The second quarter of the year saw further signs that the euro-zone property market upswing is close to an end. With a 5% annual fall in investment, activity is now starting to track sideways on a four-quarter rolling basis. Very few office and retail markets recorded any downward shift in prime yields, meaning that the weighed all-property yield fell by just 2bps. And with rental growth easing, capital value growth slowed to less than 2% for the first time since 2014.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services