Europe Commercial Property Update Will the recent outperformance of Frankfurt office rents continue? A broad-based economic recovery combined with a modest development pipeline points to rents in the major German office markets making steady gains over the next few years. Yet the recent pick-up in... 28th March 2014 · 1 min read
Europe Commercial Property Update What does the strong outlook for Poland imply for property values? We believe that the outlook for occupier demand and rental values in Poland is among the best in Europe. But much of that good news already seems to be reflected in Polish yields which are low. Thus... 26th March 2014 · 1 min read
Europe Commercial Property Update What does buoyant Hungarian sentiment imply for property? Buoyant economic sentiment in Hungary may overstate the underlying health of the domestic economy. We would not be surprised if sentiment and GDP growth cooled later this year. Nevertheless... 20th March 2014 · 1 min read
Europe Commercial Property Update What effect will the weaker krone have on Oslo industrial rents? The Norwegian krone is not a key driver of industrial rental values in Oslo. That said, at the margin, the currency’s fall is another reason to expect the recovery in industrial rental values over the... 19th March 2014 · 1 min read
Europe Commercial Property Update How healthy is the outlook for the Czech investment market? The 80% rise in Czech investment volumes in 2013 was more than double the average recorded across the CEE region as a whole. But the underlying trend is far weaker than the headline numbers suggest... 13th March 2014 · 1 min read
Europe Commercial Property Update Is the office occupier market in Brussels about to turn a corner? The economic recovery, combined with improving business confidence, should help to boost occupier demand in Brussels this year. But with leasing incentives still generous and the economic recovery... 10th March 2014 · 1 min read
Europe Commercial Property Update Is a downturn looming for Turkish retail property? Reflecting the recent hike in official interest rates, credit growth and consumer spending in Turkey are vulnerable to a slowdown. In turn, and given that rents are high while yields are low, there is... 27th February 2014 · 1 min read
Europe Commercial Property Update Are Stockholm retail rents poised to take-off again? Retail rental values in Stockholm ended 2013 strongly, rising by 2%q/q in Q4. This pushed the annual rate of rental growth above 2% for the first time since mid-2012. We expect rental growth to... 26th February 2014 · 1 min read
Europe Commercial Property Update Is Portugal the next Ireland? Some of the conditions that preceded Ireland’s strong investment market recovery a couple of years ago are now evident in Portugal. GDP is expanding at a decent rate, while the deficit reduction... 18th February 2014 · 1 min read
Europe Commercial Property Update Will the recent falls in euro-zone yields continue this year? Broad-based economic growth across the euro-zone in Q4 last year clearly helps to explain the recent widespread falls in property yields. We doubt that GDP growth across the region will suddenly surge... 17th February 2014 · 1 min read
Europe Commercial Property Update Central Europe – where are the prospects for industrial rents brightest? The recent surge in industrial confidence in Hungary increases the upside risks around our forecasts for industrial rental value growth. But after taking account of existing spare capacity, the... 5th February 2014 · 1 min read
Europe Commercial Property Update How good is the outlook for Copenhagen property? Evidence of a budding economic recovery and a comparatively high level of property yields have boosted investor interest in Copenhagen. There are reasons not to get carried away. But the upside risks... 30th January 2014 · 1 min read
Europe Commercial Property Update Time to reassess the outlook for peripheral property yields? Strong investment market activity in the fourth quarter, particularly in Spain and other peripheral markets, suggests that our 2014 forecast for unchanged yields in most euro-zone property markets may... 28th January 2014 · 1 min read
Europe Commercial Property Update Where next for Russian property yields? The strength of the Russian investment market may suggest that our forecast for unchanged office and retail yields this year and next is too cautious. But the subdued economic outlook, the falls in... 22nd January 2014 · 1 min read
Europe Commercial Property Update Real estate equities point to period of weakness in euro-zone values The recent weakness in euro-zone real estate equity prices suggests that capital value growth in the physical property market will slow to zero over the coming quarters. Improved confidence within the... 20th January 2014 · 1 min read
Europe Commercial Property Update Are investors starting to shun Paris? Perhaps unsurprisingly given the weak state of the French economy, the Ile-de-France office occupier downturn stepped up a notch in 2013. More notable, though, was the fall in the investment volume... 15th January 2014 · 1 min read
