Non-Euro Europe Commercial Property Chart Pack Emerging European property falling out of favour The sharp fall in investment volumes in Emerging Europe in the second quarter may prove only temporary. But it also seems consistent with the drop in consensus forecasts for Poland and Russia... 1st August 2013 · 1 min read
Europe Commercial Property Update When will office rents in Milan and Paris turn the corner? In contrast to most euro-zone markets, the downturn in Milan and Paris office rental values was extended in the second quarter. The comparatively high level of rents in each market, the rising trend... 30th July 2013 · 1 min read
UK Commercial Property Chart Pack First meaningful capital value rise in two years Initial yields edged down in June. Combined with the small rise in rental values, this was enough for all-property capital values to increase by 0.2%m/m. This was the first significant increase in... 25th July 2013 · 1 min read
UK Commercial Property Data Response RICS Construction Survey (Q2 13) The balance of surveyors reporting rising workloads in the private commercial and industrial sub-sectors of the construction industry hit a four-and-a-half year high in the second quarter. This... 24th July 2013 · 1 min read
Europe Commercial Property Update Are euro-zone retail rental values at a turning point? Agency data show that prime euro-zone retail rental value growth came to an abrupt halt in Q2. With the underlying macroeconomic drivers of retail occupier demand still poor, we think that retail... 23rd July 2013 · 1 min read
Europe Commercial Property Update Falls in Brussels office yields look unsustainable Preliminary data that show prime office yields in Brussels fell in Q2 are hard to square with the weak picture of underlying occupier demand. Given this, we would not be surprised if the fall in... 19th July 2013 · 1 min read
UK Commercial Property Update Pick-up in distribution warehouse rents unlikely to be far away Given recent outperformance by consumer-related sectors of the economy, it is little surprise that distribution warehouse property has also fared relatively well. Granted, rents in the sector are yet... 18th July 2013 · 1 min read
Europe Commercial Property Update Swiss occupier markets: what do the latest macro data tell us? Switzerland’s robust domestic economy is supporting retail occupier demand and rental values. By contrast, falling exports and slowing employment growth mean that the office and industrial occupier... 17th July 2013 · 1 min read
UK Commercial Property Update Leisure property remains on track to outperform To us, the prospects for consumer spending on leisure services remain pretty good and anecdotal evidence certainly suggests that institutional buyers are increasingly targeting leisure property. We... 15th July 2013 · 1 min read
Europe Commercial Property Update Could the gap between yields in Prague and Warsaw narrow? Over the past five years, investors’ preference for property in Warsaw above Prague has been mirrored by yields in the Polish capital moving the lower of the two. But now that occupier market... 12th July 2013 · 1 min read
UK Commercial Property Update Prospects for South East offices still look relatively good One “big call” that has been part of our forecasts for some time now is that South East offices will be amongst the best performing segments over the next year or two. To be fair, rents and capital... 10th July 2013 · 1 min read
Europe Commercial Property Update German logistics capital values set to disappoint Our view that logistics property in Germany will underperform the other main commercial property sectors over the coming years is underpinned by the fact that, in both an international and historic... 9th July 2013 · 1 min read
UK Commercial Property Focus Is the revival of hotel investment a sign of better times ahead? To us, the recent surge in hotel deals is not indicative of any sharp, sector-specific improvement in the underlying demand drivers. Instead, investors simply seem to have been making opportunistic... 8th July 2013 · 1 min read
Europe Commercial Property Update Russian property: is the best now behind us? The structural slowdown in Russian economic growth suggests that commercial property rents will enter a lower growth phase. This is a concern given that sustained, decent rates of rental growth are... 5th July 2013 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Jun.) The construction PMI indicates that, after four months of falls, commercial property activity was broadly stable in June. This hardly suggests that developers anticipate a surge in occupier demand or... 2nd July 2013 · 1 min read
Europe Commercial Property Update Ireland – a false dawn for property? News that the Irish economy is back in recession is a reminder that Dublin’s property market still faces significant headwinds. Indeed, all-property capital values in Dublin could yet suffer another... 2nd July 2013 · 1 min read
