Europe Commercial Property Update Moscow property about to turn a corner, albeit, slowly The acute phase of Russia’s latest economic crisis now appears to be behind it. However, the prospect of only a weak economic recovery means that a strong rebound of the Moscow commercial property... 11th August 2016 · 1 min read
Europe Commercial Property Update Lower interest rates prompt reduced return targets Fund managers have reported that they are lowering their return targets in response to the lower interest rate environment and increased competition for commercial property assets. This suggests that... 8th August 2016 · 1 min read
Europe Commercial Property Update Turkey’s failed coup adds pressure for retail rents to fall With heightened uncertainty stemming from last month’s failed coup attempt in Turkey, a slowdown in economic growth and further weakness in the lira will put downward pressure on prime Istanbul retail... 4th August 2016 · 1 min read
Europe Commercial Property Update Paris offices shrug off France’s wider economic woes French GDP growth slowed markedly in Q2 and is set to be anaemic over the next few years. But, H1 2016 has seen a surge in office investment activity in La Défense, reflecting growing confidence in... 2nd August 2016 · 1 min read
Europe Commercial Property Update Dublin’s office pipeline unlikely to lead to oversupply After several years of virtually no development, Dublin office space is set to rise by around 12% of current stock over the next few years. However, in the absence of a sharp slowdown in occupier... 29th July 2016 · 1 min read
Europe Commercial Property Update Stockholm offices represent good value despite historically low yields Stockholm office valuations have improved since the end of the first quarter. Additionally, set against relatively mediocre rental growth in many European office markets, Stockholm’s solid growth... 28th July 2016 · 1 min read
Europe Commercial Property Update Sentiment towards Irish property takes a hit, while Hungary shines Investment sentiment toward European commercial property generally remains upbeat according to the RICS Q2 global commercial property survey. While confidence in Hungary jumped again, sentiment has... 27th July 2016 · 1 min read
Europe Commercial Property Update How does Brexit affect our European commercial property forecasts? A prolonged period of looser monetary policy in the wake of Brexit will mean that prime European commercial property capital values will surpass our previous forecasts, despite weaker rental growth. 25th July 2016 · 1 min read
Europe Commercial Property Update Mainland Europe investment likely to be boosted by Brexit On first sight, European investment turnover in H1 was weaker than in the same period in 2015. However, removing the UK from the analysis means that activity has actually ticked up slightly compared... 19th July 2016 · 1 min read
Europe Commercial Property Update Brexit to push prime German property yields even lower Lower risk free rates and a relatively strong economy mean that prime property yields in Germany are set to fall even further in the wake of Brexit. While other markets will also see lower property... 18th July 2016 · 1 min read
Europe Commercial Property Update Mixed effect of Brexit on CEE property markets As in core Europe, bond yields in the CEE region have fallen indiscriminately in the aftermath of the Brexit vote. This will mean that, whilst economic growth will be a touch weaker, in the long-run... 15th July 2016 · 1 min read
Europe Commercial Property Update Weakening Italian economy to hit office rental growth Office rental growth in Italy is set to be negatively affected by a slowdown in the Italian economy, including weaker employment growth. And coupled with political uncertainty, the office market looks... 13th July 2016 · 1 min read
Europe Commercial Property Update Nordic transaction levels on course to beat 2015 After a solid start to the year, Nordic transaction volumes now need only to equal those from the same period last year to set a new annual record. With concerns over UK pricing in the wake of the... 7th July 2016 · 1 min read
Europe Commercial Property Update German industrial yields to fall despite looking relatively expensive Economic uncertainty and lower business and consumer confidence resulting from Brexit are likely to weigh on German GDP growth over the coming 18 months, leading to slower industrial rental growth... 6th July 2016 · 1 min read
Europe Commercial Property Update Brexit impact will be ultimately positive for euro-zone prime property The commercial construction PMI fell to its lowest level since mid-2009 in June. This highlights the extent to which the uncertainty around the EU referendum was weighing on developers’ activity. The... 4th July 2016 · 1 min read
Europe Commercial Property Update What scope do European cities have to profit from any Brexit job shifts? The UK’s vote to leave the EU has increased the risk of financial sector jobs moving from London to cities such as Dublin, Frankfurt or Paris. Given existing vacancy levels and near-term pipelines... 1st July 2016 · 1 min read
