Europe Commercial Property Update What to watch out for in European property in 2019 Commercial property capital values will rise again in 2019, supported by an improved outlook for yields, which will, at a European level, edge slightly lower this year. However, a weakening economic... 4th January 2019 · 1 min read
Europe Commercial Property Update Could a no deal Brexit bring upside to the euro-zone? A no deal Brexit is unlikely to provide much support for property in the rest of Europe. The negative impact on euro-zone occupier markets should be modest, but investors, rather than reallocate UK... 21st December 2018 · 1 min read
Europe Commercial Property Update Property yields to plateau With growth in the euro-zone slowing faster than expected and the chances of the ECB delaying its first interest rate hike increasing, property yields are now more likely to plateau next year, than... 14th December 2018 · 1 min read
Europe Commercial Property Update Office rental growth in Germany to run out of steam With Germany’s labour market close to capacity, limited scope for strong employment growth will hurt office occupier demand. As new completions hit the market at the same time, we see rental growth... 5th December 2018 · 1 min read
Europe Commercial Property Update Pick-up in Dublin industrial rental growth won’t last Industrial rental growth in Dublin has accelerated this year. But as softer economic growth ahead dampens occupier demand, this increase in rental growth will prove temporary. 30th November 2018 · 1 min read
Europe Commercial Property Update Budapest offices to see one last hurrah in 2019 Delays on development projects mean that demand will comfortably exceed completions next year, driving rental values higher again. Thereafter, annual completions could reach in excess of 300,000 sqm... 2nd November 2018 · 1 min read
Europe Commercial Property Update Prime retail rents increasingly likely to plateau The number of retail markets seeing prime rents stagnate or fall is at the highest level since 2009. But there are good reasons why that number is more likely to rise than to reverse over the next... 1st November 2018 · 1 min read
Europe Commercial Property Update Dublin office rents set to fall on rising vacancy Dublin’s large office pipeline has started to push vacancy higher, in spite of strong take-up volumes. As occupier demand softens, further increases in vacancy will start to put downward pressure on... 26th October 2018 · 1 min read
Europe Commercial Property Update Plateauing French investment points to stable yields With no obvious indication that French property investment will change significantly next year, our upcoming forecasting round is likely to see a flattening in our property yield profile for 2019. 23rd October 2018 · 1 min read
Europe Commercial Property Update Headwinds loom for retail rents in Spain The short-term outlook for prime retail occupier demand in Barcelona and Madrid should support a further rise in rents next year. But with a number of headwinds on the horizon, rental growth is likely... 19th October 2018 · 1 min read
Europe Commercial Property Update Further upside for Oslo offices Falling vacancy will drive up prime office rents in Oslo by around 14% by the end of 2020. And, with government bond yields forecast to stabilise at about 2%, there will be little upward pressure on... 17th October 2018 · 1 min read
Europe Commercial Property Update Why has logistics take-up diverged across Germany? A slowdown in retail sales growth helps to explain why logistics take-up volumes in Germany’s main cities have been weaker than across the rest of Germany. While the retail sector should pick-up next... 12th October 2018 · 1 min read
Europe Commercial Property Update Could Czech property yields be about to turn sharply? The increasing maturity of the Czech property market means that, despite signs of slowing rental growth, the rise in Czech government bond yields will not be mirrored in property yields. 10th October 2018 · 1 min read
Europe Commercial Property Update Clouds darken over Milan office outlook With the economic outlook in Italy softening, the likelihood of weaker tenant demand at a time of rising completions means that we have lowered our forecasts for rental growth in 2019 and 2020. 5th October 2018 · 1 min read
Europe Commercial Property Update Lyon offices to benefit from pickup in French growth The French economy has disappointed so far this year, but we expect stronger growth in the second half of the year and into 2019. This will be positive for the regional office markets such as Lyon... 2nd October 2018 · 1 min read
Europe Commercial Property Update Signs point to softer logistics demand in Spain Spain’s strong economic recovery has driven higher levels of demand for logistics space. But with manufacturing output slowing and the prospect of weaker export growth ahead, occupier demand is likely... 28th September 2018 · 1 min read
