Europe Commercial Property Update Prospects for Dutch retail rents revised lower Changing shopping patterns and pockets of new supply in both Amsterdam and Rotterdam have meant that Dutch high street rents have not performed as well as might be expected given the strong consumer... 26th September 2018 · 1 min read
Europe Commercial Property Update Lisbon retail tailwinds fading Lisbon was one of the best performing retail markets last year, as high street rents rose by 14%, reflecting healthy retailer activity. But with the strength of key drivers fading, we expect rental... 24th September 2018 · 1 min read
Europe Commercial Property Update Will euro-zone office yields still rise in 2019? Our updated yield model points to prime euro-zone office yields rising by only around 5bps by the end of 2020. This is notably less than our forecast, which points to a rise of 20bps in the same... 20th September 2018 · 1 min read
Europe Commercial Property Update Retail in Warsaw and Krakow trading places The full impact of Poland’s new Sunday trading laws is yet to become clear. But, coupled with a large pipeline in Warsaw, we think that rental growth in the capital will slow to 1.5% in both 2019 and... 14th September 2018 · 1 min read
Europe Commercial Property Update Emerging European yields can buck the trend in 2019 With property yields in emerging Europe sitting above their pre-crisis lows and those in central Europe looking relatively well-placed on our valuation measure, we think that yields in the region can... 12th September 2018 · 1 min read
Europe Commercial Property Update Helsinki returns slowing, but still above the pack In the middle of last year, Helsinki offices stood out as a strong late-cycle play. But with the positive yield gap to Stockholm now closed, that opportunity has passed. Nevertheless, in the absence... 29th August 2018 · 1 min read
Europe Commercial Property Update How much further can German office values rise? Office capital values in Germany appear to be on an inexorable upward path. Although a sharp correction seems unlikely, there are good reasons to believe that they will peak in 2018. 22nd August 2018 · 1 min read
Europe Commercial Property Update Investment activity has peaked Property investment fell back sharply in Q2, keeping our prediction of an annual slowdown in activity firmly on track. Even so, investment will be cooling from levels which are high by historical... 10th August 2018 · 1 min read
Europe Commercial Property Update Poor outlook for Vienna offices even as rents recover A high volume of completions contributed to the fall in prime office rents in Vienna in the early stages of this year. But as that supply is absorbed, rents should be able to recover again next year... 7th August 2018 · 1 min read
Europe Commercial Property Update No Turkish delight for Istanbul office rents With Turkey’s economy heading for a sharp slowdown, further weakness in the lira and high availability of office space, the decline in prime office rents in Istanbul has further to run. 3rd August 2018 · 1 min read
Europe Commercial Property Update Rotterdam offices rising up the charts A lack of available space and high rental levels in Amsterdam are boosting office demand in Rotterdam. Investment demand has already increased, but is set to stay strong in the next couple of years... 2nd August 2018 · 1 min read
Europe Commercial Property Update Pick-up in Frankfurt office rents won’t be sustained Strong occupier demand and limited completions have boosted prime Frankfurt office rents. But with demand likely to ease and completions on the rise, this pick-up in rental growth is unlikely to last... 25th July 2018 · 1 min read
Europe Commercial Property Update Office occupier markets strong, but growth moderating European office markets have started the year in buoyant mood, with take-up reaching a post-crisis high, vacancy rates falling and rents climbing by around 2.5%. Nevertheless, as we outlined at the... 23rd July 2018 · 1 min read
Europe Commercial Property Update Higher Italian bond yields increase risks for property The recent spike in Italian government bond yields is likely to be sustained for the foreseeable future, increasing the risk of a sharper re-pricing for Italian commercial property than we are... 20th July 2018 · 1 min read
Europe Commercial Property Update Wage differentials support CEE industrial border markets Growing occupier demand for industrial units close to the German and Austrian borders will offset the slower economic growth that we are expecting in the next few years in the CEE markets. This will... 18th July 2018 · 1 min read
Europe Commercial Property Update Athens slowly turning a corner, but risks remain A lack of good quality space is positive for prime rents in Athens. But with the Greek economy far from being in good health, rental growth prospects will be constrained in spite of the recent... 13th July 2018 · 1 min read
