Europe Commercial Property Update Swedish industrial rental outperformance on shaky ground This morning’s news that Swedish GDP contracted by 1.1%q/q in Q4 last year suggests that our forecast for Stockholm industrial rents to fall by 1% this year may now prove to be too optimistic. Whether... 29th February 2012 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Jan.) Although they will come as little surprise to market participants, the latest data from the Bank of England confirm that the availability of credit for commercial property transactions continued to... 29th February 2012 · 1 min read
Europe Commercial Property Update Too early to sound the all clear for the Dublin office market The strong increase in take-up in the Dublin office market in 2011 is not as encouraging as it first seems. For one thing, survey evidence and labour market data suggest that the strength of... 28th February 2012 · 1 min read
Non-Euro Europe Commercial Property Chart Pack Emerging European outperformance fading 2011 was a relatively strong year for Emerging European commercial property markets. But falls in yields and increases in rents became smaller and less widespread in the final quarter of the year. As... 24th February 2012 · 1 min read
UK Commercial Property Data Response IPF Consensus Forecasts (Q1) The brighter tone of some of the economic surveys of late has not been reflected in Consensus forecasts for commercial property. Respondents to the latest IPF survey have cut their forecasts for... 24th February 2012 · 1 min read
UK Commercial Property Chart Pack UK institutions make a comeback in January Much of the economic data has had a slightly healthier tone this month, but it is too soon to know how durable the apparent improvement might be. Meanwhile, although rental values were flat again in... 22nd February 2012 · 1 min read
Europe Commercial Property Update Euro-zone commercial property recovery hopes dashed by PMIs This morning’s “flash” release of euro-zone PMI data poured cold water on hopes that Q4’s quarterly economic contraction would be a one-off. Indeed, it looks as though the euro-zone is now in a... 22nd February 2012 · 1 min read
Europe Commercial Property Chart Pack Yield recovery on the brink of going into reverse The final quarter of 2011 brought the strongest evidence yet that the downward phase in euro-zone commercial property yields has not only come to an end, but has started to go into reverse. Falling... 16th February 2012 · 1 min read
UK Commercial Property Update Jobs growth unlikely to be a sign of rising occupier demand The fact that employment began to rise again in the final stages of 2011 may be less positive for the occupier demand outlook than it appears at first sight. Driven entirely by part-time jobs, the... 16th February 2012 · 1 min read
Europe Commercial Property Update Fresh recession in the Czech Republic weighing on property outlook News from the Czech Republic this morning revealed that it slipped back into a technical recession in the second half of 2011. This has had little meaningful impact on the commercial property market... 15th February 2012 · 1 min read
UK Commercial Property Outlook The double-dip in property prices is here Capital values edged down in the final stages of 2011 and the weak macroeconomic outlook means that this will not be a blip. The economy will drop back into recession this year. And that will push IPD... 13th February 2012 · 1 min read
Europe Commercial Property Update Is Dutch commercial property heading for a crash? We think that Dutch commercial property values will fall this year and next as the economy slides back into recession. But one view, emanating from the Netherlands Central Bank (DNB) last week, is... 10th February 2012 · 1 min read
UK Commercial Property Update Is availability still relevant to the industrial rental outlook? Viewed over a 30-year horizon, there may be a case for thinking that IPD industrial rental values have become largely immune to overhangs of vacant space. However, over the past decade, the... 8th February 2012 · 1 min read
UK Commercial Property Update Will retail warehouses underperform in the medium term? The fact that the retail warehouse secondary to prime yield spread is now not too far away from its 2006-07 lows may not necessarily make this sub-sector vulnerable to underperformance in the near... 7th February 2012 · 1 min read
Europe Commercial Property Update French rental value prospects are bad, but not "Portuguese" bad Recent survey evidence suggests that the rental outlook in France is about as bad as it is in Portugal. We agree that the prospects for French rental values are pretty weak. However, the sheer scale... 6th February 2012 · 1 min read
Europe Commercial Property Update Have investors pushed UK property too far down their rankings? The UK appears to have fallen down the rankings as a target market for global property investors. In absolute terms, there is plenty of cause for caution about the outlook for UK capital values and... 1st February 2012 · 1 min read
