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
Europe Commercial Property Update Investment slowing, but no need to panic yet Commercial property investment activity looks likely to drop back slightly from the highs seen last year. But, rather than pointing to a downturn in pricing, we believe that this reflects investors re... 1st August 2019 · 3 mins read
Europe Commercial Property Update Improved outlook for Lisbon offices We have upgraded our forecasts for Portugal’s economy and now expect growth to be above trend in 2019 and 2020. Along with a halving in the size of the Lisbon office development pipeline in the next... 29th July 2019 · 3 mins read
Europe Commercial Property Update Brussels no longer flavour of the season Since last July, the development pipeline in Brussels has grown and prospects for economic growth and thus, occupier demand have nudged lower. While the low availability of Grade A stock will support... 22nd July 2019 · 3 mins read
Europe Commercial Property Update Thinner yield spreads not yet a risk to Italian markets With bond yields falling, euro-zone property yield spreads have widened and remain high by historical standards. Admittedly, not all markets enjoy low bond yields, but even in Italy, where spreads... 18th July 2019 · 3 mins read
Europe Commercial Property Update Upside risk to our Prague industrial rent forecasts The Czech economy has slowed over the past 18 months, which, alongside strong new development, has kept industrial rents in check. But, with signs of renewed vigour in occupier demand and rents... 16th July 2019 · 3 mins read
Europe Commercial Property Update Consensus catching up, but still below our Scandi view IPF Consensus office rent forecasts for 2019 were generally upgraded in their latest iteration, with central Europe seeing a particularly large rise. We also made widespread upgrades to our forecasts... 10th July 2019 · 3 mins read
Europe Commercial Property Update Will property yields be lower for longer? With euro-zone bond yields falling, this creates the potential for a further compression of property yields. In our view, there will not be much of an immediate impact, though it is becoming more... 5th July 2019 · 3 mins read
Europe Commercial Property Update Vacancy set to stabilise at cyclical lows in Paris Paris office take-up is likely to drop back a little this year, but with economic growth staying steady, it’s unlikely to fall off a cliff. A fairly restricted supply outlook means that vacancy can... 4th July 2019 · 3 mins read
