Europe Commercial Property Update Amsterdam retail rental outperformance won’t last Retail rental value growth in Amsterdam over the past year has been strong relative to other euro-zone markets and also relative to the office sector. In our view, there is little justification for... 24th November 2011 · 1 min read
Global Markets Update Worse to come for “core” euro-zone bonds? The yields on government bonds issued by France, Austria, Belgium and the Netherlands have risen sharply in recent weeks in a worrying sign that the euro-zone’s debt crisis is starting to rot its... 21st November 2011 · 1 min read
Europe Commercial Property Chart Pack Weaker investment flows in the pipeline Uncertainty about the euro-zone economic outlook is prompting property investors to act more cautiously. Activity in Q3 was driven by deals initiated before the summer’s turmoil. We agree with survey... 21st November 2011 · 1 min read
Europe Commercial Property Outlook Capital values to fall back in 2012 and 2013 We expect the euro-zone to fall back into recession in 2012 and 2013. We have therefore cut our commercial property forecasts to reflect the weaker economic backdrop. Over the next two years, we... 10th November 2011 · 1 min read
Europe Economic Outlook Deepening crisis to prompt widespread recession The euro-zone debt crisis is having a severely damaging impact on the European macro-economy. Not only are the troubled peripheral economies set to remain deep in recession, but growth prospects have... 3rd November 2011 · 1 min read
Europe Commercial Property Update Will industrial rents in Belgian and Dutch markets continue to lead? The relatively strong macro drivers of industrial occupier demand in Belgium and the Netherlands are consistent with the fact that industrial rents in Brussels and Amsterdam are outperforming the rest... 16th August 2011 · 1 min read
Europe Commercial Property Outlook Europe’s fiscal crisis will dent the occupier market recovery The weakening economic outlook for the euro-zone economy is likely to act as a brake on the recovery in commercial property markets over the next year or two. Rental value growth will moderate in most... 5th August 2011 · 1 min read
Europe Economic Outlook Crisis deepens as slowdown spreads to the core The latest rescue package for Greece has reduced the threat of a near-term catastrophe in the eurozone.But it does not address the fundamental problems facing Greece itself and is unlikely to bring an... 27th July 2011 · 1 min read
Europe Commercial Property Update Q4 2010 RICS global survey: too gloomy on the Netherlands? There are certainly some reasons to suggest that the prospects for rental value and capital value growth in the Netherlands are weaker than in most euro-zone markets. However, we think that latest... 15th February 2011 · 1 min read
Europe Commercial Property Update Falls in Dutch retail yields are starting to fizzle out Q3’s sharp slowdown in the pace of Dutch retail yield falls supports our view that there is little value left in the market. Although sound public finances and a solid labour market are positive... 20th October 2010 · 1 min read
Europe Commercial Property Update Why are Dutch retail yields leading the euro-zone recovery? Boosted by the low level of unemployment and relatively attractive pricing, strong demand among large institutional investors has pushed prime retail yields down in the Netherlands more so than... 20th August 2010 · 1 min read
Europe Commercial Property Update Sustained rises in Dutch office vacancy rates will impact rental values To date, Dutch office rental values have proved remarkably resilient to the sharp spike in vacancy rates. Yet, with demand still weakening and new supply still running at uncomfortably high levels, if... 8th June 2010 · 1 min read
Europe Commercial Property Update Resilience of Dutch retail rents unlikely to last The fading recovery in consumer confidence highlights the fact that retail occupier demand in the Netherlands is likely to remain pretty fragile. And with property-specific supports to headline rental... 21st April 2010 · 1 min read
Europe Commercial Property Update Has the Netherlands office market avoided a severe rental recession? Although Dutch office rental values have held up well to date, with low occupier confidence and a high volume of completions expected this year, we think the rental value correction has a little... 18th March 2010 · 1 min read
Europe Commercial Property Update Retail yield correction in the Netherlands still underway Over the past two years the prime retail yield in Amsterdam has gone from one of the lowest in the euro-zone to one of the highest. Given the relatively weak performance of Dutch retail sales, this... 17th November 2009 · 1 min read
Europe Commercial Property Update Why have French yields risen more than Italian and Dutch yields? At first glance it seems a little surprising that initial yields in France are now above those in Italy and the Netherlands. Foreign investors’ share of the French investment market has fallen... 8th October 2009 · 1 min read