UK Commercial Property Focus Is the revival of hotel investment a sign of better times ahead? To us, the recent surge in hotel deals is not indicative of any sharp, sector-specific improvement in the underlying demand drivers. Instead, investors simply seem to have been making opportunistic... 8th July 2013 · 1 min read
Europe Commercial Property Update Russian property: is the best now behind us? The structural slowdown in Russian economic growth suggests that commercial property rents will enter a lower growth phase. This is a concern given that sustained, decent rates of rental growth are... 5th July 2013 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Jun.) The construction PMI indicates that, after four months of falls, commercial property activity was broadly stable in June. This hardly suggests that developers anticipate a surge in occupier demand or... 2nd July 2013 · 1 min read
Europe Commercial Property Update Ireland – a false dawn for property? News that the Irish economy is back in recession is a reminder that Dublin’s property market still faces significant headwinds. Indeed, all-property capital values in Dublin could yet suffer another... 2nd July 2013 · 1 min read
UK Commercial Property Update Recent bond yield rises might not be as bad for property as they seem The recent bond market sell-off is unlikely to trigger a commercial property triple-dip. But it may take the heat out of London and other prime segments, while also acting as a catalyst for increased... 27th June 2013 · 1 min read
Europe Commercial Property Update Which markets are most at risk from the rise in bond yields? The recent rise in bond yields is unlikely to feed automatically into higher European property yields. But to the extent that it increases concerns about the growth outlook and debt burdens, the... 26th June 2013 · 1 min read
Europe Commercial Property Update French logistics market to hold up better than office or retail The post-credit crunch underperformance by logistics capital values in France relative to the office and retail sectors may leave scope for a period of outperformance. Yet this morning’s business... 25th June 2013 · 1 min read
UK Commercial Property Chart Pack Capital values at a turning point Initial yields were broadly stable again in May, but once you take the figures down to two decimal places, all-property capital values rose. The gain of 0.01%m/m was obviously miniscule, but it was... 25th June 2013 · 1 min read
UK Commercial Property Data Response Institutional Investment in Property (Q1 13) UK-based investing institutions continued to expand their commercial property portfolios in Q1. Historically, this has been associated with rising capital values and we remain confident that modest... 21st June 2013 · 1 min read
Europe Commercial Property Update Is it possible that Spanish property is now a good bet? Improvements in Spanish economic sentiment suggest that the recession has eased in the second quarter. Given that there is plenty of headroom for Spanish office and industrial capital values to rise... 20th June 2013 · 1 min read
Europe Commercial Property Update How sustainable are Stockholm office yields? The low level of Stockholm office yields reflects safe haven demand and Sweden’s comparatively strong economy. These factors are likely to support yields for the next year or so. On a five-year view... 19th June 2013 · 1 min read
UK Commercial Property Update Capital values at a turning point? The IPD data for May appear to show that commercial property values have turned the corner. With both economic sentiment and the hard economic activity data now delivering more positive than negative... 18th June 2013 · 1 min read
UK Commercial Property Update Big Six office markets: Birmingham and Glasgow still set to lag The latest FBS jobs data support our view that Manchester will be amongst the best performing Big Six (non-London) office markets this year, as it was in 2012. But given high vacancy rates and soft... 13th June 2013 · 1 min read
UK Commercial Property Data Response Financial and business services sector jobs (Q1 13) The continued, steady increase in the number of financial & business services sector jobs in the first three months of the year should provide a further boost to London office rents for at least the... 12th June 2013 · 1 min read
UK Commercial Property Data Response Financial and business services sector jobs (Q1 13) The continued, steady increase in the number of financial & business services sector jobs in the first three months of the year should provide a further boost to London office rents for at least the... 12th June 2013 · 1 min read
Europe Commercial Property Update Are Czech industrial rents about to pick up? Recent Czech data seem to show that activity in the external sector is on the up. That bodes well for Czech industrial property. But the domestic economy is still fragile and demand from consumer... 6th June 2013 · 1 min read
