UK Commercial Property Data Response Lending to commercial property (May) Net commercial property lending flows were negative again in May, but the trend is improving. In other words, it would not be a surprise to see a pick-up in gross lending flows feed through to... 30th June 2014 · 1 min read
Europe Commercial Property Update Is Budapest retail property poised to take off? Temporary factors seem to be behind the recent strength of Hungarian retail sales growth, while the relatively high risk premium for Budapest retail yields seems merited. As such, over the next year... 27th June 2014 · 1 min read
UK Commercial Property Chart Pack Capital values on track for 2014 rise of 9%-10% After a pause in April, the downwards drift in commercial property yields resumed in May. Combined with a rise in rents, this helped to boost capital values by 1.1%m/m. That pushed up the annual... 25th June 2014 · 1 min read
Europe Commercial Property Update What is the outlook for Oslo retail rents? We expect household spending growth in Norway to be subdued by past standards as households grapple with exceptionally high levels of debt. Coupled with last year’s double-digit rental value increases... 25th June 2014 · 1 min read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q2) The latest Credit Conditions survey suggests that lending activity in both the residential and commercial property sectors remains pretty well controlled. Admittedly, borrower demand is improving... 23rd June 2014 · 1 min read
UK Commercial Property Data Response Institutional Investment in Property (Q1) Demand for commercial property from UK-based investing institutions has been strong so far this year and, with the economic recovery now embedded, it is likely to remain pretty solid for the... 19th June 2014 · 1 min read
Europe Commercial Property Update Lisbon office rental values will not see a Dublin-style rebound Based on historical patterns alone, it might seem that there is ample scope for a strong rebound in rental values in both Dublin and Lisbon. Yet once other economic factors are taken into account, the... 18th June 2014 · 1 min read
UK Commercial Property Update Subdued deals data are, perversely, a positive sign The value of commercial property deals completed in the past few months has been a little subdued. But rather than pointing to a market that is losing momentum, this is simply a natural consequence of... 17th June 2014 · 1 min read
Europe Commercial Property Update Yield compression to boost Paris industrial property values Paris industrial occupier conditions continue to be challenging. Yet the increasing need for modern stock could still drive rental growth. And, with increased investor appetite for logistics exposure... 12th June 2014 · 1 min read
UK Commercial Property Data Response Workforce jobs (Q1) London office-based employment has surged by 7% over the past year. This shows that occupier demand still has a considerable head of steam and that City and West End rents should continue to rise... 11th June 2014 · 1 min read
Europe Commercial Property Update Why hasn’t Bucharest property benefitted from Romania’s recovery? Last year’s fall in Bucharest capital values seems at odds with Romania’s strong economic growth. But it does appear consistent with the large degree of spare capacity generated by the prior economic... 11th June 2014 · 1 min read
UK Commercial Property Data Response Construction PMI (May 14) and Mergers & Acquisitions (Q1 14) Today’s data releases covering construction sector activity and mergers & acquisitions (M&A) deals do nothing to challenge our forecast for a steady improvement in rental value growth over the rest of... 3rd June 2014 · 1 min read
Europe Commercial Property Focus How much upside is there for Spanish office rents? Despite dropping by 40% since 2008, we are not convinced that prime rental values in the main Spanish office markets are now obviously too low. While we do envisage a recovery over the next few years... 3rd June 2014 · 1 min read
UK Commercial Property Update IPF Consensus Forecasts (Q2) The latest IPF Consensus survey envisages that commercial property rents and capital values will grow steadily over the next two to three years. But some forecasters seem to be growing more concerned... 30th May 2014 · 1 min read
Europe Commercial Property Update A slowdown in Turkish spending should keep a lid on retail rents Recent data suggest that the Turkish economy is in good health, and beginning to show signs of a welcome rebalancing. However, as a consequence, retail sales are starting to suffer from measures to... 30th May 2014 · 1 min read
Europe Commercial Property Update Low office and retail yields in Vienna justified for now A surge in Austrian property investment has helped to drive Vienna office and retail yields to record lows. These yields will not be sustainable once interest rates and bond yields normalise. But... 28th May 2014 · 1 min read
