UK Commercial Property Data Response Institutional investment in property (Q4 10) UK institutional investors made a smaller net purchase of property in Q4 2010 than in Q3, though inflows were still solid by historical standards. With anecdotal evidence suggesting that investors’... 25th March 2011 · 1 min read
Europe Commercial Property Update Euro-zone retail rental value growth outlook still pretty weak The latest macroeconomic data do little to alter our view that any recovery in euro-zone retail rental values this year will be lacklustre. They also seem consistent with our view that near term... 25th March 2011 · 1 min read
UK Commercial Property Chart Pack Investor activity softens but UK property still a key target Central London offices were once again the only markets to see higher rental values in February. West End office rental values, for example, were up by more than 1%m/m but, by contrast, shopping... 24th March 2011 · 1 min read
UK Commercial Property Data Response Colliers/Real Estate Capital Pricing Survey (Mar 11) The latest Colliers/Real Estate Capital survey showed that commercial property prices are still expected to fall this year, but only modestly, before mild, rent-driven increases are seen in 2012. The... 23rd March 2011 · 1 min read
Europe Commercial Property Update Are office rental values more vulnerable in Madrid than Barcelona? Many of the recent occupier market signals suggest that the outlook for Madrid office markets is marginally better than in Barcelona. Yet, if Spain continues to shed jobs this year as we expect, an... 22nd March 2011 · 1 min read
Europe Commercial Property Update Divergent prospects for CEE property markets As in the West, commercial property markets in Emerging Europe are likely to split into three camps over the next two years - the good, the bad and the also-rans. While we remain wary of property... 17th March 2011 · 1 min read
Europe Commercial Property Update Danish investment market to continue lagging Scandinavian recovery Given the weaker prospects for economic and rental growth in Denmark relative to Norway and Sweden, as well as the fact that commercial property in Copenhagen looks fairly pricey, the Danish property... 16th March 2011 · 1 min read
UK Commercial Property Update Financial and business services sector jobs (Q4) Financial & business services (FBS) sector jobs edged up in Q4, though year-on-year growth is yet to recover to levels consistent with strong and sustained gains in City office rental values. We... 16th March 2011 · 1 min read
UK Commercial Property Update Weight of equity an upside risk to commercial property prices Our central view is that IPD all-property capital values will decline by a modest 2% this year. But with the public sector spending cuts yet to start in earnest, there are plenty of downside risks to... 14th March 2011 · 1 min read
Europe Commercial Property Update Is the convergence of Zurich and Geneva office rents justified? The combination of stronger occupier demand from multinational and financial services firms, lower completion volumes and a low starting vacancy rate has helped close the gap between the level of... 10th March 2011 · 1 min read
UK Commercial Property Update Is the case for London hotels as clear-cut as it seems? The outlook for hotel property total returns over 2011/12 is widely considered to be better in London than in the regions. It is hard to argue with that assessment. However, there are reasons to be... 10th March 2011 · 1 min read
Europe Commercial Property Update Will industrial outperformance in Prague last? We are not convinced that rental growth in the Prague industrial market will continue to outperform offices and retail. Indeed, the likelihood of a slowdown in external demand, together with the weak... 9th March 2011 · 1 min read
UK Commercial Property Update How much weight should we put on real estate equity price rally? There is not an automatic link between real estate equity prices and price changes in the physical property market. However, while the prospect of a faltering economic recovery this year still... 8th March 2011 · 1 min read
Europe Commercial Property Update Will the underperformance of French retail rental values last? Relatively low levels of sentiment among French consumers and retailers alike seems to have prevented the French retail market from undergoing as strong a rental recovery as in some other markets... 3rd March 2011 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Feb) In February, the CIPS/Markit construction PMI hit its highest level since last June, driven primarily by a surge in residential construction activity. However, activity in the commercial property... 2nd March 2011 · 1 min read
UK Commercial Property Data Response Commercial Property Lending (Jan) and Mergers & Acquisitions (Q4) Net new lending to commercial property was negative for the tenth month in a row in January and the sector’s share of outstanding bank debt continued to edge lower. We expect this process to remain... 1st March 2011 · 1 min read
