Europe Commercial Property Update European residential outperformance to persist over 2026-30 Residential rent growth is set to slow over the next couple of years as wage growth moderates, but we expect it to remain above past averages given tight supply conditions. Meanwhile, we think yields... 2nd December 2025 · 4 mins read
Europe Rapid Response Euro-zone HICP (November 2025) November’s inflation data will do nothing to alter ECB policymakers’ view that current monetary policy settings are appropriate. Next year, we think that headline and core inflation will fall below 2%... 2nd December 2025 · 2 mins read
Europe Economics Focus ECB interest rates cuts doing little to boost growth Aside from the monetary loosening undertaken by the ECB at the beginning of the global financial crisis, its interest rate cuts from mid-2024 to mid-2025 were the deepest over a 12-month period in its... 1st December 2025 · 15 mins read
Europe Economics Weekly German pension policy: backsliding more than France? While much attention has been given recently to pension policy in France, it has gone almost unnoticed that the German cabinet has approved a pension package that could be significantly more costly... 28th November 2025 · 8 mins read
Europe Rapid Response Germany, France, Italy & Spain HICP (November 2025) The national inflation data for November published today suggest that headline and core inflation in the euro-zone edged up. 28th November 2025 · 2 mins read
Europe Economics Update High-quality job growth supporting Spanish incomes While Spain’s fast rate of employment growth has attracted attention recently, the quality of jobs has also improved. In particular, the information and communication sector has seen significant... 27th November 2025 · 3 mins read
Europe Economics Update No surge in EZ imports from China this year Fears of an influx of imports from China to the euro-zone this year have not materialised. The volume of imports from China has risen but not at an exceptional pace, and both volumes and values remain... 25th November 2025 · 3 mins read
Europe Commercial Property Update 2026 looking brighter for European property investment The muted, uneven recovery in European investment continued in Q3, with indicators suggesting this will persist in Q4. The outlook for 2026 looks brighter, with lower interest rates providing a key... 25th November 2025 · 3 mins read
Europe Commercial Property Chart Pack Europe Commercial Property Chart Pack (Q4 2025) Softening rental growth and steady yields weighed on capital value growth in many markets in Q3. And this is likely to continue, with our Capital Value Lead Indicator pointing to a further slowdown in... 24th November 2025 · 0 mins read
Europe Rapid Response Germany Ifo Survey (November 2025) The fall in the German Ifo in November chimes with the drop in the Composite PMI and suggests that the German economy remains weak, with the fiscal stimulus is not yet having a meaningful impact. We... 24th November 2025 · 2 mins read
Europe Economics Weekly Wage growth falling, consumers gloomy, EC optimistic Data published this week confirmed that wage growth is slowing and consumers are downbeat. As a result, household spending growth is likely to remain subdued. Next week, we expect to learn that... 21st November 2025 · 7 mins read
Europe Rapid Response Euro-zone Flash PMIs (November 2025) November’s flash PMI for the euro-zone was little changed from the reading in October and suggests that the economy has continued to expand only slowly in the fourth quarter, while inflationary... 21st November 2025 · 2 mins read
Europe Economics Focus Has France’s RN turned moderate? As it has dropped plans for “Frexit”, scaled back its tax and spending promises and made overtures to business, the RN is worrying investors less than it did in the past. However, it is no more likely... 20th November 2025 · 16 mins read
Europe Economics Focus What to make of euro-zone inflation differentials Next year, inflation is likely to remain higher in Spain and Germany than in Italy and France. But unlike in the 2000s, inflation differentials are not currently a sign that unsustainable imbalances... 19th November 2025 · 9 mins read
Europe Economics Update Euro-zone inflation to fall below 2% soon Euro-zone inflation has hovered close to or above the 2% target for over a year, but we think it will fall to about 1.5% in January and average just 1.3% in 2026. 19th November 2025 · 4 mins read
Europe Commercial Property Valuation Monitor Europe Commercial Property Valuation Monitor (Q4 2025) Commercial property valuations held steady in Q3, supported by lower equity dividend yields despite higher government bond yields. Looking ahead, there is limited scope for falls in government bond... 19th November 2025 · 0 mins read
