UK Commercial Property Data Response Commercial property investment (Oct.) Investment activity fell back by about a third compared to September. With overseas investors still net buyers of UK property, and the effects of the referendum on capital values now fading, we think... 11th November 2016 · 1 min read
Europe Commercial Property Update Retail rental growth in Lisbon down but not out Prime retail rents in Lisbon have risen by more than one-third in the last six years, supported by policy reform, a rise in tourist numbers and an economic recovery. But, with slower economic growth... 3rd November 2016 · 1 min read
Europe Commercial Property Update Rally in Berlin office rents not over yet Prime office rents in the German capital, Berlin, have surged this year. With a positive economic environment and limited development pipeline, the rise in rental values has further to run. 28th October 2016 · 1 min read
UK Commercial Property Chart Pack Capital values appear to be stabilising Overall, September provided some reasons to be optimistic. With occupier market conditions holding up well, and monetary policy expected to stay loose, we suspect that the bulk of the capital value... 27th October 2016 · 1 min read
UK Commercial Property Data Response RICS Commercial Property Market Survey (Q3) The latest RICS Commercial Property Survey highlighted that occupier and investor demand have improved, while supply conditions are likely to be constrained. Both factors should provide support to... 27th October 2016 · 1 min read
Europe Commercial Property Update What might derail our European property yield forecasts? The prevailing view is that European property yields have essentially reached their trough. But we disagree and have pencilled in falls of 40bps from here. Nevertheless, it is prudent to ask what... 21st October 2016 · 1 min read
UK Commercial Property Update What is driving overseas demand for UK property? The widely held view that the drop in the pound is the primary factor propping up demand for UK property among overseas buyers is not wrong – but it is too simplistic. The fall in sterling will have... 21st October 2016 · 1 min read
UK Commercial Property Data Response RICS Construction Market Survey (Q3) According to today’s RICS construction survey, both current and expected activity improved on the second quarter’s poor showing. But with the industrial and private commercial balances both below the... 20th October 2016 · 1 min read
Europe Commercial Property Update Investment in mainland Europe running at nine-year high The first European investment data for Q3 show that volumes were down sharply compared to the same quarter a year ago. But that was driven by subdued activity in the UK which, being one of the most... 18th October 2016 · 1 min read
UK Commercial Property Update Is falling floor space per worker always a risk to availability? If permanent, the trend towards higher density occupation in London’s office market points to an increased risk of oversupply arising from new construction. Yet at the same time, that trend should... 14th October 2016 · 1 min read
Europe Commercial Property Update Is investor confidence in Madrid offices misplaced? A sharp decline in prime Madrid office yields has fully closed the spread over Milan for just the third time since 1991. With a stronger economic outlook, we think investors will continue to favour... 13th October 2016 · 1 min read
Europe Commercial Property Update Oslo retail rents to lift higher, despite slow economic growth The Norwegian consumer sector has been resilient in the face of the most recent economic slowdown. Additionally, retail sales in Oslo have outperformed the national average and will support strong... 12th October 2016 · 1 min read
UK Commercial Property Data Response Commercial property investment (Sep. 16) Investment activity rose markedly in September, driven in large part by overseas investors taking advantage of the lower exchange rate. Yet, while this gives weight to our view that the trough for... 11th October 2016 · 1 min read
Europe Commercial Property Update Softer employment growth to weigh on Dublin office demand Uncertainty ahead of the UK’s vote to leave the EU is likely to explain, at least in part, the easing of office take-up in Dublin in H1. But with an expected slowdown in job creation likely to dampen... 7th October 2016 · 1 min read
Europe Commercial Property Update Are Prague offices at a turning point? The current sweet spot for Prague office occupier demand isn’t likely to last for long. Next year will see vast levels of new completions alongside a slowdown in demand growth. Nevertheless, we expect... 6th October 2016 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Sep. 16) September’s construction PMI surpassed market expectations. That said, the bulk of the improvement came from the civil engineering and housing segments, while activity in the commercial sector only... 4th October 2016 · 1 min read
