Europe Commercial Property Update What effect could the Volkswagen scandal have on European property? The cross-border nature of automotive supply chains means that it is not just Germany that may be affected by the Volkswagen scandal. The Czech Republic also looks exposed. While automotive related... 28th September 2015 · 1 min read
Europe Commercial Property Update Portuguese election concerns unlikely to dampen retail prospects Political factors pose less risk to the economic outlook in Portugal than in Spain. Nevertheless, the underlying economic outlook for Portugal is weaker, which will weigh on occupier demand in Lisbon... 24th September 2015 · 1 min read
Europe Commercial Property Update Copenhagen retail rents buoyed by the tourist dollar The combination of strong growth in tourism and rapid population growth has driven up retail rental values in the Danish capital. We believe these factors will support further strong demand for prime... 23rd September 2015 · 1 min read
Europe Commercial Property Update Should property investors be worried about the elections in Spain? Both the regional election in Catalonia later this month, and the general election in December, represent a risk for property investors in Spain. Yet there are a number of reasons to believe that the... 17th September 2015 · 1 min read
Europe Commercial Property Update Office employment growth points to further rental value gains The latest euro-zone labour market data show that office jobs are a key driver of overall employment growth in most member states. Moreover, even where office employment is relatively subdued, limited... 15th September 2015 · 1 min read
Europe Commercial Property Update Is it too late to invest in Amsterdam offices? Improving prospects for occupier demand and low vacancy in the Zuidas submarket mean the outlook for prime Amsterdam offices has strengthened. If our forecasts prove correct, total returns in the 2016... 9th September 2015 · 1 min read
Europe Commercial Property Update Weakening demand coincides with office supply boom in Istanbul Weakening demand growth, an influx of new supply and the sharply depreciating lira are all set to have a negative impact on the office occupier market in Istanbul over the coming years. As such, the... 8th September 2015 · 1 min read
Europe Commercial Property Update Should investors be concerned about recent financial market volatility? We do not believe that the recent turbulence in financial markets heralds a major global slowdown that would push the recovery in European property markets into reverse. Moreover, it has not changed... 4th September 2015 · 1 min read
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
