Europe Commercial Property Update Moscow property about to turn a corner, albeit, slowly The acute phase of Russia’s latest economic crisis now appears to be behind it. However, the prospect of only a weak economic recovery means that a strong rebound of the Moscow commercial property... 11th August 2016 · 1 min read
UK Commercial Property Data Response Commercial property investment (Jul.) Unsurprisingly, on the back of the UK’s vote to leave the EU, commercial property transaction activity fell sharply in July. That said, with no signs of an exodus from London, and overseas investors... 10th August 2016 · 1 min read
Europe Commercial Property Update Turkey’s failed coup adds pressure for retail rents to fall With heightened uncertainty stemming from last month’s failed coup attempt in Turkey, a slowdown in economic growth and further weakness in the lira will put downward pressure on prime Istanbul retail... 4th August 2016 · 1 min read
UK Commercial Property Update Could monetary policy prop up capital values? As expected, the MPC today voted to cut Bank Rate by 25bps to 0.25% and to restart its asset purchase programme. This should underpin the recent movements in sterling, gilt yields, and equities, and... 4th August 2016 · 1 min read
Europe Commercial Property Update Paris offices shrug off France’s wider economic woes French GDP growth slowed markedly in Q2 and is set to be anaemic over the next few years. But, H1 2016 has seen a surge in office investment activity in La Défense, reflecting growing confidence in... 2nd August 2016 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Jul.) Today’s commercial construction PMI added to the evidence showing how negative sentiment towards the commercial property sector has become. However, if we are right that the economy will avoid a... 2nd August 2016 · 1 min read
UK Commercial Property Chart Pack Lower rates should help lighten the mood While the outcome of the referendum has certainly dampened the sector’s mood, we believe that policymakers’ response should help allay some of the worst fears. We think that the lower exchange rate... 29th July 2016 · 1 min read
Europe Commercial Property Update Dublin’s office pipeline unlikely to lead to oversupply After several years of virtually no development, Dublin office space is set to rise by around 12% of current stock over the next few years. However, in the absence of a sharp slowdown in occupier... 29th July 2016 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Jun. 16) Even though net lending to property rose in June, we would hesitate to read too much into today’s figures. That said, despite the uncertainty caused by the referendum, lenders look less exposed than... 29th July 2016 · 1 min read
UK Commercial Property Data Response RICS Construction Market Survey (Q2 16) The pace of construction activity fell across the board in the second quarter. That said, skill shortages mean that activity in the sector had been losing momentum for a year, so we would be reluctant... 28th July 2016 · 1 min read
Europe Commercial Property Update Stockholm offices represent good value despite historically low yields Stockholm office valuations have improved since the end of the first quarter. Additionally, set against relatively mediocre rental growth in many European office markets, Stockholm’s solid growth... 28th July 2016 · 1 min read
Europe Commercial Property Update Sentiment towards Irish property takes a hit, while Hungary shines Investment sentiment toward European commercial property generally remains upbeat according to the RICS Q2 global commercial property survey. While confidence in Hungary jumped again, sentiment has... 27th July 2016 · 1 min read
UK Commercial Property Data Response RICS Commercial Property Market Survey (Q2) The latest RICS Commercial Property Survey gave fresh evidence that sentiment in the property sector has deteriorated since June’s referendum. 25th July 2016 · 1 min read
Europe Commercial Property Update How does Brexit affect our European commercial property forecasts? A prolonged period of looser monetary policy in the wake of Brexit will mean that prime European commercial property capital values will surpass our previous forecasts, despite weaker rental growth. 25th July 2016 · 1 min read
UK Commercial Property Focus Could the market talk itself into a correction? Our central view is that the outlook for commercial property is healthier than the recent gloomy headlines would suggest. Nevertheless, there is a latent risk that negative sentiment itself could... 22nd July 2016 · 1 min read
Europe Commercial Property Update Weakening Italian economy to hit office rental growth Office rental growth in Italy is set to be negatively affected by a slowdown in the Italian economy, including weaker employment growth. And coupled with political uncertainty, the office market looks... 13th July 2016 · 1 min read
