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
Europe Commercial Property Update Will German ecommerce accelerate post-COVID-19? Recent data provide an indication that the virus outbreak will likely result in a faster online transition in Germany. The impact on instore demand will add to the pressures already facing retailers... 23rd October 2020 · 3 mins read
Europe Commercial Property Update Upward pressure on Vienna office yields still likely Depressed investment activity and a weak rental outlook are set to put upward pressure on office yields. That said, given that prime property values have been slower to adjust than we had initially... 22nd October 2020 · 3 mins read
Europe Commercial Property Update Paris offices offer cold comfort Even though lockdown restrictions had eased, office take-up in Paris in Q3 was still well below pre-virus levels. And the recent imposition of tighter restrictions in Paris will likely curtail leasing... 16th October 2020 · 3 mins read
Europe Commercial Property Update Imminent rise in bankruptcies to weigh on values Government action has meant corporate bankruptcies have remained low, which has prevented a sharp rise in tenancy defaults and has supported income security on leases. But, as this support is... 15th October 2020 · 3 mins read
Europe Commercial Property Update What do recent sales data imply for the retail sector? The recent strength of retail sales data overstates demand on European prime high streets, with spending by tourists still absent and online purchases making an above-average contribution in most... 9th October 2020 · 3 mins read
Europe Commercial Property Update Hopes fading for a real estate bounce next year While we continue to think that this year’s property downturn will be milder than in past cycles, next year’s recovery is looking more fragile. This in part reflects revisions to our economic view... 1st October 2020 · 3 mins read
Europe Commercial Property Update Rebound in trade to boost industrial rents in ports Despite the sharp drop in GDP, the relatively small fall in world trade has meant that industrial rents in port cities held up better than expected during H1. And we think that the ongoing recovery in... 1st October 2020 · 3 mins read
Europe Commercial Property Update What to make of recent moves in REIT prices? Recent moves in real estate equity prices suggest that there is upside risk to our forecasts for industrial property values this year. However, even the industrial sector will not be immune if rising... 30th September 2020 · 3 mins read
Europe Commercial Property Update Retail rents downgraded in euro-zone and CEE The falls recorded so far, most notably in the CEE region, coupled with our view that the initial recovery in retail sales in Europe has started to run out of steam, has prompted us to downgrade our... 10th September 2020 · 3 mins read
