Europe Commercial Property Update Is it too late to invest in Amsterdam offices? Improving prospects for occupier demand and low vacancy in the Zuidas submarket mean the outlook for prime Amsterdam offices has strengthened. If our forecasts prove correct, total returns in the 2016... 9th September 2015 · 1 min read
Europe Economics Update Could Greece take advantage of a devaluation? Anxiety about Grexit may have subsided but the underlying issues have not changed. Greece still needs a weaker currency. The well-worn argument that Greece would not be able to take advantage of a... 8th September 2015 · 1 min read
Europe Commercial Property Update Weakening demand coincides with office supply boom in Istanbul Weakening demand growth, an influx of new supply and the sharply depreciating lira are all set to have a negative impact on the office occupier market in Istanbul over the coming years. As such, the... 8th September 2015 · 1 min read
Europe Data Response Euro-zone GDP Breakdown (Q2) Revisions to euro-zone GDP showed that the economy was slightly stronger in the first half of the year than previously thought. However, with inflation likely to fall and growth remain sluggish, we... 8th September 2015 · 1 min read
Europe Economics Focus Has internal devaluation worked for Ireland? Since the financial crisis, internal devaluation appears to have provided only a modest boost to Ireland’s trade balance. More important to the economic recovery has been the pick-up in domestic... 7th September 2015 · 1 min read
Europe Data Response German Industrial Production (Jul.) July’s German industrial production figures revealed a smaller than expected rebound after June’s decline and put an early dent in hopes of a re-acceleration in growth in the third quarter. 7th September 2015 · 1 min read
Europe Economics Weekly Fragile euro-zone recovery needs more ECB support Despite the better tone to the economic data coming out of the euro-zone in recent weeks, we still expect growth to slow in the second half of the year as the twin tailwinds of the lower oil price and... 4th September 2015 · 1 min read
Europe Commercial Property Update Should investors be concerned about recent financial market volatility? We do not believe that the recent turbulence in financial markets heralds a major global slowdown that would push the recovery in European property markets into reverse. Moreover, it has not changed... 4th September 2015 · 1 min read
Europe Economics Update Draghi paves way for more QE While the European Central Bank (ECB) left its key policy instruments unchanged today, changes to its bond purchase limits and President Mario Draghi’s dovish signals appeared to pave the way for an... 3rd September 2015 · 1 min read
Europe Data Response Euro-zone Retail Sales (Jul.) & Final PMIs (Aug.) The rise in euro-zone retail sales in July more than offset the decline in June and suggests that the consumer recovery remains on track. Meanwhile, the final PMIs highlighted the continued poor... 3rd September 2015 · 1 min read
Europe Economics Update Sweden’s Riksbank still has more work to do The decision by Sweden’s Riksbank to leave its monetary policy stance unchanged suggested that it has been reassured by the recent run of better-than-expected activity and inflation data. But with... 3rd September 2015 · 1 min read
Nordic & Swiss Economics Update Sweden’s Riksbank still has more work to do The decision by Sweden’s Riksbank to leave its monetary policy stance unchanged suggested that it has been reassured by the recent run of better-than-expected activity and inflation data. But with... 3rd September 2015 · 1 min read
Europe Chart Pack Deflation dangers still lingering While the crisis in Greece appears to have receded at least temporarily, the euro-zone still faces serious challenges in the form of weak growth and persistent deflation risks. As the Chart below... 2nd September 2015 · 1 min read
Europe Commercial Property Update Are we too conservative on the prospects for Swedish retail rents? The Swedish consumer sector is set to perform strongly in the coming years. However, the completion of the Mall of Scandinavia later this year will keep prime retail rental growth in Stockholm muted... 2nd September 2015 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Aug.) The euro-zone’s peripheral economies appear to have strengthened their fiscal positions further at the start of Q3. But this year’s budget targets still look elusive for most. Greece, in particular... 1st September 2015 · 1 min read
Europe Data Response Euro-zone Unemployment (Jul.) & Final Mfg PMI (Aug.) The latest euro-zone unemployment data offered hope that the slow recovery in the region’s labour market has not gone into reverse. But the bigger picture is that unemployment remains too high to... 1st September 2015 · 1 min read
