Europe Commercial Property Update Gloomy outlook for German retail rents Although occupier demand appears to be holding up in Germany, a combination of structural and cyclical factors has weighed on retail rents. And with meagre economic growth expected until at least the... 6th November 2019 · 3 mins read
Europe Commercial Property Update Nordic offices to outperform despite lower withdrawals Office-to-residential conversions in the Nordic capitals have started to lose their appeal given the pick-up in office capital values and softening in house prices. However, we don’t think that this... 1st November 2019 · 3 mins read
Europe Commercial Property Update No upside for Dublin retail rents While the risk of a no deal Brexit has diminished, lingering uncertainty and structural headwinds are likely to put downward pressure on prime retail rents in Dublin over the next two years. 29th October 2019 · 3 mins read
Europe Commercial Property Update Paris office yields to fall another 20bps by end-2020 As valuations have improved this year and investors have become willing to accept lower yields, demand for quality Paris assets has ballooned, most likely driving a record year for French investment... 23rd October 2019 · 3 mins read
Europe Commercial Property Update Lift-off for Athens prime retail? We expect the upturn in consumer confidence in Greece this year to feed through to a pick-up in retail sales growth, supporting retailer demand in Athens. Coupled with further yield falls, Athens high... 18th October 2019 · 3 mins read
Europe Commercial Property Update Budapest retail and industrial to top the CEE tables The outperformance of Budapest’s office sector is coming to a close, but we still expect the retail and industrial sectors to beat their CEE peers in terms of total returns. 17th October 2019 · 3 mins read
Europe Commercial Property Update Long-term income streams top the bill in Sweden Demand for Swedish property has been on a tear this year, even as the economy has faltered. This likely reflects investor expectations that growth will be supported by even looser monetary policy over... 11th October 2019 · 3 mins read
Europe Commercial Property Update Limited upward movement in Paris prime retail rents While Paris prime retail rents rose in 2018, we doubt this marks the start of a prolonged upward trend. With tourist flows set to stagnate due to a weak global economy, rents will not rise by much... 9th October 2019 · 3 mins read
Europe Commercial Property Update Are Korean capital flows here to stay? South Korean capital flows into European commercial property have surged so far this year. Against the backdrop of cheap credit and robust fundamentals in many markets, these flows look set to... 3rd October 2019 · 4 mins read
Europe Commercial Property Update Will co-working trigger the next crash? There has been a dramatic expansion in the co-working office sector globally over the last five years. As these operators use a different approach to traditional landlords, this brings new risks to... 2nd October 2019 · 3 mins read
Europe Commercial Property Update Debt and equity availability will keep yields falling A further downgrade to the euro-zone growth outlook means that additional monetary loosening is on the cards. While this doesn’t substantially shift our expectations for property yields over the next... 27th September 2019 · 3 mins read
Europe Commercial Property Update Momentum in Barcelona offices to continue Following a bold start to the year, office take-up in Barcelona looks set to record its strongest year since 2005 which, coupled with falling vacancy rates, should boost rental growth. Indeed... 25th September 2019 · 3 mins read
Europe Commercial Property Update Prime office yields still obeying Newton’s First Law Plummeting bond yields in 2019 have dramatically improved property valuations, supporting the outlook for property prices. Indeed, we now think that euro-zone prime office yields can extend their... 28th August 2019 · 3 mins read
Europe Commercial Property Update How will global property markets perform? After almost a decade of ultra-low interest rates and rising real estate valuations, concerns have been voiced about the outlook for property. In our view, these worries are not completely unfounded... 21st August 2019 · 5 mins read
Europe Commercial Property Update Warsaw and secondary city retail trends poles apart As consumer spending growth slows in Poland, we expect retail spending to slow. The effect of this on physical retail outlets will be compounded in secondary locations by a growing share of sales... 12th August 2019 · 3 mins read
Europe Commercial Property Update H1 data point to stronger German office rental growth The latest data for German offices suggest a better-than-expected start to 2019, as a result of solid employment growth and tightening supply. This has led us to revisit our office forecasts for the... 5th August 2019 · 3 mins read
