Europe Commercial Property Update Dublin office rents set to fall on rising vacancy Dublin’s large office pipeline has started to push vacancy higher, in spite of strong take-up volumes. As occupier demand softens, further increases in vacancy will start to put downward pressure on... 26th October 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
Nordic & Swiss Economic Outlook SNB lagging behind in the monetary tightening cycle Economic growth in Switzerland and across the Nordics looks set to remain pretty strong over the coming years. But inflationary pressures vary significantly between countries. We think that central... 20th July 2018 · 1 min read
Europe Economics Update Ireland is faring better than GDP data suggest Ireland’s GDP contracted in Q1, but this tells us next to nothing about the underlying state of the economy. Other indicators are much more encouraging and, despite some big risks to the outlook, we... 19th July 2018 · 1 min read
Europe Commercial Property Update Signs point to slower Dublin industrial rental growth Prime industrial rents in Dublin jumped by close to 5% in Q1, driven by strong demand. But with Ireland’s economy cooling, and the prospect of increased speculative development, the easing in the rate... 5th July 2018 · 1 min read
Europe Commercial Property Update Are we too optimistic on Dublin retail rents? Q1 data indicate a rise in prime Dublin retail rents, following last year’s stagnation. With strong demand and supply fundamentals, we think rents will rise further over the next couple of years, but... 11th May 2018 · 1 min read
Europe Data Response Irish GDP (Q4) Ireland’s GDP had another very strong year in 2017. While that tells us little about actual economic activity taking place in the country, other more reliable indicators suggest that the economy... 15th March 2018 · 1 min read
Europe Economics Update How well is Ireland's economy really performing? Ireland’s national accounts are notoriously unreliable as indicators of domestic economic activity, but alternative indicators suggest that the economy is performing well. Looking ahead, while growth... 13th February 2018 · 1 min read
Europe Commercial Property Update Calling time on the recovery in Dublin office rents The last five years have seen prime office rents in Dublin fully recover from their post-crisis lows. But we now think that a lower natural rate of vacancy and growing pipeline will see rents start to... 6th February 2018 · 1 min read
Nordic & Swiss Chart Pack Denmark weak in Q3, Sweden powered ahead The Nordic and Swiss Q3 GDP data revealed large differences between the best and worst performing economies. A quarterly contraction of 0.6% meant that Denmark underperformed the rest of the pack by a... 12th December 2017 · 1 min read
Europe Economics Update What would a “hard border” mean for Ireland? A so-called “hard border” between Ireland and the UK could hit the Irish economy pretty hard. But it would also present some opportunities, for example from UK financial firms relocating to Dublin. 29th November 2017 · 1 min read
Europe Commercial Property Update Stamp duty hike likely to call time on Dublin property With investors now forced to fund an additional 4% in transaction costs, Ireland’s decision to increase stamp duty on commercial property will add to the slowdown in the market. Furthermore, with... 13th October 2017 · 1 min read
Europe Commercial Property Update Can Dublin industrial returns continue to outperform? Rental growth has been the driver of total returns in Dublin commercial property. But with the largest rental increases behind us, yield shifts will now play a greater role. Given the likelihood of... 22nd September 2017 · 1 min read
Europe Data Response Ireland GDP (Q2) After falling in Q1, Ireland’s GDP only partially rebounded in Q2. That said, the data are notoriously unreliable as a measure of domestic activity. Other more reliable indicators suggest that the... 15th September 2017 · 1 min read
Europe Data Response Ireland GDP (Q1) The fall in Ireland’s GDP in Q1 is not a major concern. The data are notoriously unreliable as a measure of underlying activity, and other indicators suggest that the economy is performing well. We... 14th July 2017 · 1 min read
Europe Commercial Property Update Are investors questioning rental growth prospects in Dublin? With a large pipeline, concerns about future rental growth are probably behind the flat-lining of prime Dublin office yields. But while rental growth will ease, we don’t think rents are about to fall. 27th June 2017 · 1 min read
