Europe Commercial Property Update Downside risks to Czech and Polish retail rents still evident The latest European Commission survey revealed an encouraging, widespread further improvement in industrial confidence in Emerging Europe in January. But data revealed a far more mixed picture for... 28th January 2010 · 1 min read
UK Commercial Property Chart Pack Economic recovery will remain slow, undermining rental values (Feb 10) The economy emerged from recession in Q4, but the 0.1% increase in GDP was well below expectations. We expect conditions in the labour market to deteriorate again and GDP growth to remain below trend... 28th January 2010 · 1 min read
Europe Commercial Property Update RICS survey upbeat on investment market, but not on rental values The RICS Global Commercial Property Survey released today confirmed that investment market activity in Western Europe rose in 2009Q4. It also indicated that the investment market recovery will be... 27th January 2010 · 1 min read
UK Commercial Property Update Surveyors may be too pessimistic about retail occupier prospects Surveyors’ responses to last week’s RICS Commercial Property survey painted a downbeat picture of the prospects for the retail occupier market, which seems consistent with the weaker tone of today’s... 27th January 2010 · 1 min read
Europe Commercial Property Update Improvement in industry will be slow to feed through to rents The rise in industrial orders and production in the euro-zone in November is encouraging news for industrial property. However, with ample spare capacity in the sector, and the outlook for consumer... 25th January 2010 · 1 min read
UK Commercial Property Update Industrial rental value prospects: too soon to upgrade the outlook The latest survey-based evidence from the Bank of England and the CBI shows that manufacturers and other firms in the industrial sector are increasingly optimistic about their prospects. At the margin... 22nd January 2010 · 1 min read
Europe Commercial Property Update Norway: property outlook bright, but beware of downside risks We think that commercial property returns in Norway will be higher over the next few years than anywhere else in Western Europe. This Update elaborates on our thinking and also highlights some of the... 19th January 2010 · 1 min read
Europe Commercial Property Update Divergence in investor and occupier markets to continue We expect the divergence between the investor market and the occupier market, which started to appear in 2009, to continue in 2010. Initial data suggest that, although still low by historical... 18th January 2010 · 1 min read
UK Commercial Property Update London's City office rental prospects: first signs of recovery? The recent, high-profile Blackrock leasing deal has caused some to conclude that market rents for London City offices have started their recovery. For prime property that is almost certain to be the... 15th January 2010 · 1 min read
UK Commercial Property Update Yield differential between Turkey and Russia to be maintained We expect the differential which has opened up between initial yields in Turkey and Russia to be maintained for the next two years at least. A less severe downturn in the occupier market seems to have... 14th January 2010 · 1 min read
UK Commercial Property Update Prospects for financial services sector, and office rents, still subdued Today’s CBI/PwC Financial Services Survey was generally weak in tone, and tended to support our forecast that rental values across the office sector as a whole will fall for much of 2010. Of course... 11th January 2010 · 1 min read
Europe Commercial Property Update Euro-zone retail rental values will fall everywhere in 2010 The latest fall in euro-zone retail sales confirmed that the wider economic recovery has not yet spread to the consumer sector, despite nine consecutive monthly rises in consumer confidence. And, as... 7th January 2010 · 1 min read
Europe Commercial Property Update Labour market to weaken and weigh on German rents We expect commercial property rental values in Germany to fall across all sectors in 2010 and stabilise in 2011. In particular, we doubt that recent signs of an improvement in the German labour market... 5th January 2010 · 1 min read
Non-Euro Europe Commercial Property Outlook Improving investor sentiment may be slow to spread to Emerging Europe (Vol.1 2010) We are more optimistic about the outlook for property returns in non-euro-zone European markets than in our previous forecasts. 4th January 2010 · 1 min read
The pace of recovery will disappoint (Vol 1 2010) The euro-zone seems to have pulled out of recession. Although Ireland and Spain will remain mired in recession, most of the member states will record positive growth in 2010, with Germany, France and... 21st December 2009 · 1 min read
Europe Commercial Property Update Ireland’s property market will remain in doldrums for next few years Ireland’s exit from recession in the third quarter provides less grounds for optimism about the outlook for commercial property than it may initially seem. Although rental value falls in Ireland have... 18th December 2009 · 1 min read
