Europe Commercial Property Update RICS Global Survey too upbeat on Polish and Czech rental values Last week’s Q1 2012 RICS Global Survey revealed a divergence in surveyors’ expectations for commercial property rental growth in Emerging Europe. We agree that the outlook is brightest in Russia and... 10th May 2012 · 1 min read
Europe Commercial Property Update Is the Q1 fall in all-property capital values a sign of what’s to come? Euro-zone capital values suffered a fall in Q1. Although the decline was small, it was pretty widely based. As a result, it does nothing to alter our view that euro-zone commercial property markets... 8th May 2012 · 1 min read
Europe Commercial Property Outlook Recession to act as a drag on occupier markets and rents Over the past few months we have seen little reason to alter in either direction our euro-zone commercial property forecasts. With no resolution in sight to the region’s debt crisis, we think that all... 2nd May 2012 · 1 min read
Growth to disappoint as the euro-zone crisis drags on The euro-zone economy is heading back into recession. And if we are right that the euro-zone is not sustainable in its current form, the downturn will extend into 2013 and eventually encompass all... 30th April 2012 · 1 min read
Europe Commercial Property Update Downside risks to Dublin office rental value outlook increase The fact that the Irish economy slipped back into recession in the latter half of last year lends support to our view that, taking 2012 and 2013 together, Dublin office rental values will fall by a... 16th April 2012 · 1 min read
Europe Economic Outlook Crisis unsolved as growth outlook darkens Hopes that the crisis in the euro-zone had been solved by Greece’s debt restructuring and the ECB’s recent liquidity injections have faded. Despite some signs of resilience in Germany, the economic... 16th April 2012 · 1 min read
Europe Data Response Ireland GDP (Q4) The Irish GDP figures for Q4 revealed that the euro-zone’s fastest growing economy in the first half of 2011 fell back into recession in the second half. Ireland still remains in a better position... 22nd March 2012 · 1 min read
Europe Commercial Property Update Which European office markets are most at risk of oversupply? Within Europe, office markets in the euro-zone’s peripheral region appear to be most at risk of oversupply over the next two years. But less obviously, office markets in Amsterdam and Budapest also... 20th March 2012 · 1 min read
Europe Economics Focus Has the ECB really solved the crisis? The ECB’s latest liquidity operations appear to have averted, or at least delayed, a looming disaster in the euro-zone banking sector. But it would be wrong to think that they have solved the region’s... 20th March 2012 · 1 min read
Europe Economics Update TARGET2 imbalances highlight euro-zone problems The growing imbalances in the euro-zone’s TARGET2 payments system are another indication of the huge underlying problems still facing the currency union. 14th March 2012 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Feb.) For now at least, Portugal, Italy and Ireland all appear to be meeting their budget deficit targets. But the Spanish deficit narrowed by much less than expected in 2011 and further slippage appears... 28th February 2012 · 1 min read
Europe Commercial Property Update Too early to sound the all clear for the Dublin office market The strong increase in take-up in the Dublin office market in 2011 is not as encouraging as it first seems. For one thing, survey evidence and labour market data suggest that the strength of... 28th February 2012 · 1 min read
Europe Commercial Property Chart Pack Yield recovery on the brink of going into reverse The final quarter of 2011 brought the strongest evidence yet that the downward phase in euro-zone commercial property yields has not only come to an end, but has started to go into reverse. Falling... 16th February 2012 · 1 min read
Europe Economic Outlook Crunch year for the euro-zone? While the news on the euro-zone economy has improved a bit in the last month or two, 2012 could still turn out to be crunch year for the currency union. Fiscal progress in the peripheral economies has... 6th February 2012 · 1 min read
Europe Commercial Property Outlook On the cusp of a fresh downturn The recovery in capital values seen in most euro-zone property markets over the past year or so, looks set to be reversed in 2012. As the economy slides back into a deep recession, occupier demand... 26th January 2012 · 1 min read
Euro-zone departures to exacerbate the downturn The euro-zone stands on the brink of a deep recession which will encompass all member states. Emerging European economies have less scope to loosen policy in response to a drop in euro-zone output... 25th January 2012 · 1 min read
