UK Commercial Property Update South East offices could be a segment to watch Given that the economic backdrop is still so weak, it remains difficult to see a trigger for a widespread commercial property recovery in the near term. But the South East office market has shown... 10th August 2012 · 1 min read
Non-Euro Europe Commercial Property Outlook Investor appetite for Emerging Europe to stay soft The euro-zone crisis already appears to be having a detrimental impact on economic growth across the rest of Europe and over the next two years, most non-euro-zone economies will experience a period... 8th August 2012 · 1 min read
Europe Commercial Property Outlook Euro-zone property to underperform The unfolding recession in the euro-zone has considerably further to run. And it does not bode well for commercial property. Occupier demand will weaken and most markets will see fresh falls in rental... 8th August 2012 · 1 min read
UK Commercial Property Update Non-prime and prime yield divergence continues in Q2 The latest IPD data confirmed that yields on the best quality property have remained resilient in the face of renewed recession, but also that lower-grade stock continues to lose value. With both... 7th August 2012 · 1 min read
No respite in sight The short-term outlook for economic growth across the euro-zone is poor. All member states are likely to contract in 2013, if not 2012. The recession in the euro-zone will also act as a major drag on... 6th August 2012 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Jul.) The latest CIPS/Markit construction PMI suggests that development activity in the commercial property sector continues to increase slowly. However, with the recession not over yet, this apparent... 2nd August 2012 · 1 min read
Europe Commercial Property Update Are low retail property yields in Brussels justified? At around 4.5%, Brussels retail yields are back very close to the lows recorded in late 2007 and early 2008. On this basis, only in Vienna and some German cities does retail property look more... 2nd August 2012 · 1 min read
Europe Commercial Property Update Can upward momentum in Moscow office rents reignite? After a strong upturn in 2010 and most of 2011, office rents in Moscow have stabilised. Given that the economy is likely to slow and that the vacancy rate amongst the capital’s existing office stock... 31st July 2012 · 1 min read
Europe Commercial Property Update Industrial rent outlook is weakest in Hungary and Czech Republic Exports to the troubled, peripheral euro-zone economies account for a relatively high share of GDP in both Hungary and the Czech Republic. And the open nature of both economies also leaves them... 26th July 2012 · 1 min read
UK Commercial Property Data Response Colliers/Real Estate Capital Pricing Survey The latest Colliers/Real Estate Capital survey seems to confirm that strong investor interest is supporting the value of prime property relatively well, with poorer quality stock bearing the brunt of... 26th July 2012 · 1 min read
Europe Commercial Property Focus How will European retail rental values weather a fresh recession? Over the next couple of years, the response of Western European retail rental values to weak consumer spending is likely to be muted, in other words more similar to the experience of 2008/9 than to... 24th July 2012 · 1 min read
UK Commercial Property Data Response UK Commercial Property Data Response The latest RICS data suggest that, over the next six to nine months, developers anticipate the commercial property occupier market staying pretty flat. That is not unreasonable, but given that the... 20th July 2012 · 1 min read
Europe Commercial Property Update Is the office development pipeline still a risk to the Paris rental outlook? The latest indicators from the Paris office market suggest that occupier demand is softening while development activity is picking up. Accordingly, our concern that the city will face a supply... 19th July 2012 · 1 min read
Europe Commercial Property Update Despite safe-haven status, Swiss property yields likely to rise We think that the safe-haven status of Switzerland’s commercial property market has allowed Swiss all-property yields to fall to very low levels. But now they look stretched and vulnerable to a... 18th July 2012 · 1 min read
UK Commercial Property Update H1 is done and capital values on track for full-year decline of 6% In the first six months of 2012, all-property rental values have been surprisingly resilient to renewed recession, but the upward trend in yields that we had expected has become reality. On top of the... 17th July 2012 · 1 min read
Europe Commercial Property Update Fall in Bund yields does not change weak property price outlook The sharp fall in 10-year German Bund yields since the end of Q1 has pushed all-property/Bund yield spreads in the euro-zone to new highs. Clearly, property yields now incorporate some allowances for... 12th July 2012 · 1 min read
