Europe Economic Outlook Low growth, low inflation, low rates We expect economic growth in the euro-zone to remain sluggish. This is partly due to adverse demographics and structural forces hampering the competitiveness of industry. But past monetary tightening... 16th December 2024 · 28 mins read
Europe Commercial Property Update Dutch EPC evidence highlights risk from stranded assets There is growing concern about how the green transition may create stranded real estate assets, impacting negatively on both lenders and investors. We can get some idea of the scale of the problem in... 23rd October 2024 · 4 mins read
Europe Commercial Property Update Dutch logistics will continue to outperform Dutch prime logistics rent growth is set to be among the highest in the region over the next few years. That reflects both strong prospects for leasing, thanks to a bright economic outlook and greater... 17th October 2024 · 3 mins read
Europe Economic Outlook Economy slowing again The euro-zone appears to have lost some momentum and is likely to remain sluggish in the coming quarters. The core economies are the weakest, led by Germany which is probably in another technical... 18th September 2024 · 28 mins read
Europe Commercial Property Update Benelux prime office rent outperformance to wane A soft start to 2024 for office demand and weak jobs outlook in Benelux suggest that recent rental outperformance will not last. With supply also rising, we think prime rental growth will slow to... 27th June 2024 · 3 mins read
Europe Economics Update Netherlands set to outperform the euro-zone average With all eyes on France, it is easy to forget that the Netherlands has also been experiencing political disruption over the last 12 months. But politics there has proved less disruptive to markets and... 21st June 2024 · 4 mins read
Europe Economic Outlook On the mend The euro-zone has come out of a long period of stagnation and will expand at a moderate pace over the coming two years. The recovery will be faster in some southern economies, such as Spain, than in... 20th June 2024 · 28 mins read
Europe Commercial Property Update Germany not the only source of debt distress in Europe Recent media attention has focused on the downturn in Germany and the travails of its lenders exposed to the crash in property values both domestically and in the US. While the focus on Europe’s... 1st March 2024 · 3 mins read
Europe Economic Outlook ECB to keep policy tight despite weak economy We expect the euro-zone economy to struggle over the next 18 months, and a mild recession in the coming quarters looks more likely than not. Lower energy prices and improved global supply chain... 27th September 2023 · 31 mins read
Europe Commercial Property Update Weaker supply adds to Amsterdam office optimism Occupier demand in Amsterdam has been more resilient than we expected so far this year. In tandem with supply constraints caused by construction delays, this suggests that prospects for rental growth... 24th July 2023 · 3 mins read
Europe Economic Outlook Stagflation to drag on, rates near peak We expect the mild recession in the euro-zone to drag on for the rest of the year. The drop-back in energy prices will provide some relief for households and companies but will be partly offset by... 21st June 2023 · 32 mins read
Europe Economic Outlook ECB to keep policy tight despite recession The euro-zone economy is set to perform much worse than consensus forecasts suggest over the next two years, with a recession looking likely. That is mainly because monetary policy and bank lending... 28th March 2023 · 27 mins read
Europe Commercial Property Update Dutch offices unlikely to fall over EPC cliff-edge The recent commencement of stricter office EPC legislation in the Netherlands has raised concerns that Dutch office valuations may be on the edge of a regulatory precipice, given the large proportion... 13th January 2023 · 3 mins read
Europe Commercial Property Update Amsterdam and Rotterdam retail to trail With cyclical pandemic effects fading, the backdrop has improved for Dutch retail. However, having been hardest hit in 2020-21, the structural legacy of COVID-19 and higher economic barriers to... 4th April 2022 · 3 mins read
Europe Commercial Property Update Amsterdam office rental growth to outperform EZ While we don’t think that 2021’s strong pace of prime office rental growth in Amsterdam will be sustained, we still expect growth to outperform the euro-zone over the next couple of years, averaging... 9th March 2022 · 3 mins read
Europe Economic Outlook Inflation falling but rates may rise to zero We expect consumption to rebound from the Omicron wave within a few weeks, lifting euro-zone GDP to its pre-pandemic level in the first half of the year. But GDP will remain below its pre-pandemic... 21st January 2022 · 30 mins read
