UK Commercial Property Focus Will Birmingham property continue to outperform? The UK’s decision to leave the EU has weakened the economic outlook for the euro-zone and increased expectations that the ECB will keep monetary policy looser for longer. While slower economic growth... 9th September 2016 · 1 min read
UK Commercial Property Data Response IPF Consensus Forecasts (Aug. 2016) The outlook for rental and capital values, as well as total returns, was down graded in August’s consensus forecast. Yet with the spectrum of forecasts now much wider, and the prospects of a... 5th September 2016 · 1 min read
Europe Commercial Property Update Slowdown in Spain won’t derail industrial rental growth Despite a slowdown in Spain’s economic recovery, growth is still expected to be healthy, providing a positive backdrop for industrial rental growth in Barcelona and Madrid. And with industrial pricing... 2nd September 2016 · 1 min read
Europe Commercial Property Update Paris office rents on course to surpass consensus forecasts In the first half of 2016, prime office rental values in Paris have already matched the full year increase predicted by the IPF consensus forecasts. With take-up strong and a limited supply of quality... 1st September 2016 · 1 min read
China Economics Update Downturn in Hong Kong property market still has further to run Data released today show home prices in Hong Kong rising for a fourth straight month in July, raising hopes that the city’s property market correction may be over. But with interest rates set to rise... 31st August 2016 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Jul.) Rising by £123m in July, net lending from banks and building societies to the property sector held up in the wake of June’s EU referendum. Moreover, banks and building societies have relatively low... 30th August 2016 · 1 min read
UK Commercial Property Update What does sterling’s fall mean for hotels and central London retail? Some commentators have touted the recent fall in sterling as a ray of light for hotels and central London retail. However, we think that any uplift to occupier markets will be modest, as the... 30th August 2016 · 1 min read
Non-Euro Europe Commercial Property Chart Pack Industrial rents in Emerging Europe stabilise Stronger economic growth in Q2 helped to prevent further falls in the majority of prime retail and industrial rents across the central and eastern European region. Rents may, therefore, have found a... 26th August 2016 · 1 min read
Europe Commercial Property Chart Pack Office rental growth hits post crisis high All-property euro-zone rental values increased by 0.9% q/q in Q2, up from 0.4% q/q in Q1, as office rents rose at the fastest quarterly rate since the financial crisis. At the same time, yields fell... 26th August 2016 · 1 min read
UK Commercial Property Chart Pack Some positive signs from occupier markets The fall in the exchange rate as well as policy makers’ response to the referendum result have helped property look more attractive relative to gilts and equities. Thus, if we are right in thinking... 25th August 2016 · 1 min read
Europe Commercial Property Valuation Monitor Lower bond yields counteract falling property yields Property yields fell again in Q2 as demand for prime property remained strong. But, with mostbond yields falling in the second quarter, property still looks fairly valued. 19th August 2016 · 1 min read
UK Commercial Property Outlook Fundamentals will conquer short-term fears We have cut our forecasts for UK Commercial Property since our previous Analyst to reflect the heightened uncertainty resulting from the vote to leave the EU. In addition to penciling in a modest rise... 19th August 2016 · 1 min read
Europe Commercial Property Update Should investors be concerned about Lisbon property? With Lisbon office and retail valuations looking increasingly stretched, and periodic spikes in Portuguese government bond yields, the risks to property market pricing appear to be on the rise. 17th August 2016 · 1 min read
UK Commercial Property Data Response Employment (Jun.) Employment growth was strong in the three months before the referendum. Even so, there are good reasons why rental value growth is likely to slow further in the second half of the year. 17th August 2016 · 1 min read
UK Commercial Property Update What can financial market volatility tell us about pricing? Equity market volatility can be a proxy for economic uncertainty which, in turn, should anticipate movements in all-property yields. This relationship suggests that, given the heightened uncertainty... 16th August 2016 · 1 min read
UK Commercial Property Update How vulnerable are rents to an economic downturn? Relative to their past peaks and underlying trends, rents are only worryingly high in London’s retail market. While that would not prevent large falls if the economy were to suffer a full-blown... 12th August 2016 · 1 min read
