UK Commercial Property Data Response IPF Consensus Forecasts (Q3 13) The spike in mortgage interest rates has taken a toll on housing market activity, but we don’t expect it to knock the housing recovery off course. Nevertheless, with the inventory of homes for sale... 6th September 2013 · 1 min read
Europe Commercial Property Update What can we glean from regional unemployment data in the euro-zone? Unlike in Germany, regional labour market data from elsewhere in the euro-zone do not give much of a steer on the likely near-term paths of local office market vacancy rates. However, they do suggest... 6th September 2013 · 1 min read
Europe Commercial Property Update Euro-zone retail occupier markets strengthening, but values still at risk The main issue with UK regional indicators published in August was the poor economic performance that the Labour Force Survey ascribed to several regions, including London. Our view is that the LFS... 4th September 2013 · 1 min read
UK Commercial Property Data Response Construction PMI (Aug.) and Mergers & Acquisitions (Q2 13) August’s CIPS/Markit PMI indicated that developers anticipate a pick-up in occupier demand in the next few quarters, while the latest mergers and acquisitions (M&A) data were also encouraging. Our... 3rd 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
UK Commercial Property Chart Pack Capital values up for second month in a row Despite flat rents, a further small fall in yields in July was enough for all-property capital values to tick up by 0.2%m/m, the second such rise in a row. Meanwhile, investment market activity was... 23rd August 2013 · 1 min read
Europe Commercial Property Update What is the outlook for German office vacancy rates? The German economy seems to be getting back onto a solid footing. However, given the normal lags between developments in the economy and the property market, changes already seen in regional labour... 22nd August 2013 · 1 min read
UK Commercial Property Update Jobs pick-up in Scotland and North West a better sign for rents The pace of employment growth has slowed in several regions over the past few months but picked up in Scotland and the North West. Other factors such as existing vacancy rates are obviously relevant... 21st August 2013 · 1 min read
Europe Commercial Property Update Could falls in Brussels office yields be sustained? The last few weeks have brought increased evidence that the Brussels office market is gaining popularity with national and international investors. For now, occupier market conditions remain pretty... 19th August 2013 · 1 min read
Europe Commercial Property Update Warsaw office market rental downturn has a little further to run The latest data suggest that occupier demand in the Warsaw office market is beginning to strengthen again. But with employment in the Polish capital still low and the near-term office development... 15th August 2013 · 1 min read
UK Commercial Property Update Deals data: a reminder that property outlook has some clouds Despite anecdotal evidence that the regions are coming back into focus, the latest commercial property transactions data suggest that London continues to take most of investors’ attention. Without... 15th August 2013 · 1 min read
Europe Commercial Property Update Returning confidence in the Italian property market premature Signs of a renaissance in Italy’s commercial property investment market appear to be heavily reliant on investors targeting distressed property. To the extent that most investors are unwilling to buy... 12th August 2013 · 1 min read
UK Commercial Property Update Low corporate bond yield spreads a sign of sturdy tenant base Corporate bond yield spreads are currently pretty low in an historical context and suggest that there are few fears about the viability of UK firms. At the margin, this is another reason to think that... 9th August 2013 · 1 min read
Europe Commercial Property Focus Is the Bucharest commercial property market at a turning point? With domestic demand still weakening, the near-term outlook for Bucharest’s logistics and retail property sectors is subdued. But there is some potential for office-based employment to rise from here... 8th August 2013 · 1 min read
UK Commercial Property Update Could all-retail rents begin to rise this year? The continued improvement in consumer-related economic indicators clearly bodes well for retail property rents, with the recent lack of new development raising the scope for hotspots to emerge outside... 6th August 2013 · 1 min read
UK Commercial Property Data Response RICS Property Survey (Q2) & CIPS/Markit Construction PMI (Jul.) Both Q2’s RICS commercial property survey and July’s CIPS/Markit construction PMI had a positive tone and add to a range of other evidence that the next move in rents will be upwards. Of course, with... 2nd August 2013 · 1 min read
