Europe Economic Outlook Running into troubled waters Supply chain problems will slow the recovery and keep inflation above target until around the middle of next year. Beyond that, however, the economy should get back on track. After regaining its pre... 19th October 2021 · 31 mins read
Europe Commercial Property Update Why are prime industrial rental values not taking off? Despite strong demand, we think that high capital values have kept development profitable and have prevented an acceleration in euro-zone prime industrial rental value growth. However, as capital... 15th October 2021 · 3 mins read
Europe Chart Pack Headwinds strengthening Supply shortages and rising energy prices are becoming stronger headwinds to the euro-zone recovery. The latest data from Germany showed sharp falls in industrial orders and production, with... 7th October 2021 · 11 mins read
Europe Commercial Property Outlook Sector fortunes to shift While the Delta variant has slowed economic activity in other parts of the world, this has not yet been the case in the euro-zone, and we are cautiously optimistic that the bloc will continue to grow... 16th September 2021 · 31 mins read
Europe Economics Weekly Industry holds back otherwise strong recovery This week provided yet more good news on the euro-zone, with case numbers falling consistently in some countries, vaccine rollouts on track, and both the survey and official data suggesting that the... 6th August 2021 · 5 mins read
Europe Commercial Property A primer on European residential property Less favourable demand fundamentals and less scope for yield compression mean that European residential returns are likely to be lower in the coming years than over the previous decade. An analysis of... 27th July 2021 · 17 mins read
Europe Economic Outlook Strong rebound and temporary rise in inflation The euro-zone is on the way to an almost full recovery. We expect Germany to regain its pre-pandemic level of activity later this year and the tourist-dependent southern countries to do so next year... 16th July 2021 · 33 mins read
Europe Commercial Property Update Is WFH a double-edged sword for Dutch offices? A more favourable economic outlook should support occupier demand and thereby prime Dutch office rents over the next few years. And while the shift to more remote working poses a risk, we think that... 31st July 2020 · 3 mins read
Europe Economics Update How quickly will euro-zone activity return to normal? Although restrictions are set to be lifted in the coming weeks, economic activity in the euro-zone will remain significantly below pre-virus levels for a long period. Consumers are likely to be wary... 29th April 2020 · 5 mins read
Europe Economic Outlook ECB to keep pushing on a string We expect economic growth to remain sluggish this year as external demand picks up only slowly and domestic demand softens. Employment growth is slowing, which will cause household incomes and... 21st January 2020 · 30 mins read
Europe Commercial Property Update Still value in shopping for logistics in the Netherlands The Dutch retail sector is grappling with changing consumer habits and will struggle to provide a positive return to investors. But, with online sales set to grow rapidly and supply chains still... 11th November 2019 · 3 mins read
Europe Economics Update Eight quick points about the European elections Projections of the results of the European elections confirm that pro-European parties will continue to have a clear majority in the European Parliament (EP) itself, so little will change at EU level... 27th May 2019 · 1 min read
Europe Commercial Property Update Rotterdam offices top the league With prime rents in Rotterdam expected to grow by 7.5% in the next three years, we expect strong investor demand for the city to drive some of the largest office sector yield falls in Europe. This... 18th April 2019 · 1 min read
Europe Economics Update Dutch current account surplus to remain high In our view, the Netherlands’ huge current account surplus, at around 10% of GDP last year, is unlikely to fall much anytime soon. Household saving will stay high, the government budget will remain in... 1st February 2019 · 1 min read
Europe Economic Outlook Missing the global tightening cycle The euro-zone should regain some momentum in the coming months, at least compared to its dire performance at the end of last year. But we think the economy will expand by just 1% in 2019 as a whole... 18th January 2019 · 1 min read
Europe Economics Update What to expect from elections in Europe this year In a busy election calendar this year, the focus will be on the rise of populist and euro-sceptic parties. Elections for the European Parliament in May are the most high profile event, but there will... 17th January 2019 · 1 min read