UK Commercial Property Update The prospects for Central London office rents have improved The Central London office market clearly still has a significant degree of momentum and we have revised up our rental growth forecasts by two or three percentage points each year for 2013 to 2015. 12th September 2013 · 1 min read
Europe Commercial Property Update Bumpy path ahead for Turkish retail yields Yesterday’s Q2 GDP data from Turkey suggest that retail occupier demand in Istanbul and Ankara is currently pretty strong. Against this backdrop, we think retail yields in both markets could fall... 11th September 2013 · 1 min read
UK Commercial Property Data Response Financial and business services sector jobs (Q2 13) The number of financial & business services (FBS) sector jobs rose strongly again in Q2. Despite the looming spike in new Central London office development completions, this continued demand growth... 11th September 2013 · 1 min read
Europe Commercial Property Update Is industrial property in Prague poised to outperform? Our forecasts envisage that by end-2017, office and retail capital values in Prague are unlikely to be materially higher than current levels. By contrast we think that industrial values might rise by... 10th September 2013 · 1 min read
UK Commercial Property Data Response IPF Consensus Forecasts (Q3 13) The spike in mortgage interest rates has taken a toll on housing market activity, but we don’t expect it to knock the housing recovery off course. Nevertheless, with the inventory of homes for sale... 6th September 2013 · 1 min read
Europe Commercial Property Update What can we glean from regional unemployment data in the euro-zone? Unlike in Germany, regional labour market data from elsewhere in the euro-zone do not give much of a steer on the likely near-term paths of local office market vacancy rates. However, they do suggest... 6th September 2013 · 1 min read
Europe Commercial Property Update Euro-zone retail occupier markets strengthening, but values still at risk The main issue with UK regional indicators published in August was the poor economic performance that the Labour Force Survey ascribed to several regions, including London. Our view is that the LFS... 4th September 2013 · 1 min read
UK Commercial Property Data Response Construction PMI (Aug.) and Mergers & Acquisitions (Q2 13) August’s CIPS/Markit PMI indicated that developers anticipate a pick-up in occupier demand in the next few quarters, while the latest mergers and acquisitions (M&A) data were also encouraging. Our... 3rd September 2013 · 1 min read
Europe Commercial Property Outlook No boom, but better times to come The economic outlook for the euro-zone has brightened since our previous Analyst, prompting us to increase our forecasts for commercial property capital values and total returns. Indeed, our less... 28th August 2013 · 1 min read
UK Commercial Property Chart Pack Capital values up for second month in a row Despite flat rents, a further small fall in yields in July was enough for all-property capital values to tick up by 0.2%m/m, the second such rise in a row. Meanwhile, investment market activity was... 23rd August 2013 · 1 min read
Europe Commercial Property Update What is the outlook for German office vacancy rates? The German economy seems to be getting back onto a solid footing. However, given the normal lags between developments in the economy and the property market, changes already seen in regional labour... 22nd August 2013 · 1 min read
UK Commercial Property Update Jobs pick-up in Scotland and North West a better sign for rents The pace of employment growth has slowed in several regions over the past few months but picked up in Scotland and the North West. Other factors such as existing vacancy rates are obviously relevant... 21st August 2013 · 1 min read
Europe Commercial Property Update Could falls in Brussels office yields be sustained? The last few weeks have brought increased evidence that the Brussels office market is gaining popularity with national and international investors. For now, occupier market conditions remain pretty... 19th August 2013 · 1 min read
Europe Commercial Property Update Warsaw office market rental downturn has a little further to run The latest data suggest that occupier demand in the Warsaw office market is beginning to strengthen again. But with employment in the Polish capital still low and the near-term office development... 15th August 2013 · 1 min read
UK Commercial Property Update Deals data: a reminder that property outlook has some clouds Despite anecdotal evidence that the regions are coming back into focus, the latest commercial property transactions data suggest that London continues to take most of investors’ attention. Without... 15th August 2013 · 1 min read
Europe Commercial Property Update Returning confidence in the Italian property market premature Signs of a renaissance in Italy’s commercial property investment market appear to be heavily reliant on investors targeting distressed property. To the extent that most investors are unwilling to buy... 12th August 2013 · 1 min read
