Europe Commercial Property Update Will consumer optimism translate into stronger retail rental growth? Euro-zone consumer confidence is at its highest level since 2007. While the long-term consumption outlook remains challenging, elevated sentiment should nevertheless help support retail rental value... 24th March 2015 · 1 min read
Europe Commercial Property Update Will QE provide a boost to Frankfurt office occupier demand? The ECB’s QE programme will be a modest boon for some financial firms. And it should help to sustain the recent rise in financial sector confidence. In turn, that should feed through into occupier... 19th March 2015 · 1 min read
Europe Commercial Property Update Dutch retail rents set to turn a corner in 2015 A gradual recovery in Dutch house prices will support retail sales growth in the Netherlands. This will drive a rise in prime retail rents in 2015 in both Amsterdam and Rotterdam. However, the slow... 17th March 2015 · 1 min read
Europe Commercial Property Update Nordic retail set for solid growth, but Finland will disappoint Low inflation and historically low interest rates in the Nordic region will support real wage growth and rising house prices in every market bar Finland. With consumer spending growth set to benefit... 13th March 2015 · 1 min read
Europe Commercial Property Update Madrid all-property yields set to stay below those in Milan Historically, all-property yields in Madrid have tended to be higher than those in Milan. Yet over the past year, that spread has reversed. Given Spain’s stronger economic prospects and the outlook... 11th March 2015 · 1 min read
Europe Commercial Property Update Growing divergence in property performance within Helsinki Weak economic fundamentals are leading to a growing divergence in the performance of Helsinki property types. While the wider market is likely to struggle further, CBD rents are set to rise gradually... 23rd February 2015 · 1 min read
Europe Commercial Property Update Dublin set to see further strong office rental growth in 2015 Dublin office take-up reached a seven-year high in 2014, helping to drive rental values up by 34%. And, with the economic outlook strong and office supply conditions tightening rapidly, 2015 looks set... 19th February 2015 · 1 min read
Europe Commercial Property Update Can Brussels offices finally stage a rental recovery? Brussels office vacancy has been falling, but this is mostly attributable to the conversion of obsolete stock to residential uses, rather than expansionary activity. And with economic growth in... 10th February 2015 · 1 min read
Europe Commercial Property Update Are we overestimating the scope for office yield compression? Calculating implied yield expectations from RICS commercial property survey results suggests that respondents believe yields are close to their troughs in most office markets. Yet given that the... 5th February 2015 · 1 min read
Europe Commercial Property Update Could Norwegian property go from hero to zero in 2015? As oil prices have continued to fall, the prospects for economic growth and occupier demand in the Norwegian property markets have softened. However, with the krone now beginning to look cheap... 3rd February 2015 · 1 min read
Europe Commercial Property Update How much further will Moscow rental values fall? Despite a fall in USD-denominated Moscow all-property rents of 16% in Q4, currency depreciation means that rents rose in ruble terms by 19%. That seems unsustainable. Short-term uncertainty... 29th January 2015 · 1 min read
Europe Commercial Property Update ECB QE to drive European commercial property yields lower still The real impact of the ECB’s new QE programme on GDP growth and occupier demand will initially be stymied by the Greek election results and the ensuing debt re-negotiations. However, investors will be... 27th January 2015 · 1 min read
Europe Commercial Property Update What might Poland’s economic challenges mean for property? The growing risk of a deflationary spiral means the Polish Central Bank is likely to reduce interest rates to support demand. But the fall in the zloty against the Swiss franc could nevertheless... 21st January 2015 · 1 min read
Europe Commercial Property Update How will the Swiss franc’s appreciation affect property? Last week’s substantial Swiss franc appreciation has significantly dented the outlook for economic growth and occupier demand. It has also made Swiss property look even more expensive, especially to... 20th January 2015 · 1 min read
Europe Commercial Property Update Lower oil prices unlikely to drive French retail recovery in 2015 With the outlook for French consumer spending still weak and flows of wealthy tourists unlikely to grow in the short-term, retail rents in Paris and Lyon are unlikely to experience particularly strong... 15th January 2015 · 1 min read
Europe Commercial Property Update How will German logistics occupier demand fare this year? Despite Germany’s recent slowdown, logistics operators and customers report that market conditions are above average. And, despite our forecasts for overall soft economic growth this year, trade and... 14th January 2015 · 1 min read
