Europe Commercial Property Update Office rents in Frankfurt will underperform in 2016 Frankfurt’s office sector has struggled to shake off the legacy of the credit crunch and structural changes in the local labour market. Add in the likely dampening impact of the recent falls in equity... 12th February 2016 · 1 min read
Europe Commercial Property Update European Prime Offices Begin to Look Fully Valued The falls in office yields witnessed in 2015, alongside the stabilisation of yields for other asset classes, mean that European office property no longer looks undervalued. Indeed, whilst the majority... 11th February 2016 · 1 min read
Europe Economics Update Will market turmoil prompt a euro-zone recession? Several financial market indicators are warning of an impending euro-zone recession. For now, even we think that is too pessimistic. But it supports our non-consensus view that growth is set to slow... 11th February 2016 · 1 min read
Europe Economics Update Sweden’s Riksbank cuts rates, but more work is needed Today’s decision by Sweden’s Riksbank to cut its repo rate further below zero demonstrated that it is prepared to set aside its worries about a housing market bubble and strong domestic demand in... 11th February 2016 · 1 min read
Nordic & Swiss Economics Update Sweden’s Riksbank cuts rates, but more work is needed Today’s decision by Sweden’s Riksbank to cut its repo rate further below zero demonstrated that it is prepared to set aside its worries about a housing market bubble and strong domestic demand in... 11th February 2016 · 1 min read
Europe Commercial Property Update Prime Property Yield Falls to Slow in 2016 Prime yields fell substantially in 2015, but the rate of yield compression moderated in the third quarter. We think that yield falls will slow in most Western European markets in 2016, but that there... 10th February 2016 · 1 min read
Europe Economics Update Bank troubles intensify downside risks to growth The renewed concerns over the health of the euro-zone’s banks present an awkward policy dilemma for the European Central Bank and further raise the downside risks to the currency union’s economy. 10th February 2016 · 1 min read
Europe Economics Update Icelandic rates on hold but more policy tightening to come Although Iceland’s central bank decided today to keep its key interest rates unchanged again, upward inflation pressures and domestic economic strength mean that rate hikes are likely later this year... 10th February 2016 · 1 min read
Europe Data Response French & Italian Industrial Production (Dec.) December’s weak industrial production data from France and Italy showed that the sector is still struggling and add to the risk that euro-zone GDP growth slowed in Q4. 10th February 2016 · 1 min read
Nordic & Swiss Economics Update Icelandic rates on hold but more policy tightening to come Although Iceland’s central bank decided today to keep its key interest rates unchanged again, upward inflation pressures and domestic economic strength mean that rate hikes are likely later this year... 10th February 2016 · 1 min read
Europe Data Response German Industrial Production & Trade (Dec.) December’s shockingly weak industrial production figures suggest the German economy barely grew in Q4 and pile further pressure on the ECB to match its dovish words with decisive action at its March... 9th February 2016 · 1 min read
Europe Economics Update Portuguese Government struggling to resist austerity The European Commission made only minor concessions to the Portuguese Government over its 2016 Budget and the pace of fiscal consolidation will still be faster this year than last. This suggests that... 8th February 2016 · 1 min read
Europe Economics Update Current account surplus will keep Danish krone strong Denmark’s large current account surplus should narrow in the coming years as the economic recovery there takes hold, but it will not disappear entirely. This will sustain the upward pressure on the... 8th February 2016 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Jan.) The latest fiscal data suggest that the euro-zone’s peripheral economies generally improved theirbudgetary positions last year. But, with the exception of Ireland, their public debt is not yet falling... 8th February 2016 · 1 min read
Nordic & Swiss Economics Update Current account surplus will keep Danish krone strong Denmark’s large current account surplus should narrow in the coming years as the economic recovery there takes hold, but it will not disappear entirely. This will sustain the upward pressure on the... 8th February 2016 · 1 min read
Europe Commercial Property Update How strong is the outlook for the logistics occupier market in France? Despite the relatively slow economic growth we expect to see in France in the coming years, structural changes in the retail and logistics markets mean that occupier demand for industrial property... 5th February 2016 · 1 min read
