Europe Commercial Property Update Office rents in Frankfurt will underperform in 2016 Frankfurt’s office sector has struggled to shake off the legacy of the credit crunch and structural changes in the local labour market. Add in the likely dampening impact of the recent falls in equity... 12th February 2016 · 1 min read
Europe Commercial Property Update European Prime Offices Begin to Look Fully Valued The falls in office yields witnessed in 2015, alongside the stabilisation of yields for other asset classes, mean that European office property no longer looks undervalued. Indeed, whilst the majority... 11th February 2016 · 1 min read
Europe Commercial Property Update Prime Property Yield Falls to Slow in 2016 Prime yields fell substantially in 2015, but the rate of yield compression moderated in the third quarter. We think that yield falls will slow in most Western European markets in 2016, but that there... 10th February 2016 · 1 min read
Europe Commercial Property Update How strong is the outlook for the logistics occupier market in France? Despite the relatively slow economic growth we expect to see in France in the coming years, structural changes in the retail and logistics markets mean that occupier demand for industrial property... 5th February 2016 · 1 min read
Europe Commercial Property Update Flat retail rents in Spain are not a sign of things to come Retail rents in Madrid and Barcelona were flat in Q4. Yet the steady outlook for consumption, coupled with strong growth in tourism, suggests that rents will resume their upward trend this year. 4th February 2016 · 1 min read
Europe Commercial Property Update RICS survey highlights overvaluation concerns in core markets The most notable development in the latest RICS Global Commercial Property surveys is the increase in the proportion of respondents who view property in the core European markets as expensive. Yet a... 2nd February 2016 · 1 min read
Europe Commercial Property Update RICS survey highlights overvaluation concerns in core markets The most notable development in the latest RICS Global Commercial Property surveys is the increase in the proportion of respondents who view property in the core European markets as expensive. Yet a... 2nd February 2016 · 1 min read
Europe Commercial Property Update How big are the risks to retail rental growth in Stockholm? We do not expect either a slowing in house price growth or the newly-built Mall of Scandinavia to derail our retail rental value growth forecasts for Stockholm. As a result, we believe that in terms... 29th January 2016 · 1 min read
Europe Commercial Property Update Will higher corporate credit spreads produce a spike in property yields? In view of their strong past relationship, the latest jump in corporate bond yields could be a sign of an imminent turning point for European property markets. However, we are inclined to look through... 26th January 2016 · 1 min read
Europe Commercial Property Update Berlin becomes Germany’s biggest investment market Berlin became Germany’s largest investment market in 2015, with investment growth of 120%, far outpacing that in the other major cities. Despite Berlin ranking far above Frankfurt in surveys of... 25th January 2016 · 1 min read
Europe Commercial Property Update Will falling oil and equity prices undermine European property? Fears about China, as well as plunging oil and equity prices, have dominated the start of 2016. However, we believe that concerns over China are overstated and that oil prices will begin to recover... 21st January 2016 · 1 min read
Europe Commercial Property Update Perceptions of investment prospects improve across Europe In PWC’s 2016 Emerging Trends in Real Estate survey, the most notable change in the city investment prospects segment is Athens’ fall back to the bottom of the rankings. Elsewhere, investment... 18th January 2016 · 1 min read
Europe Commercial Property Update Will falling prime yields drive stronger demand for secondary property? We expect strong competition for prime assets to push yields lower again in 2016. With prime income yields at such low levels, this is likely to result in further growth in the demand for secondary... 14th January 2016 · 1 min read
Europe Commercial Property Update Industrial rents in Milan set for steady growth The high level of industrial take-up in Italy over the past two years demonstrates the strong effect that e-commerce has had on occupier demand. With the Italian economy now on a positive, albeit... 12th January 2016 · 1 min read
Europe Commercial Property Update European investment activity likely to rise again in 2016 European commercial property investment is likely to have reached a new peak in 2015. But, we believe there are good grounds for expecting further growth in 2016 as new capital sources and other... 11th January 2016 · 1 min read
Europe Commercial Property Update Is there any value left in Dublin offices? Over the past three years office capital value growth in Dublin has far outpaced other euro-zone markets. Yet with the vacancy rate at its lowest point in 15 years, and GDP set to average 4.3% over... 6th January 2016 · 1 min read
