Europe Commercial Property Update Growth in Paris office rents has further to go Despite the softness in occupier activity, prime office rents in the French capital grew at a healthy pace in 2020. And with the labour market set to recover in the second half of this year and a... 21st January 2021 · 3 mins read
Europe Commercial Property Update Investors in Europe moving down the risk curve Although rental growth prospects for prime property are weak compared to recent years, the outlook is better than for secondary property. As such, we think that investors will continue to focus on... 18th January 2021 · 3 mins read
Europe Commercial Property Update REITs suggest limited upside to property values Recent movements in the REIT market add weight to our view that structural factors, rather than cyclical ones, will determine the outlook for property markets over the coming years. In turn... 14th January 2021 · 3 mins read
Europe Commercial Property Update Are we too pessimistic about Spanish office rents? Our forecast is for a cumulative fall in Spanish prime office rents over the next two years. But we think this view is justified as occupier demand is likely to improve only gradually, meaning space... 11th January 2021 · 3 mins read
Europe Commercial Property Update Investment activity set for a muted recovery in 2021 Despite a brighter economic outlook later in 2021, many of the factors that weighed on investment activity last year are set to persist. In turn, following a likely 20% fall in European (excluding UK)... 7th January 2021 · 3 mins read
Europe Commercial Property Update Our key commercial property trends for 2021 Although the rollout of effective vaccines should allow economic activity to rebound in the second half of the year, we do not think that European property markets will bounce back quickly. 6th January 2021 · 3 mins read
Europe Commercial Property Update Pandemic will not be the death of cities The pandemic – and the associated increase in working from home – may cause a fundamental shift in the way that cities function in future. But this shift will not necessarily trigger a more... 5th January 2021 · 8 mins read
Europe Commercial Property Update Is Turkish retail property roasted? The recent re-introduction of weekend curfews and the announced four-day new year lockdown suggest that the struggles of the retail sector will continue into 2021. And despite the improving outlook... 22nd December 2020 · 2 mins read
Europe Commercial Property Update CEE-euro-zone office yield spread to keep widening A weaker CEE rental outlook, coupled with tighter policy and investors’ reassessment of the sector, suggest that the recent widening between CEE and euro-zone office yields has further to go. 3rd December 2020 · 3 mins read
Europe Commercial Property Update Vaccine will not provide a quick fix for real estate News about a vaccine has boosted financial markets and we have revised up our global economic expectations for the next two years or so. But while we think that this bodes well for the medium term... 2nd December 2020 · 3 mins read
Europe Commercial Property Update Weak recovery expected in Moscow office rents Moscow offices rents were under pressure even before the onset of COVID-19 and a further steep decline is expected this year. Domestic economic factors will be more supportive in 2021, but this is... 17th November 2020 · 3 mins read
Europe Commercial Property Update Have we been too pessimistic about pricing in 2020? Third quarter data make it look increasingly likely that our year-end price forecasts will prove to be too negative. However, with the UK still on course for a capital value fall of close to 10% this... 12th November 2020 · 3 mins read
Europe Commercial Property Update Second wave confirms downturn for German offices German occupier demand has slumped in the pandemic, though rents have generally held steady so far this year. But with demand likely to remain weak and an overhang of supply in some markets, declines... 6th November 2020 · 3 mins read
Europe Commercial Property Update CEE retail set for a harsh winter The second virus wave in CEE came at a time when the region’s retail sector was already on its knees. We now expect the fall in rents to continue in Q4, albeit at a slower pace than in Q2. 5th November 2020 · 3 mins read
Europe Commercial Property Update Oslo office rents at risk from increased remote working Greater remote working looks set to be a legacy of the pandemic. However, given that working from home was already relatively prevalent in Sweden and Denmark, the scope for significant further rises... 30th October 2020 · 5 mins read
Europe Commercial Property Update Weak investment to drag into 2021 European investment activity is likely to remain subdued into 2021, as pricing has been slow to adjust and investors continue to push back investment decisions in the current uncertain environment. 29th October 2020 · 3 mins read
