Europe Economics Update Dutch labour market downturn to deepen The Dutch labour market – once the envy of the euro-zone – will continue to shed jobs over the coming year. And as firms attempt to recover previous sharp falls in productivity, employment growth is... 20th September 2013 · 1 min read
Europe Commercial Property Update Still a long way to go for Italian and Dutch GOEF liquidations Changes to the legislation governing German Open-Ended Funds (GOEFs) this year seem to have been well received. The overall value of the sector has stabilised and new fund launches are being planned... 19th September 2013 · 1 min read
Europe Commercial Property Outlook No boom, but better times to come The economic outlook for the euro-zone has brightened since our previous Analyst, prompting us to increase our forecasts for commercial property capital values and total returns. Indeed, our less... 28th August 2013 · 1 min read
Europe Economics Focus The sinking Dutchman: slump in consumption to deepen By 2014, the Netherlands will have seen an unprecedented fall in household spending. The resulting weakness in the Dutch economy will undermine attempts to address euro-zone imbalances, while... 22nd August 2013 · 1 min read
Europe Economics Update Dutch households sinking deeper into the doldrums Burdened by the euro-zone’s most indebted households, the Netherlands is stuck in its third recession in five years. With pressure on households likely to intensify, the country’s AAA-rating will come... 4th July 2013 · 1 min read
Europe Economics Update What the Dutch current account says about the euro-zone As the euro-zone periphery struggles to pay off its external debt, core countries like the Netherlands are still running record current account surpluses. But the Netherlands seems unlikely to reduce... 17th June 2013 · 1 min read
Europe Data Response Euro-zone GDP (Q1) Q1’s flash euro-zone GDP estimate confirmed that while the euro-zone economy performed rather better in Q1 than Q4, it remained in recession. 15th May 2013 · 1 min read
Europe Commercial Property Focus GOEF crisis enters new phase Looming deadlines for stricken German open-ended funds to complete their liquidation processes – or hand over remaining assets to their respective custodian banks – mean that the supply of property... 22nd April 2013 · 1 min read
Europe Commercial Property Update First signs that Amsterdam retail rents will not defy gravity forever The run of dismal consumer sector data from the Netherlands helps to explain why the level of retail yields in Amsterdam is high relative to other major euro-zone retail markets. Indeed, this could be... 19th April 2013 · 1 min read
Europe Economic Outlook The crisis continues Recent events in Italy, Cyprus and Portugal have put a dent in hopes that the three-year crisis in the euro-zone is finally drawing to a close. Meanwhile, previous tentative signs that the broader... 10th April 2013 · 1 min read
Europe Economics Update Weak Dutch economy adds to troubles in the core Recent data from the Netherlands have added to evidence from France that the euro-zone’s economic problems go well beyond the region’s periphery. We expect the Dutch Government’s opposition to... 5th March 2013 · 1 min read
Europe Commercial Property Update Surveyors sound alarm bells for French and Dutch rents The generally weak picture of European commercial property occupier markets portrayed by the latest RICS global survey is broadly consistent with our own views on the near-term prospects for rental... 6th February 2013 · 1 min read
Europe Economic Outlook Euro-zone recession to deepen in 2013 While the lull in the euro-zone debt crisis has continued in recent months, the news on the region’s economy has remained distinctly downbeat. Despite some improvement towards the end of last year... 9th January 2013 · 1 min read
Europe Commercial Property Update Will retail rents in Amsterdam and Helsinki continue to trend up? The relatively strong rise in Helsinki retail rental values seen since 2010 is not difficult to square with the underlying health of the Finnish economy. But it is less straightforward to justify... 11th December 2012 · 1 min read
Europe Economics Focus How the core should respond to a euro break-up Sharp appreciations in the euro-zone’s core countries would threaten to damage their exports and GDP in the event of a euro-zone break-up. But there are various policies that could be implemented to... 29th November 2012 · 1 min read
Europe Commercial Property Update Will core market property yields be immune to the downturn? Outside the peripheral markets, the economic downturn in the euro-zone has yet to have a material impact on commercial property values. Yet if the recession deepens as we anticipate, the next six... 27th November 2012 · 1 min read