Europe Commercial Property Update Swiss office rental value correction may not be over Subdued take-up combined with speculative development mean that the short-term risks for rental values in Geneva and particularly Zurich lie to the downside. Nevertheless, with GDP set to grow... 3rd July 2014 · 1 min read
Europe Commercial Property Update Could improved transparency drive yield compression? Ireland, Portugal, Hungary and Romania all registered strong improvements in JLL’s 2014 Global RealEstate Transparency Index. As such, in these countries the scope for yields to narrow seems to... 2nd July 2014 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Jun.) The CIPS/Markit construction PMI showed that the pace of growth in commercial property development activity in June was more or less at a seven-year high. The implication is that developers’ are... 2nd July 2014 · 1 min read
UK Commercial Property Update Banking headcounts dip, but London office rents will grow further The tone of the latest CBI/PwC Financial Services survey was more circumspect than over the past six to 12 months, but the results were still encouraging for Central London office occupier markets... 30th June 2014 · 1 min read
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
