Europe Commercial Property Valuation Monitor

Event

CRE Drop-In: The residential outlook – Europe vs the US and the case for outperformance

12th November 2024, 3:00PM GMT

Residential’s growing share of investor portfolios speaks to the buzz around its potential to keep providing outsized returns. But will residential continue to deliver? Which economies and markets...

Europe Commercial Property Valuation Monitor (Q3 2024)

Commercial property valuations worsened slightly in Q2 across all sectors as bond yields rose while property yields held steady. However, the decline in government bond yields so far in Q3 means...

20th August 2024 0 mins read

Europe Commercial Property Valuation Monitor

Europe Commercial Property Valuation Monitor (Q2 2024)

Property valuations were little changed in Q1 2024, failing to build upon the considerable improvement in 2023. Property yields increased further, but the smaller rise failed to offset gains in...

16th May 2024 0 mins read

Europe Commercial Property Valuation Monitor

Europe Commercial Property Valuation Monitor (Q1 2024)

Property valuations improved in Q4 on the back of further rises in property yields and falls in alternative asset yields. This resulted in many office and retail markets shifting into fair value...

21st February 2024 0 mins read

Europe Commercial Property Valuation Monitor

Europe Commercial Property Valuation Monitor (Q4 2023)

Property yields rose across all sectors in Q3 and a surge in office yields drove the sharpest rise in all-property yields so far this year. However, this was matched by the spike in bond yields in...

23rd November 2023 0 mins read

Europe Commercial Property Valuation Monitor

Europe Commercial Property Valuation Monitor (Q3 2023)

Property yields rose across all sectors and markets in Q2. However, this was somewhat offset by rises in bond yields in most countries. As a result, valuations remain stretched in all sectors, with...

23rd August 2023 1 min read

Europe Commercial Property Valuation Monitor

Valuations continue to improve but remain stretched

European property valuations continued to improve in Q1 on the back of further increases in property yields as well as falls in government bond yields. Nonetheless, all office and industrial markets...

31st May 2023 5 mins read

Europe Commercial Property Valuation Monitor

Valuations improve but all sectors still overvalued

A sharp increase in property yields in Q4 helped European property valuations improve for the first time in two years. That said, spreads over alternative assets remained very narrow by past standards...

2nd March 2023 6 mins read

Europe Commercial Property Valuation Monitor

Valuations near turning point as property yields spike

Despite a sharp rise in property yields, renewed increases in alternative asset yields led to a further deterioration in European property valuations in Q3. All markets were overvalued except for...

30th November 2022 6 mins read

Europe Commercial Property Valuation Monitor

All sectors overvalued despite rise in property yields

Despite a rise in property yields, increases in alternative asset yields led to a further deterioration in European property valuations in Q2. (See Chart 1.) While industrial and office valuations...

2nd September 2022 6 mins read

Europe Commercial Property Valuation Monitor

Office sector joins industrial as overvalued in Q1

Higher alternative asset yields drove a sharp deterioration in European property valuations in Q1. Valuation scores declined across all sectors, though retail remained in fair value territory. With...

9th June 2022 6 mins read

Europe Commercial Property Valuation Monitor

Most industrial markets overvalued in Q4

Higher government bond yields and falls in property yields across all sectors contributed to a deterioration in European property valuations in Q4. While most industrial markets now look overvalued...

1st March 2022 6 mins read

Europe Commercial Property Valuation Monitor

Valuations worsen, but office and retail still fair value

Higher alternative asset yields and falls in office and industrial yields contributed to a further deterioration in property valuations in Q3. The decline in government bond yields since then, which...

29th November 2021 7 mins read

Europe Commercial Property Valuation Monitor

Rising bond yields point to deteriorating valuations

The valuation of industrial and offices deteriorated compared to bonds and equities in Q2 on account of falls in property yields. Meanwhile, retail yields stabilised, leaving valuations broadly...

2nd September 2021 7 mins read

Europe Commercial Property Valuation Monitor

Rise in bond yields weighs on property valuations

The marked rise in government bond yields drove a deterioration in property valuations in Q1, particularly in industrial markets where property yields also fell steeply. And with government bond...

2nd June 2021 6 mins read

Europe Commercial Property Valuation Monitor

Outlook for property valuations still supportive

With bond and equity dividend yields trending lower, valuations improved in Q4 for offices and retail, while they held steady for industrial. But in Q1, given the recent bond market rout, valuations...

8th March 2021 7 mins read