Europe Commercial Property Update Czech office rental forecast risks move slightly to the upside Surveyors’ relatively upbeat views on Czech commercial property rental value growth prospects seem to be at odds with the weak tone of the latest agency and macroeconomic data. But together with signs... 7th May 2013 · 1 min read
Europe Commercial Property Update RICS survey too optimistic about Spanish investment market The sharp rise in Spanish commercial property investment demand reported in Q1’s RICS Global Commercial Property Survey could reflect anticipation that capital values are now close to a floor. But... 30th April 2013 · 1 min read
Europe Commercial Property Update Have office property values reached a floor in Athens and Dublin? Ireland’s economy is still fragile, but occupier demand is unlikely to drop further. Thus reports of rising office values in Dublin in the first quarter may well prove a turning point. But Greek GDP... 25th April 2013 · 1 min read
Europe Commercial Property Update First signs that Amsterdam retail rents will not defy gravity forever The run of dismal consumer sector data from the Netherlands helps to explain why the level of retail yields in Amsterdam is high relative to other major euro-zone retail markets. Indeed, this could be... 19th April 2013 · 1 min read
Europe Commercial Property Update What is the outlook for Budapest office rents? The recovery in employment in Hungary last year, might suggest that the recent uptick in Budapest office rents marks a turning point. But there is no evidence that job creation has boosted office... 17th April 2013 · 1 min read
Europe Commercial Property Update CEE property investment data: a mixture of good and bad news Emerging European property investment markets seem to have started 2013 brightly. Yet the sharp rise in region-wide investment volumes was in most part driven by a huge rise in activity in Russia. If... 11th April 2013 · 1 min read
Europe Commercial Property Update How will FX rates influence Nordic and Swiss property values? The currency driven boost to total returns in euro terms in Nordic and Swiss property markets seen over the past three years might have a little further to go. At some point, though, we would expect... 9th April 2013 · 1 min read
Europe Commercial Property Update When will euro-zone logistics rental values find a floor? The combination of Q4’s 0.6%q/q fall in euro-zone GDP and the weakness of the latest activity data suggest that, in the short term, falls in region-wide logistics rents are more likely to accelerate... 5th April 2013 · 1 min read
Europe Commercial Property Update French commercial property outlook darkens The latest survey evidence suggests that the French recession deepened in the first quarter. For now, while low economic sentiment seems to be dampening growth in French real estate equity prices... 4th April 2013 · 1 min read
Europe Commercial Property Update Increased use of rental incentives to set back office rent recovery An increase in rent-free periods on typical office leases in some European markets helps to explain why headline rents have recently been less responsive to changing occupier demand conditions than... 28th March 2013 · 1 min read
Europe Commercial Property Update Polish retail rental values set to remain under pressure Over the past year, the Polish retail market has moved from being one of Europe’s top performers for rental value growth, to one of the laggards. In the short term, factors such as falling residential... 27th March 2013 · 1 min read
Europe Commercial Property Update Turkish property still a good bet, despite external vulnerabilities As the Turkish economy has grown increasingly dependent on short-term capital inflows to finance its current account deficit, direct investment has fallen. But while this suggests that foreign... 21st March 2013 · 1 min read
Europe Commercial Property Update Where next for Italian property yields? Data for the final quarter of 2012 show that the upward trend in Italian office and retail property yields paused. Yet both the current political impasse and the poor outlook for occupier demand... 20th March 2013 · 1 min read
Europe Commercial Property Update Restrained development to limit rises in office vacancy rates... mostly In most European office markets, development pipelines have changed by little over the past year and have thus remained small. That should ensure that new supply this year does not unduly exacerbate... 19th March 2013 · 1 min read
Europe Commercial Property Update Have the risks of a fall in Prague retail rents receded? After a difficult year, yesterday’s report of an uptick in Czech consumer spending is welcome news for retailers. But the outlook for spending is subdued, while the supply of new retail space is... 12th March 2013 · 1 min read
Europe Commercial Property Update Falls in Swedish property values still more likely than not Last week’s GDP data from Sweden were not as bad for commercial property as they might at first seem. Indeed, the detail suggests that occupier demand for each of the three main sectors may have risen... 4th March 2013 · 1 min read
