Europe Commercial Property Update Warsaw office rental downturn ending, but recovery still some way off It now looks likely that Warsaw office rents fell by between 3% and 5% last year, in line with our forecasts. We think that office rents should now stabilise, as occupier demand turns increasingly... 14th January 2014 · 1 min read
Europe Commercial Property Update Subdued sentiment to hold back European property values The surge in UK economic sentiment appears to be breathing new life into occupier markets outside London and is a key reason why we expect commercial property values in the UK as a whole to do well in... 9th January 2014 · 1 min read
Europe Commercial Property Update Next move in Spanish office vacancy rates likely to be downwards Signs that Spain's labour market has now turned a corner, both nationally and in its two largest cities, are clearly good news for office occupier markets. Falls in unemployment over the past year... 7th January 2014 · 1 min read
Europe Commercial Property Update Another good year in store for European logistics investment volumes Together with the fact that European logistics property yields look high in relation to the other main commercial property sectors, we think that the message from Eurostat's 2013 household ICT usage... 2nd January 2014 · 1 min read
Europe Commercial Property Update Could Hungary's investment market be on the cusp of recovery? There are plenty of reasons to be optimistic about the outlook for the Hungarian commercial property investment market. This afternoon’s further cut in interest rates, to a fresh record low of 3%... 17th December 2013 · 1 min read
Europe Commercial Property Update Copenhagen industrial market set to outperform The latest economic data from Denmark suggest that industrial occupier conditions in Copenhagen are on the mend. And with rental values more than 10% below a linear trend, and yields more than 10%... 10th December 2013 · 1 min read
Europe Commercial Property Update Further falls likely in Amsterdam's structurally high vacancy rate Amsterdam’s “Action Programme to Tackle Vacant Offices” appears to be bearing fruit. The total office stock has shrunk over the past year and, despite weak occupier demand, the vacancy rate has fallen... 4th December 2013 · 1 min read
Europe Commercial Property Update Are Norwegian property values poised to spike again? Norwegian commercial property outperformed over 2009-12 and has recently accelerated again. Yet with rents now back at or above past peaks and yields at historically low levels, the headroom for... 21st November 2013 · 1 min read
Europe Commercial Property Update How long can the surge in Irish property values last? All-property capital values in Ireland are 20% higher than a year ago and there is scope for further strong, yield-driven gains over the next quarter or two. To us, it seems inevitable that the pace... 19th November 2013 · 1 min read
Europe Commercial Property Update Is the RICS survey right about property prospects in Emerging Europe? The message from the latest RICS survey was that property prospects in most parts of Emerging Europe are subdued, a view we broadly share. The exceptions are the Czech Republic, where we think capital... 12th November 2013 · 1 min read
Europe Commercial Property Update Investment market recovery not warranted by occupier fundamentals Increased optimism in the euro-zone’s economic outlook may have prompted some investors to look through what they perceive to be the final stages of the occupier market downturn. But October’s fall in... 7th November 2013 · 1 min read
Europe Commercial Property Update Is the dip in Prague office rents the start of a softer trend? The dip in Prague office rents in the third quarter was consistent with our existing forecast and is not a cause for alarm. That said, with only a modest upturn in occupier demand likely over the next... 31st October 2013 · 1 min read
Europe Commercial Property Update Investment case for Italy weaker than Spain The recent return of some international investors to commercial property markets in Spain and Italy seems to reflect the rapid turnaround in sentiment in both economies over the past year or so. Our... 30th October 2013 · 1 min read
Europe Commercial Property Update Low interest rates supportive of Stockholm office values... for now Stockholm's office market appears to be in relatively good shape. Economic sentiment is rising, credit conditions for commercial property are strengthening, while this morning's decision by the... 24th October 2013 · 1 min read
Europe Commercial Property Update Is Polish property at a turning point? Recent data pointing to a sharp upturn in the Polish economy bode well for a gentle recovery in retail and industrial capital values in 2014. But the office market faces rising vacancy rates and a... 23rd October 2013 · 1 min read
Europe Commercial Property Update German office occupier demand set to strengthen Third-quarter agency data show that, overall, office occupier market activity in Germany's major markets has continued to trend lower. But take-up levels remain relatively high, while the positive... 18th October 2013 · 1 min read
