Europe Commercial Property Update Are investors right to look past Spanish property? Investor appetite for commercial property in Spain appears to be fading. But with valuations still some way from looking stretched, and a positive outlook for rents, we believe that prime property... 5th April 2017 · 1 min read
UK Commercial Property Update What does the slowdown in retail sales mean for retail property? All else equal, weaker retail sales should feed through into softer rental value growth. However, retail sales figures have tended to be a poor guide to retail rental growth of late and we see little... 3rd April 2017 · 1 min read
Europe Commercial Property Update Helsinki valuations still stack up despite yield falls Strong investor demand for core stock is pushing prime yields in Finland close to overvalued territory on our valuation measure. However, we think that industrial yields can fall into this value... 30th March 2017 · 1 min read
Europe Commercial Property Update Could office vacancy in German cities be about to diverge? With limited development pipelines, office markets in Frankfurt and Hamburg look set to tighten further over the next three years. However, rising completions in Berlin could see vacancy start to rise... 29th March 2017 · 1 min read
UK Commercial Property Chart Pack Industrial sector faces constrained supply Capital values are slowly reversing their post-referendum dips, with steady growth in rental values playing the dominant role. However, with investment market activity still relatively muted, a rapid... 24th March 2017 · 1 min read
Europe Commercial Property Update Brussels offices offer solid returns for core investors We expect Brussels office rents to climb slowly over the next five years. But even if this proves too tall an order, we think the city’s high initial yield should make it attractive for prospective... 24th March 2017 · 1 min read
Europe Commercial Property Update Slow office rental growth in Milan set to continue The Italian economy has started the year on a strong footing. But GDP and employment growth are expected to slow this year. Combined with a rise in completions, that will act as a brake on the pace of... 23rd March 2017 · 1 min read
UK Commercial Property Update Are we underestimating the upside risks for property? Leading indicators of all-property yield movements suggest that yields could harden by 30bp-50bp this year. And provided that rental values grow by around 1%, capital values would rise by up to 10% as... 21st March 2017 · 1 min read
Europe Commercial Property Update Investor intentions show overall demand staying strong The findings of CBRE’s Investor Intentions Survey support some of the key themes and key calls that we have highlighted for 2017 in European real estate markets. 17th March 2017 · 1 min read
Europe Commercial Property Update Regional France retail rental growth to slow from 2018 Weaker real wage growth in France will cause consumer spending growth to slow over the next couple of years. This will lead to softer demand for prime high street units in the French regional cities... 15th March 2017 · 1 min read
Europe Commercial Property Update A positive outlook for Copenhagen retail rents The sharp rise in prime Copenhagen retail rents is difficult to square with national consumer sector trends. But it does seem to reflect Copenhagen’s relatively strong housing recovery and a decent... 10th March 2017 · 1 min read
UK Commercial Property Data Response Commercial property investment (Feb.) The value of investment in UK commercial property markets rose in February. What’s more, domestic institutions are beginning to dip their toes into the water, and demand from overseas investors has... 10th March 2017 · 1 min read
Europe Commercial Property Update Developers Hungary for returns will dampen Budapest rental growth Higher Budapest office capital values mean that new development is increasingly viable, with developers now in-line to make healthy profits. But, higher levels of supply will cause rents to flatline... 8th March 2017 · 1 min read
Europe Commercial Property Update Are Stockholm CBD offices still a good pick? Robust economic growth and a limited supply pipeline will see Stockholm prime office rents record further gains on top of 2016’s surge. And although a hawkish turn from the Riksbank later in the year... 3rd March 2017 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Jan.) Net lending to the property sector contracted by £738m in January. However, we suspect that this reflects a softening in demand for loans on the back of weak investment activity, rather than increased... 1st March 2017 · 1 min read
Non-Euro Europe Commercial Property Outlook Total returns prospects still strong across the region Concerns about higher inflation and potential rises in interest rates have seen bond yields rise in the last few months. Nevertheless, we think the outlook for bond yields and therefore, property... 27th February 2017 · 1 min read
