RICS survey sours on France, turns upbeat on values

The Q2 RICS survey showed that sentiment toward offices is improving – occupier demand balances saw the largest sectoral rise and rent and value growth expectations were raised. With year-ahead capital value expectations also positive for all sectors for the first time in two years, evidence that the market has bottomed is growing. Meanwhile, France was the only major market where occupier demand and investor sentiment worsened in Q2. As political uncertainty there is set to persist, sentiment will likely remain weak.