Emerging Europe Economics Update Poland: Hawks to remain in the minority … for now While policymakers in Hungary and Czechia look set to lift interest rates from their pandemic lows later this week, we doubt that Poland’s central bank will follow suit this year. That said, with... 21st June 2021 · 6 mins read
Nordic & Swiss Economics Weekly Riksbank might rethink; Swedish gov’t on the brink Against the backdrop of a red-hot housing market, the Riksbank might draw inspiration from the Swedish football team, which embodied one of the ideals of central banking in its opening Euro 2020 game... 18th June 2021 · 4 mins read
UK Commercial Property Should investors be worried about higher inflation? Recent strong inflation data have heightened concerns about global price pressures. At present, we think there will be limited impact on short-term property performance. Further out though, higher... 16th June 2021 · 3 mins read
Europe Economics Delta variant won’t derail the euro-zone’s recovery The Delta variant does not appear to have taken hold in mainland Europe as yet, but the experience of the Alpha variety suggests that it could be dominant by the end of July. While this would be far... 16th June 2021 · 3 mins read
Nordic & Swiss Economics Weekly No inflation scare in Scandinavia or Switzerland… If there is a global inflation scare, the Scandinavians are yet to get the memo. In a week when we learnt that core inflation hit a 28-year high in the US in May, we also learnt that the core... 11th June 2021 · 4 mins read
Emerging Europe Economics Update We now forecast major CEE currencies to outperform the euro We now expect interest rates to rise across Central and Eastern Europe in the coming years and for all the major currencies to strengthen against the euro, with the Czech koruna and Polish zloty... 10th June 2021 · 3 mins read
Europe Commercial Property Update Are green commercial leases the future? With emission targets needing to be met by 2030, the race is on for the real estate sector to decarbonise. By forcing tenants and landlords to share the risks, benefits and costs of environmental... 10th June 2021 · 4 mins read
Nordic & Swiss Chart Pack Falling inflation won’t stop Norges Bank rate hikes Rising global price pressures have pushed inflation up in Switzerland and Sweden this year, but their central banks look set to leave policy on hold. In contrast, inflation in Norway has been falling... 9th June 2021 · 5 mins read
Europe Commercial Property Valuation Monitor Rise in bond yields weighs on property valuations The marked rise in government bond yields drove a deterioration in property valuations in Q1, particularly in industrial markets where property yields also fell steeply. And with government bond... 2nd June 2021 · 6 mins read
Non-Euro Europe Commercial Property Chart Pack Scandinavia & Switzerland: Upside risk to industrials Capital value growth improved in Scandinavia and Switzerland in Q1, helped by the easing of virus restrictions and by the improvement in economic activity towards the end of the quarter. The uptick in... 28th May 2021 · 6 mins read
Nordic & Swiss Economics Weekly Denmark nears normality, but the pigs are porkier The Danish economy made a weak start to the year, but the fact that the economy has now almost fully re-opened means that output is likely to come roaring back in the second quarter. The KOF Economic... 21st May 2021 · 4 mins read
Europe Commercial Property Chart Pack Competition for industrial assets bids down yields With the faster pace of vaccination paving the way for a rebound in economic activity, the prospects for occupier markets have improved. However, structural changes mean that the recovery in the... 20th May 2021 · 9 mins read
Europe Economics Update Slow start to jab rollout may come back to bite Europe While the vaccine rollout in Europe has finally kicked into gear, the legacy of the slow start means the EU is more exposed than the UK or the US if the Indian variant spreads quickly amongst the... 18th May 2021 · 2 mins read
Europe Economics Focus ECB climate rhetoric to run ahead of action The ECB will make a big splash about climate change when it concludes its monetary strategy review this autumn. In practice, it is likely to make progress in addressing climate-related risks in the... 18th May 2021 · 14 mins read
Nordic & Swiss Economics Weekly A lexical examination of the Riksbank’s minutes The minutes of the Riksbank’s April meeting illustrate the extent to which the housing market has forced its way on to policymakers’ radar screens. The Bank is clearly of the view that the financial... 14th May 2021 · 4 mins read
Europe Commercial Property Update Flight to quality in Barcelona offices to be short-lived Last year, rents held up better in Barcelona’s CBD, and we expect this trend to continue this year. That said, higher rents in the CBD mean that they are also likely to be hit harder from the shift to... 13th May 2021 · 3 mins read
