UK Commercial Property Focus Is Manchester property a good bet? Growing numbers of investors appear to be looking beyond London and other prime markets, and for many Manchester seems to be a key target. Our top-down analysis suggests that the prospects for rents... 23rd October 2013 · 1 min read
UK Commercial Property Data Response RICS Construction Survey (Q3 13) Today's RICS Construction Survey had a distinctly positive tone, with both residential and commercial property activity reported to have risen strongly in Q3. This points to developers having... 22nd October 2013 · 1 min read
Europe Commercial Property Update German office occupier demand set to strengthen Third-quarter agency data show that, overall, office occupier market activity in Germany's major markets has continued to trend lower. But take-up levels remain relatively high, while the positive... 18th October 2013 · 1 min read
UK Commercial Property Update Transactions data add to positive news flow Transactions-based yields have fallen pretty sharply in recent months and, rather than technicalities to do with shifts in the mix of properties being traded, this is another sign of a genuine... 15th October 2013 · 1 min read
Europe Commercial Property Update Should we worry about Turkey’s shopping centre pipeline? Over the next 18 months, Turkey’s shopping centre market faces a 20% rise in supply. Yet unlike 2008 and 2011, when supply rose by a similar margin, occupier market fundamentals should prove more... 10th October 2013 · 1 min read
Europe Commercial Property Update Will Spanish property yields close the gap with core markets? The factors which have supported the sharp narrowing of the spread between Spanish and German government bond yields over the past year or so should also be supportive of Spanish property values... 8th October 2013 · 1 min read
UK Commercial Property Focus Rising confidence will accelerate property’s recovery Occupier confidence has finally taken a turn for the better. We think that this will accelerate the recovery in commercial property rents and prices. The consensus view is that IPD all-property... 8th October 2013 · 1 min read
UK Commercial Property Update More evidence that rental gains will spread beyond London offices We suspect that the drop in financial services sector output indicated by the latest CBI/PwC survey was simply a seasonal lull and that Central London office rents will continue to grow. Moreover... 7th October 2013 · 1 min read
Europe Commercial Property Update Are opportunities emerging in European non-prime property? The spreads between non-prime and prime yields in some of Europe’s core property investment markets have widened over the past few years. But without stronger evidence of a sustainable economic... 3rd October 2013 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Sep. 13) The CIPS/Markit construction PMI suggests that commercial property developers are increasingly confident about the prospects for occupier demand and, hence, rental values. The conventional wisdom is... 2nd October 2013 · 1 min read
UK Commercial Property Update Hotel returns should remain solid but not stellar Inbound tourism volumes continue to drift upwards and many UK residents are seemingly still content to save money and take a domestic holiday rather than go abroad. This should help hotel capital... 25th September 2013 · 1 min read
Europe Commercial Property Update What does the end of Ireland’s recession mean for Dublin property? Last week’s data, which confirmed that the economy took another step forward in the second quarter, was welcome news for Irish property markets. But there was little sign of any material strengthening... 23rd September 2013 · 1 min read
UK Commercial Property Data Response Institutional Investment in Property (Q2 13) UK-based investing institutions were net sellers of commercial property in Q2. But this seems more likely to be a temporary blip rather than the start of a sustained sell-off and we think the nascent... 20th September 2013 · 1 min read
Europe Commercial Property Update Still a long way to go for Italian and Dutch GOEF liquidations Changes to the legislation governing German Open-Ended Funds (GOEFs) this year seem to have been well received. The overall value of the sector has stabilised and new fund launches are being planned... 19th September 2013 · 1 min read
UK Commercial Property Update Is the end in sight for the Central London shop boom? With yields already at low levels, the pace of Central London shop capital value growth is likely to slow over the next year or so. But with rents looking well-supported, falls in capital values in... 19th September 2013 · 1 min read
Europe Commercial Property Update What next for French and German capital values? September’s MPC minutes suggest that, despite the arguably disappointing impact of forward guidance, the Committee is happy with its policy stance. A resumption of quantitative easing (QE) before the... 17th September 2013 · 1 min read
