Europe Commercial Property Update What impact could Fed and BoE rate rises have on European real estate? Early interest rate rises in the US and UK will push up bond yields globally. But, with further monetary easing still likely in Europe, we do not expect much of an effect on European assets. We... 30th July 2015 · 1 min read
Europe Commercial Property Update Another strong quarter for European property investment The majority of European countries recorded a rise in commercial property investment in the second quarter, with the peripheral euro-zone markets generally leading the pack. Despite the latest RICS... 28th July 2015 · 1 min read
Europe Commercial Property Update Greater scope for prime office yields to narrow in Munich than London The spread between government bond yields in Germany and the UK is less indicative of the relative strength of the two countries’ economic outlooks than it was in the past. As such, in contrast to... 22nd July 2015 · 1 min read
Europe Commercial Property Update Warsaw retail set to benefit from strengthening consumer sector The Polish economy has started the year positively, supported by the recovering consumer sector. We expect further improvement in consumer finances to support retailer demand growth. The effect on... 21st July 2015 · 1 min read
Europe Commercial Property Update Further yield hardening means peripheral markets will be vulnerable Greece’s future in the euro-zone is still far from secure, and upcoming general elections in Portugal, Spain and Ireland could lead to significant political changes. Nevertheless, given that property... 16th July 2015 · 1 min read
Europe Commercial Property Update The wait for signs of renewed vigour in Brussels offices goes on Subdued economic growth and similarly weak office sector demand have resulted in muted take-up volumes in Brussels. The slow first half of the year means that we have trimmed our rental growth... 14th July 2015 · 1 min read
Europe Commercial Property Update Czech retail performance prospects heating up Robust growth in the consumer sector will begin to translate into retail rental growth later this year. This will spur investor demand and, ultimately, force yields 40bps lower by the end of 2016. 8th July 2015 · 1 min read
Europe Commercial Property Update Cost pressures set to keep German logistics rental value growth subdued German logistics occupier demand should increase over the coming quarters. Yet with the sector already facing pressure from rising wages, occupiers are set to take up space further away from prime... 7th July 2015 · 1 min read
Europe Commercial Property Update How vulnerable are Emerging European property markets to a Grexit? Emerging European financial markets have generally shrugged off the announcement of a Greek referendum. Yet while there are reasons to believe that Emerging Europe is less exposed to Grexit risks than... 2nd July 2015 · 1 min read
Europe Commercial Property Update How might property markets respond if and when Grexit occurs? Today's PMI readings were slightly weaker than expected but do not change the general picture, which is that growth is recovering on the back of both an improvement in external demand and a policy... 30th June 2015 · 1 min read
Europe Commercial Property Update Hungarian retail rents unlikely to take-off A combination of spare capacity and the ban on Sunday trading will limit retailer demand in Hungary in the next year or two. Thereafter, new shopping centre developments will prevent rental growth... 24th June 2015 · 1 min read
Europe Commercial Property Update Swiss property to produce the lowest total returns in next five years Weak rental value growth and limited inward yield shift will restrict capital value growth in Switzerland. As a result, when combined with a low income yield, over the next five years Swiss property... 19th June 2015 · 1 min read
Europe Commercial Property Update Which sector offers the best short-term rental prospects? Recovering economic growth in the euro-zone will support a revival in occupier demand. But, whilst elevated availability will limit rental growth in the office and industrial sectors, the relative... 16th June 2015 · 1 min read
Europe Commercial Property Update Oil sector slowdown means Oslo office rental growth will disappoint There are now concrete signs that the slowdown in the Norwegian oil industry is beginning to feed through to the wider economy. As a result, we expect the upwards trend in Oslo office market rents to... 12th June 2015 · 1 min read
Europe Commercial Property Update Euro-zone office rental values set to grow at strongest rate since 2008 The boost to euro-zone office rents stemming from a pick up in economic growth and employment over the next year or so will be partially offset by high vacancy rates. Nevertheless, the fact that... 8th June 2015 · 1 min read
Europe Commercial Property Update Non-European investors will continue to determine pricing dynamics Non-Europeans are playing an increasingly important role in driving property investment volumes in Europe. The weaker euro and reports that non-Europeans tend to have lower target returns suggests... 28th May 2015 · 1 min read
