The latest global property survey from the RICS, released earlier this week, adds to the mounting, but tentative, evidence that investor demand for European commercial property could be stabilising. While this may be the case, however, any improvement is coming from a very low base. What’s more, the occupier market downturn appears to be gathering pace. This in turn suggests that any recovery in investment demand is likely to be modest and restricted initially to prime assets in core markets.
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