A number of indicators suggest that the current cycle is running out of steam. Although investment across the euro-zone was up compared to the first quarter of last year, on a four-quarter basis, it appears that it may well have peaked. At the same time, the pace of yield compression continues to lose momentum. And while rental growth accelerated last quarter, all-property capital value growth was still the weakest since the end of 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