Skip to main content

Sharpest fall in all-property values on record

Capital value falls accelerated in Q4 as euro-zone all-property yields surged higher. And although rents increased in both offices and industrial, the outsized jump in yields meant euro-zone all-property capital values fell by about 8% q/q – the sharpest quarterly drop on record. This decline took the total peak-to-trough fall in values so far to around 13.5%. And with rent growth slowing and further yield rises anticipated in H1, our forecast of a 15% peak-to-trough fall now looks optimistic.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access