Europe Commercial Property Update Do German office markets face an impending oversupply risk? The short-term blip in German growth will not significantly impact office markets and, although development pipelines are growing, we expect to see continued office rental value growth in the next few... 16th September 2014 · 1 min read
Europe Economics Update Early loan repayment underlines Irish progress The agreement amongst European finance ministers over the weekend that Ireland can start early repayment of its IMF loan highlighted again the rapid improvement of market confidence in the peripheral... 16th September 2014 · 1 min read
Europe Data Response German ZEW Survey (Sep.) & Euro-zone Labour Costs (Q2) September’s small fall in the German ZEW investor expectations index and thesharper decline in the current conditions index added to evidence that the recovery inthe euro-zone’s largest and strongest... 16th September 2014 · 1 min read
Europe Economics Update Sweden’s return to the left won’t banish stagnation fears Sweden’s general election yesterday resulted in defeat for the centre-right coalition Alliance Government after two terms in power but produced no overall majority for the centre-left opposition... 15th September 2014 · 1 min read
Europe Economics Update Vote of confidence to offer limited hope for France The French Government looks set to win a vote of confidence tomorrow, allowing it to pursue long-overdue business friendly reforms. But it could take many years for the reforms to bear fruit and... 15th September 2014 · 1 min read
Europe Commercial Property Update What impact will a weak Finnish economy have on Helsinki office rents? Despite weak economic and employment growth, prime office rents in Helsinki should rise a little further in the next couple of years. Further ahead, however, centrally-located office markets may then... 15th September 2014 · 1 min read
Europe Data Response Euro-zone Trade (Jul.) July’s euro-zone trade data showed that the region’s exporters continued to struggle,suggesting that the uncertain international environment was taking its toll andoffsetting the benefits of a weaker... 15th September 2014 · 1 min read
Nordic & Swiss Economics Update Sweden’s return to the left won’t banish stagnation fears Sweden’s general election yesterday resulted in defeat for the centre-right coalition Alliance Government after two terms in power but produced no overall majority for the centre-left opposition... 15th September 2014 · 1 min read
Europe Economics Weekly Limited room for growth-friendly fiscal policies While signs of pragmatism have recently emerged in the ongoing fiscal debate in the euro-zone, we think there is currently little room for fiscal policy to play much of a role in tackling low growth... 12th September 2014 · 1 min read
Global Inflation Watch Euro-zone and Japan yet to escape from deflation threat Six years after the onset of the global financial crisis, there is still a threat of deflation. The biggestworry is in the euro-zone, where inflation expectations have slipped and the ECB’s actions... 12th September 2014 · 1 min read
UK Economics Update Irish lessons for an independent Scotland There is much that the Scots could learn from their Celtic neighbours. Irish independence is a story ofeventual, not immediate success. It took nearly 80 years for Irish per capita income to catch up... 12th September 2014 · 1 min read
Europe Data Response Euro-zone Industrial Production (Jul.) July’s rebound in euro-zone industrial production provided hope that industry mayfare slightly better in Q3 than it did in Q2. But with survey data pointing to acontinued slowdown, the sector’s... 12th September 2014 · 1 min read
Europe Commercial Property Update Have Stockholm industrial rental values reached a cyclical high? Facing some of the highest industrial build costs in Europe, developers are unlikely to find it profitable to speculatively construct industrial space in Sweden in the next few years. Therefore, with... 11th September 2014 · 1 min read
Europe Commercial Property Update Is the current low level of Brussels retail yields sustainable? Today’s historically low Belgian retail yields cannot be explained by strong rental growth prospects. Rather, in a market with a high proportion of international retailers, investors’ preference for... 10th September 2014 · 1 min read
Europe Economics Update Cyprus foreclosure bill will help banks but hit households The Cypriot parliament passed a controversial bill on 6th September, reducing the time it takes toforeclose non-performing business loans and mortgages. While the bill is likely to help banks ahead... 10th September 2014 · 1 min read
Europe Economics Update Danish central bank will need to do more to weaken krone The ECB’s unexpected announcement last week that it would lower interest rates again forced the Danish central bank to reinstate a negative deposit rate to protect the Danish krone’s peg to the euro... 10th September 2014 · 1 min read
