Europe Economics Update Dutch housing boom near its peak The housing boom that has been one of the prime drivers of Dutch economic growth in recent years is likely to be close to its peak. As a result, growth is likely to slow in the coming years. But we do... 28th November 2018 · 1 min read
Europe Economic Outlook Modest slowdown masks large divergences Prospects for Europe have deteriorated somewhat as slowing global demand has begun to affect exports and a sharp rise in bond yields has darkened the outlook for Italy. Some of the major players... 17th October 2018 · 1 min read
Europe Commercial Property Update Prospects for Dutch retail rents revised lower Changing shopping patterns and pockets of new supply in both Amsterdam and Rotterdam have meant that Dutch high street rents have not performed as well as might be expected given the strong consumer... 26th September 2018 · 1 min read
Europe Data Response German & Dutch GDP (Q2) The stronger-than-expected expansions in Germany and the Netherlands in Q2 provide some hope that the euro-zone economy may have grown more strongly in Q2 than initially estimated. This should... 14th August 2018 · 1 min read
Europe Commercial Property Update Rotterdam offices rising up the charts A lack of available space and high rental levels in Amsterdam are boosting office demand in Rotterdam. Investment demand has already increased, but is set to stay strong in the next couple of years... 2nd August 2018 · 1 min read
Europe Data Response German & Dutch GDP (Q1) The sharper-than-expected slowdowns in both German and Dutch GDP in Q1 suggest that there is a risk that euro-zone GDP will be revised down from the first estimate of 0.4% q/q. But with Q1’s weakness... 15th May 2018 · 1 min read
Europe Commercial Property Update Are Amsterdam office rents getting too high? As the balance of supply and demand in Amsterdam offices shifts yet further in favour of landlords, we expect the vacancy rate to fall to around 4.5% and prime rents to climb to €450/sqm/yr by the end... 19th April 2018 · 1 min read
Nordic & Swiss Economics Update The outlook for bonds in Switzerland and the Nordics The Nordic central banks are all moving towards tightening monetary policy, albeit at different speeds. We think that higher interest rates will come first in Sweden, pushing up government bond yields... 20th March 2018 · 1 min read
Nordic & Swiss Economics Update Will Nordic and Swiss equities continue to struggle? After a tough start to 2018, we think that equities in the Nordic countries and Switzerland will continue to struggle over the next couple of years. But their performance will be far from uniform. 7th March 2018 · 1 min read
Europe Economics Update Rising Dutch house prices to support economic growth The Dutch housing market is set to perform well this year and next. And as there is a strong link between house prices and consumer spending, this should give the already strong-economy a further... 26th February 2018 · 1 min read
Europe Data Response Italian, Dutch & Portuguese GDP (Q4) Q4 GDP data showed that Italy’s economy performed fairly well last year but that it is still lagging behindthe rest of the euro-zone. Despite the recent strength of the surveys, we doubt that this... 14th February 2018 · 1 min read
Europe Commercial Property Update Improving outlook for secondary assets in Netherlands The surprisingly strong economic recovery in the Netherlands is giving investors the confidence to move up the risk curve, following a long period in which prime property was the only ticket in town. 29th September 2017 · 1 min read
Nordic & Swiss Chart Pack Q2 GDP data a mixed bag, but timelier data look strong The Q2 GDP data for the Nordic and Swiss economies were a mixed bag, but more timely indicators point to a strong second half of the year. 13th September 2017 · 1 min read
Europe Economics Weekly Ten years on, is the euro-zone out of the woods? Ten years ago this week marked the start of the global financial crisis and a challenging time for the euro-zone economy. In many respects, the euro-zone finally appears to be out of the woods. Growth... 11th August 2017 · 1 min read
Europe Economic Outlook Euro-zone will continue to impress The European economies are still in good shape, with the euro-zone benefitting from reduced political uncertainty and high levels of business and consumer confidence. We think that this strong... 19th July 2017 · 1 min read
Europe Commercial Property Update Falling Amsterdam office stock to drive rental value surge Amsterdam office vacancy has dropped from 17% to 8%, but we expect it to fall to 4% by 2019 as limited completions are outstripped by stock removals. This will drive a 15% lift in prime rents and will... 23rd June 2017 · 1 min read