Europe Commercial Property Update The centre holds up for Paris office rents The early data indicate that Paris offices recovered last year, though much of this reflected strength in the core CBD market. With the economic background supportive and supply relatively contained... 27th January 2022 · 3 mins read
Europe Economic Outlook Inflation falling but rates may rise to zero We expect consumption to rebound from the Omicron wave within a few weeks, lifting euro-zone GDP to its pre-pandemic level in the first half of the year. But GDP will remain below its pre-pandemic... 21st January 2022 · 30 mins read
Europe Economics Weekly Omicron uncertainty weighs on activity in Q4 This week brought more bad news for the euro-zone economy, with the surge in cases and spread of the Omicron variant casting a shadow over services sector activity. While recent restrictions have... 10th December 2021 · 8 mins read
Europe Commercial Property Outlook Omicron poses near-term downside risk to property recovery The near-term economic outlook has weakened, with the Omicron variant posing further downside risk. Meanwhile, inflation is likely to be higher for longer. However, we expect it to fall back by 2023... 9th December 2021 · 30 mins read
Europe Economics Update Macron on course to defeat far-right challengers The confirmation earlier today that far-right pundit Eric Zemmour will stand in France’s presidential election next spring comes as no surprise given his rise in the polls. But French President... 30th November 2021 · 3 mins read
Europe Commercial Property Valuation Monitor Valuations worsen, but office and retail still fair value Higher alternative asset yields and falls in office and industrial yields contributed to a further deterioration in property valuations in Q3. The decline in government bond yields since then, which... 29th November 2021 · 7 mins read
Europe Economics Weekly Rising Covid fears will keep policymakers dovish It is too early to judge how serious the B.1.1.529 variant will turn out to be, but it certainly reinforces the case for central banks to be ultra-cautious when withdrawing their policy support. We... 26th November 2021 · 11 mins read
Europe Commercial Property Chart Pack Rental recovery picks up pace The recovery in euro-zone commercial property values picked up in Q3, supported by a small fall in yields and an improvement in the pace of rental growth. While retail rents held steady, the quarterly... 16th November 2021 · 9 mins read
Europe Commercial Property Update Consensus still underestimating impact of remote work The IPF Consensus forecasts for euro-zone prime office rental growth in 2021 have been revised up, consistent with the more positive recent data. However, expectations were revised down slightly for... 15th November 2021 · 3 mins read
Energy Focus Lessons from the EU’s carbon permit market This year, the EU announced reforms to its Emissions Trading Scheme (ETS) which, if introduced, would boost the price of each carbon permit and ultimately help the bloc to rapidly reduce its... 10th November 2021 · 14 mins read
UK Housing Market Focus How pandemic changes will affect European cities Europeans are returning to cities, though the return to offices has been much slower and this has had negative effects on city retail. Looking ahead, weaker demand for office and retail will weigh on... 2nd November 2021 · 14 mins read
Europe Economics Weekly Investors unconvinced by ECB’s dovish message The ECB’s “soul searching” over inflation has made investors less, not more, convinced that the Bank will buck the hawkish trend elsewhere and keep policy rates on hold. We think investors have got... 29th October 2021 · 8 mins read
Europe Commercial Property Update Investment to peak later next year The Q3 investment data indicate that activity could be slightly stronger this year than we had expected. However, with the economic recovery topping out and structural headwinds limiting investment in... 28th October 2021 · 3 mins read
Europe Commercial Property Update Risk of stronger French industrial rental growth ahead We expect steady French industrial rental growth over the next few years on the back of a solid economic backdrop and more online shopping. That said, if construction costs and land constraints become... 25th October 2021 · 3 mins read
Europe Economic Outlook Running into troubled waters Supply chain problems will slow the recovery and keep inflation above target until around the middle of next year. Beyond that, however, the economy should get back on track. After regaining its pre... 19th October 2021 · 31 mins read
