Europe Commercial Property Update Are we too conservative on the prospects for Swedish retail rents? The Swedish consumer sector is set to perform strongly in the coming years. However, the completion of the Mall of Scandinavia later this year will keep prime retail rental growth in Stockholm muted... 2nd September 2015 · 1 min read
Europe Commercial Property Update Prime Office Rental Growth Hides Finland’s Ugly Truth Finland’s year-long recession has been reflected in weakening demand for commercial property space. Yet, as occupiers have traded-up, prime property has performed exceptionally well. However, we... 18th August 2015 · 1 min read
Europe Commercial Property Update Slower pace of euro-zone yield compression set to be maintained Euro-zone all-property yields fell by just 3bps in the second quarter, their slowest quarterly decline since 2013. We believe this is likely to mark the start of a period in which yields now edge down... 10th August 2015 · 1 min read
Europe Commercial Property Update Perceptions of property valuations suggest core will underperform Across Europe, only in a few core markets do a majority of RICS members believe that property valuations are expensive. While that boosts the case for commercial property investment generally, it also... 3rd August 2015 · 1 min read
Europe Commercial Property Update What impact could Fed and BoE rate rises have on European real estate? Early interest rate rises in the US and UK will push up bond yields globally. But, with further monetary easing still likely in Europe, we do not expect much of an effect on European assets. We... 30th July 2015 · 1 min read
Europe Commercial Property Update Another strong quarter for European property investment The majority of European countries recorded a rise in commercial property investment in the second quarter, with the peripheral euro-zone markets generally leading the pack. Despite the latest RICS... 28th July 2015 · 1 min read
Europe Commercial Property Update Greater scope for prime office yields to narrow in Munich than London The spread between government bond yields in Germany and the UK is less indicative of the relative strength of the two countries’ economic outlooks than it was in the past. As such, in contrast to... 22nd July 2015 · 1 min read
Europe Commercial Property Update Warsaw retail set to benefit from strengthening consumer sector The Polish economy has started the year positively, supported by the recovering consumer sector. We expect further improvement in consumer finances to support retailer demand growth. The effect on... 21st July 2015 · 1 min read
Europe Commercial Property Update Further yield hardening means peripheral markets will be vulnerable Greece’s future in the euro-zone is still far from secure, and upcoming general elections in Portugal, Spain and Ireland could lead to significant political changes. Nevertheless, given that property... 16th July 2015 · 1 min read
Europe Commercial Property Update The wait for signs of renewed vigour in Brussels offices goes on Subdued economic growth and similarly weak office sector demand have resulted in muted take-up volumes in Brussels. The slow first half of the year means that we have trimmed our rental growth... 14th July 2015 · 1 min read
Europe Commercial Property Update Czech retail performance prospects heating up Robust growth in the consumer sector will begin to translate into retail rental growth later this year. This will spur investor demand and, ultimately, force yields 40bps lower by the end of 2016. 8th July 2015 · 1 min read
Europe Commercial Property Update Cost pressures set to keep German logistics rental value growth subdued German logistics occupier demand should increase over the coming quarters. Yet with the sector already facing pressure from rising wages, occupiers are set to take up space further away from prime... 7th July 2015 · 1 min read
Europe Commercial Property Update How vulnerable are Emerging European property markets to a Grexit? Emerging European financial markets have generally shrugged off the announcement of a Greek referendum. Yet while there are reasons to believe that Emerging Europe is less exposed to Grexit risks than... 2nd July 2015 · 1 min read
Europe Commercial Property Update How might property markets respond if and when Grexit occurs? Today's PMI readings were slightly weaker than expected but do not change the general picture, which is that growth is recovering on the back of both an improvement in external demand and a policy... 30th June 2015 · 1 min read
Europe Commercial Property Update Hungarian retail rents unlikely to take-off A combination of spare capacity and the ban on Sunday trading will limit retailer demand in Hungary in the next year or two. Thereafter, new shopping centre developments will prevent rental growth... 24th June 2015 · 1 min read
Europe Commercial Property Update Swiss property to produce the lowest total returns in next five years Weak rental value growth and limited inward yield shift will restrict capital value growth in Switzerland. As a result, when combined with a low income yield, over the next five years Swiss property... 19th June 2015 · 1 min read
