Europe Commercial Property Update Flat retail rents in Spain are not a sign of things to come Retail rents in Madrid and Barcelona were flat in Q4. Yet the steady outlook for consumption, coupled with strong growth in tourism, suggests that rents will resume their upward trend this year. 4th February 2016 · 1 min read
Europe Commercial Property Update RICS survey highlights overvaluation concerns in core markets The most notable development in the latest RICS Global Commercial Property surveys is the increase in the proportion of respondents who view property in the core European markets as expensive. Yet a... 2nd February 2016 · 1 min read
Europe Commercial Property Update RICS survey highlights overvaluation concerns in core markets The most notable development in the latest RICS Global Commercial Property surveys is the increase in the proportion of respondents who view property in the core European markets as expensive. Yet a... 2nd February 2016 · 1 min read
Europe Commercial Property Update How big are the risks to retail rental growth in Stockholm? We do not expect either a slowing in house price growth or the newly-built Mall of Scandinavia to derail our retail rental value growth forecasts for Stockholm. As a result, we believe that in terms... 29th January 2016 · 1 min read
Europe Commercial Property Update Will higher corporate credit spreads produce a spike in property yields? In view of their strong past relationship, the latest jump in corporate bond yields could be a sign of an imminent turning point for European property markets. However, we are inclined to look through... 26th January 2016 · 1 min read
Europe Commercial Property Update Berlin becomes Germany’s biggest investment market Berlin became Germany’s largest investment market in 2015, with investment growth of 120%, far outpacing that in the other major cities. Despite Berlin ranking far above Frankfurt in surveys of... 25th January 2016 · 1 min read
Europe Commercial Property Update Will falling oil and equity prices undermine European property? Fears about China, as well as plunging oil and equity prices, have dominated the start of 2016. However, we believe that concerns over China are overstated and that oil prices will begin to recover... 21st January 2016 · 1 min read
Europe Commercial Property Update Perceptions of investment prospects improve across Europe In PWC’s 2016 Emerging Trends in Real Estate survey, the most notable change in the city investment prospects segment is Athens’ fall back to the bottom of the rankings. Elsewhere, investment... 18th January 2016 · 1 min read
Europe Commercial Property Update Will falling prime yields drive stronger demand for secondary property? We expect strong competition for prime assets to push yields lower again in 2016. With prime income yields at such low levels, this is likely to result in further growth in the demand for secondary... 14th January 2016 · 1 min read
Europe Commercial Property Update Industrial rents in Milan set for steady growth The high level of industrial take-up in Italy over the past two years demonstrates the strong effect that e-commerce has had on occupier demand. With the Italian economy now on a positive, albeit... 12th January 2016 · 1 min read
Europe Commercial Property Update European investment activity likely to rise again in 2016 European commercial property investment is likely to have reached a new peak in 2015. But, we believe there are good grounds for expecting further growth in 2016 as new capital sources and other... 11th January 2016 · 1 min read
Europe Commercial Property Update Is there any value left in Dublin offices? Over the past three years office capital value growth in Dublin has far outpaced other euro-zone markets. Yet with the vacancy rate at its lowest point in 15 years, and GDP set to average 4.3% over... 6th January 2016 · 1 min read
Europe Commercial Property Update Nordic investment activity reached record highs in 2015 Commercial property investment in 2015 in the Nordics reached its highest level on record. This was driven by a large increase in the average deal size and strong growth in demand from foreign... 5th January 2016 · 1 min read
Europe Commercial Property Update Anaemic Belgian consumer sector suggests further retail weakness Muted economic growth in the next two years will prevent Belgian high streets from seeing much of an improvement in demand for space. As a result, we expect prime retail rental values to rise by only... 24th December 2015 · 1 min read
Europe Commercial Property Update What do the latest office jobs data say about rental prospects in 2016? The latest employment data show that office employment is far outpacing total jobs growth in most euro-zone economies. And, even in economies such as Germany and France, where office jobs growth has... 23rd December 2015 · 1 min read
Europe Commercial Property Update German industrial occupier demand set to moderate in 2016 After a record-breaking year in 2015, the latest data suggest that German industrial occupier demand will moderate next year. But, given supply constraints and occupier bases that are more aligned to... 17th December 2015 · 1 min read
