occupier demand and limited completions have boosted prime Frankfurt office rents. But with demand likely to ease and completions on the rise, this pick-up in rental growth is unlikely to last... 25th July 2018 · 1 min read
Europe Commercial Property Update Office occupier markets strong, but growth moderating European office markets have started the year in buoyant mood, with take-up reaching a post-crisis high, vacancy rates falling and rents climbing by around 2.5%. Nevertheless, as we outlined at the... 23rd July 2018 · 1 min read
Europe Commercial Property Update Higher Italian bond yields increase risks for property The recent spike in Italian government bond yields is likely to be sustained for the foreseeable future, increasing the risk of a sharper re-pricing for Italian commercial property than we are... 20th July 2018 · 1 min read
Europe Commercial Property Update Wage differentials support CEE industrial border markets Growing occupier demand for industrial units close to the German and Austrian borders will offset the slower economic growth that we are expecting in the next few years in the CEE markets. This will... 18th July 2018 · 1 min read
Europe Commercial Property Update Athens slowly turning a corner, but risks remain A lack of good quality space is positive for prime rents in Athens. But with the Greek economy far from being in good health, rental growth prospects will be constrained in spite of the recent... 13th July 2018 · 1 min read
Europe Commercial Property Update High income returns positive for Brussels offices A positive economic outlook for Belgium and a shortage of available Grade A stock bode well for office rents in Brussels. Foreign investors, in particular, are increasing exposure to the market as it... 11th July 2018 · 1 min read
Europe Commercial Property Update Signs point to slower Dublin industrial rental growth Prime industrial rents in Dublin jumped by close to 5% in Q1, driven by strong demand. But with Ireland’s economy cooling, and the prospect of increased speculative development, the easing in the rate... 5th July 2018 · 1 min read
Europe Commercial Property Update Healthy outlook for returns supports case for Denmark Record investment activity in Denmark underscores the positive outlook for returns in Copenhagen, especially in the industrial sector, which we expect to be the best-performing market in Western... 4th July 2018 · 1 min read
Europe Commercial Property Update What can we learn from US property? As rising US Treasury yields have squeezed US property’s yield gap over the risk-free rate, investment volumes have dropped back and core office yields are rising. While Europe is lagging the US... 29th June 2018 · 1 min read
