Europe Commercial Property Update What does buoyant Hungarian sentiment imply for property? Buoyant economic sentiment in Hungary may overstate the underlying health of the domestic economy. We would not be surprised if sentiment and GDP growth cooled later this year. Nevertheless... 20th March 2014 · 1 min read
UK Commercial Property Update Is the South East office market overheating? It is tempting to view the recent spike in capital values in the South East office market as a sign of overheating. Yet the gains to date seem consistent with rapidly improving occupier market... 20th March 2014 · 1 min read
Europe Commercial Property Update What effect will the weaker krone have on Oslo industrial rents? The Norwegian krone is not a key driver of industrial rental values in Oslo. That said, at the margin, the currency’s fall is another reason to expect the recovery in industrial rental values over the... 19th March 2014 · 1 min read
UK Commercial Property Data Response Institutional Investment in Property (Q4 13) Official data confirm that institutional demand for UK commercial property assets ended last year on a high. However, more timely data suggest that 2014 has got off to a quieter start. Nevertheless... 19th March 2014 · 1 min read
Europe Commercial Property Update How healthy is the outlook for the Czech investment market? The 80% rise in Czech investment volumes in 2013 was more than double the average recorded across the CEE region as a whole. But the underlying trend is far weaker than the headline numbers suggest... 13th March 2014 · 1 min read
Europe Commercial Property Update Is the office occupier market in Brussels about to turn a corner? The economic recovery, combined with improving business confidence, should help to boost occupier demand in Brussels this year. But with leasing incentives still generous and the economic recovery... 10th March 2014 · 1 min read
UK Commercial Property Update Has London property lost its appeal? London’s share of commercial property transactions slumped to a four-year low in Q4 last year. But rather than a sign of problems in the London market, which in fact remains buoyant, the data serve to... 10th March 2014 · 1 min read
UK Commercial Property Data Response Construction PMI (Feb.) and Mergers & Acquisitions (Q4) Today’s PMI showed that commercial property construction growth slowed a little in February. But it is still growing rapidly and suggests that developers are very confident about the prospects for... 4th March 2014 · 1 min read
UK Commercial Property Data Response IPF Consensus Forecasts (Q1 14) Respondents to the latest IPF Consensus survey more or less doubled their projections for capital value growth this year, reflecting a view that yields will fall more quickly than previously thought... 28th February 2014 · 1 min read
Europe Commercial Property Update Is a downturn looming for Turkish retail property? Reflecting the recent hike in official interest rates, credit growth and consumer spending in Turkey are vulnerable to a slowdown. In turn, and given that rents are high while yields are low, there is... 27th February 2014 · 1 min read
Europe Commercial Property Update Are Stockholm retail rents poised to take-off again? Retail rental values in Stockholm ended 2013 strongly, rising by 2%q/q in Q4. This pushed the annual rate of rental growth above 2% for the first time since mid-2012. We expect rental growth to... 26th February 2014 · 1 min read
UK Commercial Property Chart Pack Investment market pauses for breath after busy year-end Investment market activity made a slightly subdued start to 2014, but at least part of this looks likely to have been due to some deals having been “pulled forward” into December. Either way, we think... 24th February 2014 · 1 min read
UK Commercial Property Focus How far and fast might non-prime capital values rise? As we had been anticipating, non-prime property has started to outperform prime. Our forecast is that average non-prime capital values rise by 10% this year and about 6% in 2015. That will be stronger... 20th February 2014 · 1 min read
UK Commercial Property Update Has the retail occupier market turned for the better? Anecdotal evidence suggests that, in general, the worst has passed for retail occupier markets. This is yet to become absolutely apparent in the IPD data, but at least more segments are now recording... 19th February 2014 · 1 min read
Europe Commercial Property Update Is Portugal the next Ireland? Some of the conditions that preceded Ireland’s strong investment market recovery a couple of years ago are now evident in Portugal. GDP is expanding at a decent rate, while the deficit reduction... 18th February 2014 · 1 min read
Non-Euro Europe Commercial Property Chart Pack Property yields continue to edge lower Investment demand for commercial property in 2013 as a whole was relatively strong in the UK and Emerging Europe. But it weakened in Scandinavia, despite signs of improving economic fundamentals and... 13th February 2014 · 1 min read
