Europe Commercial Property Update Weaker retail outlook to hold Dublin rents With consumer spending growth slowing and the boost to households from rising house prices fading, we think that prime high street rents in Dublin are likely to plateau over the next couple of years. 26th February 2019 · 1 min read
Europe Commercial Property Focus Expect no change in euro-zone office yields until 2022 The slowdown in euro-zone growth means that rental growth will be weaker and that bond yields are likely to be lower. The net effect of these factors is a downward revision to our forecasts for office... 22nd February 2019 · 1 min read
UK Commercial Property Data Response Commercial property investment (Jan.) The slowdown in commercial property investment appears to have accelerated in January, indicating ongoing concerns about a Brexit deal. This uncertainty is expected to be temporary, but it is unlikely... 19th February 2019 · 1 min read
Europe Commercial Property Update Office rental growth in Lisbon to stall in 2020 After two strong years for Lisbon office rents, a rise in development activity, alongside fading occupier demand, is set to curb rental growth in 2020. What’s more, rents could potentially fall in... 19th February 2019 · 1 min read
UK Commercial Property Update Should we be worried about property fund outflows? The large outflow from open-ended property funds in December was disconcerting. But, barring a no-deal Brexit, it is unlikely to herald a return of the problems seen after the EU Referendum. 14th February 2019 · 1 min read
Europe Commercial Property Update Will industrial property weather the slowdown? A weaker outlook for the euro-zone economy reinforces our view that industrial rental growth will slow this year and next. With policy rates on hold, we don’t expect upward pressure on industrial... 8th February 2019 · 1 min read
UK Commercial Property Outlook Retail divergence to intensify Capital value growth is expected to fall across the board this year. However, outside of the retail sector, falls are expected to be modest. Nevertheless, given the solid outlook for economic growth... 8th February 2019 · 1 min read
Europe Commercial Property Update Troubling times for Belgian retail Belgium’s retail sector is under significant pressure from both cyclical and structural forces. As a result, we expect rents to fall again in 2019 and yields to tick upwards slightly. 6th February 2019 · 1 min read
UK Commercial Property Update Dismal retail figures not a foretaste of a wider slump A sharper than expected drop in retail values in the latest MSCI Quarterly Index has led us to revise down our forecast. But retail woes are in large part specific to the sector and we don’t expect... 6th February 2019 · 1 min read
Europe Commercial Property Update Allure of property to keep investment strong in 2019 With risk-free rates expected to stay low, the continued attractiveness of commercial property returns means that investment in 2019 likely to be close to last year’s record level. 1st February 2019 · 1 min read
UK Commercial Property Data Response RICS Commercial Property Market Survey (Q4) With weakness in the retail sector dragging on occupier demand and investment, all-property capital value growth is likely to soften further. 31st January 2019 · 1 min read
Europe Commercial Property Update Further fall in Italian investment likely this year A poor economic outlook and elevated political risks are unlikely to result in a reversal of the increased risk aversion towards Italian property assets. As a result, investment in Italy is likely to... 30th January 2019 · 1 min read
UK Commercial Property Update What do retail sales say about retail rents? Despite poor Christmas trading, the improvement in retail sales in the middle of 2018 pointed to a recovery in retail rental value growth this year. Nevertheless, with the retail stock still adjusting... 29th January 2019 · 1 min read
Europe Commercial Property Update Outlook for Spanish office rents still good With only a small downgrade to our outlook for the Spanish economy, office occupier demand looks set to stay healthy. As such, rental growth in Barcelona and Madrid will continue to be amongst the... 25th January 2019 · 1 min read
UK Commercial Property Chart Pack End-2018 total returns soften to 7.5% y/y Indicators suggest that UK economic growth slowed towards the end of 2018, in part due to households and businesses delaying spending in response to Brexit-related uncertainty. This is likely to... 24th January 2019 · 1 min read
Europe Commercial Property Update Re-assessing the outlook for German occupier markets A poorer outlook for the German economy has increased the downside risks to our outlook for occupier markets, most notably in the industrial sector as weaker global demand cools export growth. 24th January 2019 · 1 min read
