The euro-zone crisis already appears to be having a detrimental impact on economic growth across the rest of Europe and over the next two years, most non-euro-zone economies will experience a period of sub-trend growth, or in some cases a mild recession. Accordingly, the short-run outlook for commercial property occupier markets and capital values is poor. That said, income returns in most non-euro-zone markets will be strong enough to more than offset any falls in capital values. Thus, unlike in the euro-zone, average total returns for non-euro-zone markets over the next two years will be low, but positive.
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