Europe Commercial Property Update How low will Copenhagen property yields fall this time around? Historically low bond yields and a gradually improving rental growth outlook should mean that prime office yields set new lows in this cycle. However, in the absence of frenzied lending on Danish real... 11th December 2014 · 1 min read
UK Commercial Property Update Is the plateau in deals signalling a peak for capital value growth? Property transactions seem to have hit a plateau, supporting our view that we may be very close to the peak for capital value growth. What’s more, the share of deals accounted for by overseas buyers... 10th December 2014 · 1 min read
Non-Euro Europe Commercial Property Outlook Prime yields to fall for another three years The stance of monetary policy is likely to stay exceptionally loose for the foreseeable future. And coupled with low inflation, we expect bond yields to stay lower for longer. Therefore, it seems... 8th December 2014 · 1 min read
Europe Commercial Property Outlook Further yield compression to boost capital values Further monetary easing from the ECB is unlikely to be decisive enough to put the euro-zone on a stronger growth trajectory, implying that the outlook for occupier markets is subdued. Nevertheless... 4th December 2014 · 1 min read
UK Commercial Property Data Response Colliers/Real Estate Capital Pricing Survey The latest Colliers/Real Estate Capital survey contained further evidence that the current, yield-driven upturn in capital values is likely to slow next year. After all, there are signs that non-prime... 2nd December 2014 · 1 min read
Europe Commercial Property Update What will lower Bund yields mean for property? Recent cuts to our Bund yield forecasts reflect our view that the euro-zone economy will struggle to gain traction over the next year or two. Yet, on balance, by creating the scope for property yields... 2nd December 2014 · 1 min read
UK Commercial Property Data Response Construction PMI (Nov.) and Mergers & Acquisitions (Q3) The commercial property construction PMI fell for the second month in a row in November. But that does little to alter the picture of a strengthening occupier market. Today’s better mergers and... 2nd December 2014 · 1 min read
Europe Commercial Property Update New retail supply will dampen rental growth in the Polish regions Polish retail sales growth will continue to improve as labour market conditions strengthen. While this will support further retailer expansion, the volume of shopping centre space being developed and... 28th November 2014 · 1 min read
UK Commercial Property Data Response IPF Consensus Forecasts (Q4) The UK commercial property forecasting community thinks that rental values will rise every year until 2018 and by an average of about 2.5% p.a. But presumably reflecting expectations of a continued... 28th November 2014 · 1 min read
Europe Commercial Property Update Milan office vacancy rate set to rise further Italy’s weak economic outlook suggests that occupier demand in Milan will continue to be driven by companies seeking to consolidate space. As such, over the coming quarters the vacancy rate will... 20th November 2014 · 1 min read
UK Commercial Property Chart Pack Industrial and South East office rents go from strength to strength All-property rental values grew by 0.3%m/m in October, boosting the annual growth rate to 2.7%, its highest level since April 2008. Of particular note in October was that Rest of South East office... 20th November 2014 · 1 min read
UK Commercial Property Update How good is the outlook for non-prime regional office rents? Rental growth for non-prime regional offices is building up a nice head of steam, reflecting strong occupier demand and falling availability. Admittedly, a rise in the supply of new space next year... 19th November 2014 · 1 min read
Europe Commercial Property Update Low office development supports Vienna rental values Office rental values in Vienna have ticked up over 2014 despite weak take-up. That seems to be down to the low availability of modern office space, as companies seek efficiency savings in light of the... 19th November 2014 · 1 min read
Non-Euro Europe Commercial Property Chart Pack Russia pulls down Emerging European property indicators Economic indicators generally pointed to slower growth across both Western European and Emerging European economies in Q3. That helps to explain why occupier market data were soft, with rents... 14th November 2014 · 1 min read
UK Commercial Property Update Lease lengths no longer a major factor for investors There was little in today’s IPD/BPF/ Strutt & Parker Lease Events Review that should be of undue concern to commercial property investors. Indeed, perhaps the most noteworthy aspect of the report was... 13th November 2014 · 1 min read
Europe Commercial Property Update Moscow capital values have further to fall The decline in Russia’s macroeconomic outlook suggests that Moscow occupier demand will fall further. With an influx of new supply also undermining rental values, and property yields set to come under... 13th November 2014 · 1 min read
