Europe Economics Update The pain in Spain remains Q4’s GDP figures confirmed that Spain is one of a dwindling group of economies still in recession. And with its economic imbalances still largely intact, a meaningful recovery remains a distant... 11th February 2010 · 1 min read
Europe Economics Weekly The spotlight turns on Portugal and Spain Last week, the noose around the Greek Government’s neck loosened slightly. But markets are still baying for blood – Portugal and Spain are their new targets. Neither Portugal nor Spain have quite the... 8th February 2010 · 1 min read
Europe Commercial Property Update Spanish retail rents: further to fall Spanish retail rents have held up surprisingly well given the severe downturn in the consumer sector. However, with unemployment at nearly 20%, household debt levels high and taxes set to rise this... 4th February 2010 · 1 min read
Europe Economics Update Spanish house prices have further to fall The latest Spanish housing market data suggest that the residential property downturn continued to ease in the latter part of 2009. Nonetheless, we think that house prices still have much further to... 15th January 2010 · 1 min read
Europe Commercial Property Update Spanish retail recovery not yet in sight as confidence falls in October October’s fall in the ICO measure of Spanish consumer confidence was not all bad news for property markets; confidence is still much higher than it was six months ago and expectations for the future... 3rd November 2009 · 1 min read
Europe Economics Update Spanish house prices set to fall much further The latest Spanish housing market data suggest that residential property prices are no longer falling as sharply as they were at the turn of the year. Nonetheless, we think the housing market downturn... 15th October 2009 · 1 min read
Europe Commercial Property Update What has happened to industrial yields in Iberia? Industrial yields in Spain and Portugal moved out sharply in the first half of 2009. This is not surprising given the outlook for rental values in these economies as the recession bites. We expect... 3rd September 2009 · 1 min read
Europe Economics Update Spanish housing market downturn far from over The latest housing market data show that the residential property market downturn is continuing to gather pace. With most valuation measures still suggesting that house prices remain well above their... 15th July 2009 · 1 min read
Europe Economics Focus Spain: How long will the pain last? Like some other deficit economies, Spain has so far weathered the global economic slump surprisingly well. But this is unlikely to last. We still expect Spains considerable economic imbalances to lead... 6th July 2009 · 1 min read
Europe Economics Update Will the Spanish bank rescue package be enough? The announcement by the Spanish Government that it plans to set up a fund to provide capital to the ailing banking sector is certainly good news. But on its own, it will not be enough to prevent the... 16th June 2009 · 1 min read
Europe Economics Update Spanish slump gathers pace in Q1 Initial estimates suggest that the Spanish economy may not have contracted quite as rapidly as some of the other major euro-zone economies in Q1. However, the housing market slump and the rapidly... 29th April 2009 · 1 min read
Europe Commercial Property Update Falls in Spanish rental values are not just a temporary phase Dublin aside, prime commercial property rental values have fallen further in Barcelona and Madrid than in any other major euro-zone city. That seems consistent with the dramatic rise in Spanish... 28th April 2009 · 1 min read
Europe Economics Update Mounting job losses increase the pain in Spain The Spanish unemployment rate rose at breakneck speed in Q1, suggesting that household spending is set to continue to plunge this year. Accordingly, we still think that the consensus forecast of a 2.9... 24th April 2009 · 1 min read
Europe Economics Update Spanish consumer slump shows no sign of ending February’s dreadful Spanish retail sales figures have dashed any hopes that the recent sharp falls in inflation and mortgage payments would lead household spending to stabilise at the start of the... 31st March 2009 · 1 min read
Europe Economics Update Economic downturn hits the Spanish public finances The latest news on the Spanish public finances shows that the hard economic landing is certainly taking its toll on the Government’s coffers. What’s more, it looks increasingly likely that a... 24th February 2009 · 1 min read
Europe Economics Update Falling house prices add to the gloom in Spain The latest news from Spain shows that the housing market downturn is gaining momentum as the economy enters recession. Further sharp falls over the coming quarters are inevitable and we expect house... 15th January 2009 · 1 min read
