Europe Commercial Property Update Signs point towards higher German industrial rents Tight supply and a positive demand outlook point towards a rise in prime German industrial rents. Indeed, we think rental growth prospects are relatively strong compared to the last ten years. 9th December 2016 · 1 min read
Europe Commercial Property Update Bucharest industrial rents have further to rise Contrary to popular belief, we think that it has been the strength of the domestic economy, rather than firms relocating to Romania on cost grounds, which has caused prime Bucharest industrial rents... 7th December 2016 · 1 min read
Europe Commercial Property Update Should investors be concerned by the rise in Italian bond yields? Italian government bond yields have almost doubled over the past few weeks. Nevertheless, we do not see this as a reason for property investors to panic and expect prime Italian property yields to... 24th November 2016 · 1 min read
Europe Commercial Property Update Slower Spanish retail rental growth likely to prove temporary Retail rental growth in Barcelona and Madrid has slowed recently, despite the continued strength of retail sales. With weaker domestic demand on the horizon, rental growth is likely to ease further... 18th November 2016 · 1 min read
Europe Commercial Property Update How far can German property yields fall? Prime property yields in Germany continue to fall. Yet, despite being well below pre-financial crisis lows, commercial property still looks fairly valued relative to other assets. With the ultra-loose... 7th November 2016 · 1 min read
Europe Commercial Property Update Retail rental growth in Lisbon down but not out Prime retail rents in Lisbon have risen by more than one-third in the last six years, supported by policy reform, a rise in tourist numbers and an economic recovery. But, with slower economic growth... 3rd November 2016 · 1 min read
Europe Commercial Property Update Rally in Berlin office rents not over yet Prime office rents in the German capital, Berlin, have surged this year. With a positive economic environment and limited development pipeline, the rise in rental values has further to run. 28th October 2016 · 1 min read
Europe Commercial Property Update What might derail our European property yield forecasts? The prevailing view is that European property yields have essentially reached their trough. But we disagree and have pencilled in falls of 40bps from here. Nevertheless, it is prudent to ask what... 21st October 2016 · 1 min read
Europe Commercial Property Update Investment in mainland Europe running at nine-year high The first European investment data for Q3 show that volumes were down sharply compared to the same quarter a year ago. But that was driven by subdued activity in the UK which, being one of the most... 18th October 2016 · 1 min read
Europe Commercial Property Update Is investor confidence in Madrid offices misplaced? A sharp decline in prime Madrid office yields has fully closed the spread over Milan for just the third time since 1991. With a stronger economic outlook, we think investors will continue to favour... 13th October 2016 · 1 min read
Europe Commercial Property Update Oslo retail rents to lift higher, despite slow economic growth The Norwegian consumer sector has been resilient in the face of the most recent economic slowdown. Additionally, retail sales in Oslo have outperformed the national average and will support strong... 12th October 2016 · 1 min read
Europe Commercial Property Update Softer employment growth to weigh on Dublin office demand Uncertainty ahead of the UK’s vote to leave the EU is likely to explain, at least in part, the easing of office take-up in Dublin in H1. But with an expected slowdown in job creation likely to dampen... 7th October 2016 · 1 min read
Europe Commercial Property Update Are Prague offices at a turning point? The current sweet spot for Prague office occupier demand isn’t likely to last for long. Next year will see vast levels of new completions alongside a slowdown in demand growth. Nevertheless, we expect... 6th October 2016 · 1 min read
Europe Commercial Property Update Warsaw retail rents enjoying a purple patch A solid and strengthening outlook for the Polish consumer sector will keep demand for prime retail units buoyant over the next couple of years. This will enable prime retail rents in Warsaw to grow by... 3rd October 2016 · 1 min read
Europe Commercial Property Update Large Brussels pipeline to allow Antwerp retail rents to get ahead A subdued outlook for consumption and a large pipeline of new retail developments will mean that rental values in Brussels stagnate next year. But for the first time in at least 15 years, limited new... 30th September 2016 · 1 min read
Europe Commercial Property Update Turkish downgrade highlights deteriorating investor outlook The decision by Moody’s to downgrade Turkey’s credit rating to non-investment grade comes at a time when investment in Turkish commercial property is struggling. Given a worsening economic and... 29th September 2016 · 1 min read
