European Commercial Property

Euro-zone Commercial Property Outlook

11 September, 2017

ECB draws nearer to turning off the stimulus tap

European occupier markets have continued to benefit from the strengthening economic environment. Low risk-free rates still provide some limited scope for prime yields to fall. But as government bond yields eventually rise further, this will start to put upward pressure on property yields. And with capital value gains front-loaded over our forecast period, income streams will become increasingly important.

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