Europe Commercial Property Update Is Budapest retail property poised to take off? Temporary factors seem to be behind the recent strength of Hungarian retail sales growth, while the relatively high risk premium for Budapest retail yields seems merited. As such, over the next year... 27th June 2014 · 1 min read
Europe Commercial Property Update What is the outlook for Oslo retail rents? We expect household spending growth in Norway to be subdued by past standards as households grapple with exceptionally high levels of debt. Coupled with last year’s double-digit rental value increases... 25th June 2014 · 1 min read
Europe Commercial Property Update Lisbon office rental values will not see a Dublin-style rebound Based on historical patterns alone, it might seem that there is ample scope for a strong rebound in rental values in both Dublin and Lisbon. Yet once other economic factors are taken into account, the... 18th June 2014 · 1 min read
Europe Commercial Property Update Yield compression to boost Paris industrial property values Paris industrial occupier conditions continue to be challenging. Yet the increasing need for modern stock could still drive rental growth. And, with increased investor appetite for logistics exposure... 12th June 2014 · 1 min read
Europe Commercial Property Update Why hasn’t Bucharest property benefitted from Romania’s recovery? Last year’s fall in Bucharest capital values seems at odds with Romania’s strong economic growth. But it does appear consistent with the large degree of spare capacity generated by the prior economic... 11th June 2014 · 1 min read
Europe Commercial Property Update Germany's share of total property investment unlikely to fall this year Euro-zone occupier markets stand to benefit as economic growth becomes broader based across the region. Yet while property investment in most countries should increase as a result, over the next year... 5th June 2014 · 1 min read
Europe Commercial Property Update A slowdown in Turkish spending should keep a lid on retail rents Recent data suggest that the Turkish economy is in good health, and beginning to show signs of a welcome rebalancing. However, as a consequence, retail sales are starting to suffer from measures to... 30th May 2014 · 1 min read
Europe Commercial Property Update Low office and retail yields in Vienna justified for now A surge in Austrian property investment has helped to drive Vienna office and retail yields to record lows. These yields will not be sustainable once interest rates and bond yields normalise. But... 28th May 2014 · 1 min read
Europe Commercial Property Update Are Milan office rents poised to recover? In the past few quarters, modest gains in services employment have helped to put a floor under Milan office rents. But the most recent employment expectations data have weakened and we doubt that the... 15th May 2014 · 1 min read
Europe Commercial Property Update Should a slowdown in euro-zone production worry logistics investors? Despite the slowdown in industrial production, the outlook for euro-zone logistics property remains positive. In particular, the improved outlook for consumers, as well as the growing penetration of e... 12th May 2014 · 1 min read
Europe Commercial Property Update How much momentum is there in euro-zone property yields? Absent another shock, over the next few quarters, further falls in the peripheral property yields are likely. However, with deflation lurking in the background and yields already low, core yields are... 7th May 2014 · 1 min read
Europe Commercial Property Update What does high Czech consumer confidence imply for retail property? Czech consumer confidence hit a six-year high in April. Yet the labour market is still weak and the recent strong pace of growth in retail sales may overstate the underlying health of consumer demand... 1st May 2014 · 1 min read
Europe Commercial Property Update What’s the outlook for Dutch industrial property? The recent slump in Dutch industrial production masks a better trend in manufacturing growth. Yet given the sustained nature of the economic downturn, the outlook for industrial occupier demand and... 25th April 2014 · 1 min read
Europe Commercial Property Update Is the outperformance of Dublin’s office market coming to an end? All sectors of the Dublin property market received a boost from tightening yields during the first quarter. However, while there seems scope for further yield compression in the retail and industrial... 23rd April 2014 · 1 min read
Europe Commercial Property Update Italian office capital values look set to fall further The low level of confidence in the Italian service sector throughout 2013 is consistent with the underperformance of office capital values versus retail. But while services confidence has since risen... 16th April 2014 · 1 min read
Europe Commercial Property Update When will Copenhagen industrial yields start to move down? Denmark’s lack of external competitiveness and production lost through outsourcing help explain why industrial property yields in Copenhagen remain at a post-crisis high. Yet the outlook for rents now... 15th April 2014 · 1 min read
