Europe Commercial Property Update Fresh falls in Spanish retail rents lie ahead Over the past year, retail rental values have bucked the downward trend still evident in Spanish office and industrial rental values. But data showing that unemployment surpassed the 5 million mark in... 30th January 2012 · 1 min read
Non-Euro Europe Commercial Property Outlook Falling capital values to dent total returns Events in the euro-zone will act as a drag on property markets throughout Europe. As a result, most non-euro-zone commercial property markets will suffer some renewed falls in capital values this year... 26th January 2012 · 1 min read
Europe Commercial Property Outlook On the cusp of a fresh downturn The recovery in capital values seen in most euro-zone property markets over the past year or so, looks set to be reversed in 2012. As the economy slides back into a deep recession, occupier demand... 26th January 2012 · 1 min read
UK Commercial Property Chart Pack Capital values edge down All-property initial yields rose from 6.19% in November to 6.22% in December. Aside from a temporary blip in October 2010, that was the first rise in yields since June 2009. In turn, capital values... 26th January 2012 · 1 min read
Euro-zone departures to exacerbate the downturn The euro-zone stands on the brink of a deep recession which will encompass all member states. Emerging European economies have less scope to loosen policy in response to a drop in euro-zone output... 25th January 2012 · 1 min read
UK Commercial Property Focus How will UK property markets fare in 2012? A few local hot-spots aside, 2011 was not a great year for UK property markets. But the signs are that 2012 will be worse. Activity will remain weak and both commercial and residential property prices... 25th January 2012 · 1 min read
UK Commercial Property Update Have industrial rents become less sensitive to GDP? The falls in industrial rental values over the past few years have been much smaller than those seen in the early 1990s and also modest in relation to the depth of the 2008-09 recession. We suspect... 20th January 2012 · 1 min read
Europe Commercial Property Update Has the best for the German office market passed? All the headline indicators for the German office market, i.e. take-up, vacancy rates and rents, moved in the right direction last year. But we expect the final stages of 2011 to prove to be the high... 19th January 2012 · 1 min read
Europe Commercial Property Update Will Hungary’s problems undermine other CEE property markets? Fears that the recent sell-off in Hungarian assets might spread to commercial property markets across CEE are probably overdone. But in reality it will be hard to distinguish contagion effects from... 17th January 2012 · 1 min read
UK Commercial Property Update Further bad news for retail occupier demand and rents Tesco’s plan to scale back its new-store expansion won’t have any direct impact on existing occupier demand for retail property. But the decision is symptomatic of wider weakness in consumer spending... 16th January 2012 · 1 min read
UK Commercial Property Data Response RICS Commercial Property Market Survey (Q4) The tone of the latest RICS commercial property survey was very downbeat and supports our view that rental values will decline this year. For now, the consensus forecast is that rents will increase... 12th January 2012 · 1 min read
Europe Commercial Property Update Rebound in Moscow commercial property prices will stall December’s anti-government protests in Russia will no doubt have put political uncertainty back at the forefront of investors’ minds. Together with the prospect of much weaker economic growth this... 11th January 2012 · 1 min read
UK Commercial Property Update Survey points to sharp slowdown in Central London office rents The results of the latest CBI/PwC Financial Services Survey suggest that, over the next six to nine months, Central London office rental value growth will slow pretty sharply from its current rate of... 9th January 2012 · 1 min read
Europe Commercial Property Update Is Turkey poised for a sharp rise in property yields? Given the prospect of a recession in Turkey this year, it could be argued that property yields are currently too low. Indeed, we expect them to increase this year. But their apparent resilience during... 5th January 2012 · 1 min read
UK Commercial Property Data Response Property lending (Nov.) & CIPS/Markit Construction PMI (Dec.) Net lending flows to commercial property rebounded in November but, given the sluggish economy and rising tensions in financial markets, a sustained improvement in the lending environment seems... 4th January 2012 · 1 min read
UK Commercial Property Data Response Institutional Investment in Property (Q3) Official statistics suggest that sentiment towards commercial property among institutional investors held up fairly well in the third quarter. But more timely monthly figures suggest that net... 21st December 2011 · 1 min read
