Europe Commercial Property Update Has Athens been pushed off track by COVID-19? After gaining ground since 2018, the recovery in Athens’ prime property values has stalled. However, we think that the catch up with the euro-zone will continue, albeit at a slower pace than in recent... 6th July 2021 · 3 mins read
Europe Commercial Property Update Vaccine passport no silver bullet for prime high streets Lingering restrictions on travel mean that weakness in foreign tourist spending will continue to weigh on retailers’ incomes in tourist-dependent retail markets this year. This supports our view that... 1st July 2021 · 3 mins read
Europe Commercial Property Update Paris offices to maintain lead over Lyon Tighter supply conditions and the expected smaller hit from the shift to remote working mean that we think Paris office rents will continue to outperform Lyon over the next five years. 30th June 2021 · 3 mins read
UK Commercial Property Should investors be worried about higher inflation? Recent strong inflation data have heightened concerns about global price pressures. At present, we think there will be limited impact on short-term property performance. Further out though, higher... 16th June 2021 · 3 mins read
Europe Commercial Property Update Are green commercial leases the future? With emission targets needing to be met by 2030, the race is on for the real estate sector to decarbonise. By forcing tenants and landlords to share the risks, benefits and costs of environmental... 10th June 2021 · 4 mins read
Europe Commercial Property Update Hawkish CEE policy shift to push up property yields Our expectation for more aggressive monetary tightening in Central and Eastern Europe and the subsequent upward pressure on bond yields mean that we now expect property yields to rise by more from... 7th June 2021 · 3 mins read
Europe Commercial Property Update Consensus catching up to the view of a weak recovery The latest IPF Consensus forecasts are consistent with our view that prime office rents will fall this year and the recovery in 2022 will be weak, even as the easing of virus restrictions allows... 3rd June 2021 · 3 mins read
Europe Commercial Property Update Flight to quality in Barcelona offices to be short-lived Last year, rents held up better in Barcelona’s CBD, and we expect this trend to continue this year. That said, higher rents in the CBD mean that they are also likely to be hit harder from the shift to... 13th May 2021 · 3 mins read
Europe Commercial Property Update Hamburg office rental growth set to outperform As the recovery in occupier demand gets underway, we think that the low amounts of vacant modern space, limited supply pipeline and comparatively cheap rents will mean that prime office rental growth... 11th May 2021 · 3 mins read
Europe Commercial Property Update Prague industrial rents to keep growing this year Following stronger than expected Q1 data, we have revised up our rental forecast for 2021. And Prague’s low costs and constrained supply means that we think rental growth has further to go this year. 6th May 2021 · 3 mins read
Europe Commercial Property In which cities will WFH have a larger impact? More working from home will inevitably change cities as we know them. However, cities are more than just workers. This means that cities where a higher share of jobs can be done remotely are not... 5th May 2021 · 4 mins read
Europe Commercial Property Update Stockholm prime offices on track to outperform Recent developments add weight to our view that Stockholm office values will rise by more than most other western European markets over the 2021-25 period. However, even in Stockholm, these gains will... 29th April 2021 · 3 mins read
Europe Commercial Property Update Vienna office rental growth on hold until 2022 The poor near-term economic backdrop means that occupier activity will remain weak this year. But we think that the tightness in supply will prevent office rents from falling and support rental growth... 28th April 2021 · 3 mins read
Europe Commercial Property Update Antwerp retail to extend lead over Brussels With retailers in Belgium set to remain under pressure due to shifts in spending, we think that prime high street rents will extend their falls this year. And with e-commerce remaining a dark cloud... 21st April 2021 · 3 mins read
Europe Commercial Property Update Rents in German industrial markets to be kept in check The expected rebound in economic activity in H2, continued growth in online sales and constrained supply outlook should allow prime industrial rents in the main four markets to return to growth by the... 20th April 2021 · 3 mins read
Europe Commercial Property Update Supply surge to extend Dublin offices’ unlucky streak Initial demand indicators support our view of further falls in Dublin office rents this year. And with construction on hold, spill overs from delayed completions could threaten the rental recovery. 14th April 2021 · 3 mins read
