Europe Commercial Property Update CEE investment volumes still on upward trend, but remain subdued The trend for investment volumes among CEE property markets still appears to be upward. However, activity remains well below peak levels and restricted only to a handful of markets, namely Poland... 23rd June 2011 · 1 min read
Europe Commercial Property Update Have the downside risks to the French retail market increased? Signs that French consumer spending has fallen sharply over the past couple of months might make our forecast for retail rental values to track sideways this year look too optimistic. Yet, in the... 18th June 2011 · 1 min read
Europe Commercial Property Update Office yields in Vienna offer some near-term upside potential The Viennese office market seems to be suffering from the weakness of cross-border investment activity in Europe. Nevertheless, the economic fundamentals look sound, suggesting that over the next year... 16th June 2011 · 1 min read
Europe Commercial Property Update Will Warsaw industrial rents continue to lag behind? The recent underperformance of industrial rental values in Warsaw relative to rest of Emerging Europe appears to stem from the fact that consolidation rather than expansion has been a key driver of... 8th June 2011 · 1 min read
Europe Commercial Property Update Spanish commercial property investment market not out of the woods The Q1 2011 RICS distressed property monitor points to the largest rises in the number of distressed properties coming onto the market in Q2 in Spain and Ireland. Investment demand in Ireland will not... 6th June 2011 · 1 min read
Europe Commercial Property Update Copenhagen retail market looking increasingly overpriced Q1’s fall in Danish consumer spending suggests that it may take a little longer for retail rental values in Copenhagen to recover than we previously expected. Given their low level, we cannot rule out... 2nd June 2011 · 1 min read
Europe Commercial Property Update Has the decline in Moscow all-property yields run its course? On a two or three year view, we would not be surprised to see Moscow all-property yields drop by a further 50-100bps. But over the rest of this year, uncertainty over the outcome of next year’s... 25th May 2011 · 1 min read
Europe Commercial Property Update Will Istanbul be next to join the office rent recovery? Unlike in Warsaw and Moscow, office rents in Prague, Budapest, Bucharest or Istanbul have not risen over the past year. But the latest macroeconomic and occupier market data signal that Istanbul will... 20th May 2011 · 1 min read
Europe Commercial Property Update Cracks between euro-zone core and peripheral markets widen Today’s euro-zone GDP data will do nothing to boost investor sentiment towards commercial property in the region’s troubled peripheral economies. Rather it supports forecasts that the gap between... 13th May 2011 · 1 min read
Europe Commercial Property Update German industrial recovery still insufficient to trigger rental growth This morning’s German trade balance data, together with last week’s production data, suggest that Germany’s industrial recovery still has plenty of momentum. Yet, the strong recovery seen so far has... 9th May 2011 · 1 min read
Europe Commercial Property Update Is the RICS survey too harsh on Czech rental growth prospects? This morning’s RICS global survey painted a fairly positive picture of Emerging European commercial property occupier markets, particularly in Poland, Russia and Turkey. But surveyors seem to be... 6th May 2011 · 1 min read
Europe Commercial Property Update Will retail continue to be investors' sector of choice in Europe? In Q1 2011, the retail sector accounted for the greatest share of total European commercial property investment market activity. However, this morning’s dreadful retail sales data are consistent with... 4th May 2011 · 1 min read
Europe Commercial Property Update Tighter credit to weigh on the commercial property recovery Today’s ECB Bank Lending Survey makes disappointing reading for the commercial property market. The renewed tightening in credit conditions to both households and firms adds to the case for expecting... 27th April 2011 · 1 min read
Europe Commercial Property Update Euro-zone industrial rents unlikely to rise until 2012 or later The combination of a high proportion of underutilised stock and early signs that the euro-zone industrial recovery is now starting to lose momentum, suggests that most euro-zone industrial markets are... 15th April 2011 · 1 min read
Europe Commercial Property Update Have Spanish office rents reached a floor? Preliminary agency data shows that office rental values in Madrid and Barcelona fell further in the first three months of the year. It is tempting to conclude that having dropped by almost a third... 14th April 2011 · 1 min read
Europe Commercial Property Update What does the ECB rate rise mean for European property? The ECB’s decision to raise interest rates was not a surprise, nor does it materially change the stillloose stance of monetary policy. That said, if nothing else, today’s move will focus investor... 7th April 2011 · 1 min read
