Europe Commercial Property Update Rebound in Vienna office rents set to continue After dipping in the second half of 2015, prime office rents in Vienna rebounded over the first six months of this year. With a tight supply side and relatively good employment growth prospects, we... 26th September 2016 · 1 min read
Europe Economics Weekly ECB unlikely to follow in Bank of Japan’s footsteps The Bank of Japan’s announcement that it will replace its target for the monetary base with a 0% target for 10-year government bond yields has prompted speculation about whether the ECB might follow... 23rd September 2016 · 1 min read
Europe Data Response Euro-zone Flash PMIs (Sep.) September’s fall in the euro-zone Composite PMI to a 20-month low implies that the already sluggish pace of expansion in the currency union lost further momentum at the end of the quarter. 23rd September 2016 · 1 min read
Europe Commercial Property Update Could Swedish industrial rents have reached a plateau? Buoyant occupier demand for logistics space in Sweden is being met by above-average levels of new supply. However, prime industrial rents in Stockholm will be driven upward as conversion of existing... 23rd September 2016 · 1 min read
Nordic & Swiss Economics Update Norges Bank to cut interest rates to zero next year The Norges Bank left its key policy rate on hold today and signalled that no change was likely in the remainder of the year. But we think that more monetary loosening will be needed in 2017. 22nd September 2016 · 1 min read
Europe Economics Update Norges Bank to cut interest rates to zero next year The Norges Bank left its key policy rate on hold today and signalled that no change was likely in the remainder of the year. But we think that more monetary loosening will be needed in 2017. 22nd September 2016 · 1 min read
Nordic & Swiss Economics Update Riksbank minutes suggest no extension of asset purchases The minutes of the Riksbank’s latest meeting revealed that at least half of the Executive Board thought that there is little need for the Bank to extend asset purchases beyond December. Indeed... 21st September 2016 · 1 min read
Europe Economics Update Riksbank minutes suggest no extension of asset purchases The minutes of the Riksbank’s latest meeting revealed that at least half of the Executive Board thought that there is little need for the Bank to extend asset purchases beyond December. Indeed... 21st September 2016 · 1 min read
Europe Commercial Property Update Are investors starting to become wary about Dublin valuations? Relative to other European cities, property valuations in Dublin are edging towards being overvalued. Nonetheless, while there seems to be little scope for further significant falls, with good rental... 20th September 2016 · 1 min read
Europe Economics Update Low inflation won’t prevent a euro-zone slowdown Rising inflation may be less of a drag on the growth of euro-zone household spending than we had previously feared. But spending growth is still likely to slow, weakening a key support for overall... 19th September 2016 · 1 min read
Nordic & Swiss Economics Update SNB to remain in strongly accommodative mode Despite the improvement in financial market conditions, continued recovery of the Swiss economy and softening of the franc, the Swiss National Bank (SNB) re-emphasised today that it intends to... 19th September 2016 · 1 min read
Europe Economics Weekly Still little inflationary pressure from the labour market Even when the euro-zone economy seems to have performed fairly well, it has still been unable to generate any inflationary pressure. Indeed, despite the reasonably strong rate of employment growth in... 16th September 2016 · 1 min read
Europe Commercial Property Update Foreign investors not Finnished with Helsinki Investment demand for Finnish property in H1 more than matched that seen in H1 2015 as Nordic investors and German funds targeted its higher income yields. We think this demand will keep investment... 16th September 2016 · 1 min read
Europe Economics Update Berlin election to add to signs of euro-scepticism This Sunday’s election in Berlin is set to bring more evidence of the growing influence of the far-right AfD. While the party does not have enough support to govern Germany, its rise will encourage a... 16th September 2016 · 1 min read
Europe Commercial Property Update Outlook for German retail rents still positive With the exception of Berlin, prime retail rents in Germany’s four main cities have stagnated over the past year or so. But with a healthy economic outlook, we do not think that this is a sign that... 15th September 2016 · 1 min read
Europe Data Response Euro-zone Trade (Jul.) & Final CPI (Aug.) July’s euro-zone goods trade data suggest that net exports were a drag on GDP growth at the start of Q3. Looking ahead, we expect the trade surplus to narrow further this year as global demand growth... 15th September 2016 · 1 min read
