Europe Commercial Property Update Is the RICS survey too gloomy about occupier demand in France? Recent data from RICS showing that occupier demand in France has been falling are consistent with figures showing that office and industrial take-up has weakened significantly. The data also look... 9th November 2012 · 1 min read
Non-Euro Europe Commercial Property Outlook Returns set to weaken in the year ahead If we are right that the euro-zone economy will continue to weaken, the drag on economic activity in non-euro-zone European economies is likely to intensify. As a result, occupier markets in non-euro... 8th November 2012 · 1 min read
Europe Commercial Property Outlook Euro-zone property at a turning point The economic backdrop to euro-zone commercial property markets continues to deteriorate. Our forecasts, that all member states will experience some falls in economic output next year, appear to be on... 8th November 2012 · 1 min read
UK Commercial Property Update Better insolvencies data are encouraging for property yields The latest corporate insolvencies data were the best in more than four years and our GDP forecasts suggest that the worst may now have passed for business failures. This should help to ease investors’... 8th November 2012 · 1 min read
Europe Commercial Property Update Could Romanian retail be a good medium-term bet? Fresh signs of life in the consumer sector, together with relatively low retail property prices, seem to have prompted investor interest in the Romanian retail market. But the immediate outlook for... 7th November 2012 · 1 min read
UK Commercial Property Update Leisure property to stay ahead of the pack It is no surprise to us that leisure has recently been one of the best performing segments of the commercial property market. And with consumer spending on recreational activities set to expand at a... 6th November 2012 · 1 min read
Europe Commercial Property Update Will German property rents be immune to the downturn? Recent business surveys do nothing to undermine our forecast that Germany will lapse back into recession next year. Admittedly, that recession should be mild. But that is unlikely to prevent... 1st November 2012 · 1 min read
Europe Commercial Property Update Bank deleveraging to prompt rise in distressed property sales The results of this morning’s Q3 ECB Bank Lending Survey suggest that both occupier and investment demand for commercial property in the euro-zone is likely to weaken in the near term. And with many... 31st October 2012 · 1 min read
Europe Commercial Property Update Are commercial property yields in Russia set to rise? To date, despite a sharp drop in investment volumes and growing evidence of a sharp slowdown in GDP growth, property yields in Moscow have not risen as we anticipated. But while a case can be made... 30th October 2012 · 1 min read
UK Commercial Property Update Income protection still problematic, but the worst may have passed The results from the latest IPD/Strutt & Parker Lease Events Review, including more break clauses being exercised and the tenant default rate rising, confirm that the past year has been another tough... 25th October 2012 · 1 min read
Europe Commercial Property Focus Have Irish commercial property values reached a floor? The tone of both of today’s commercial property data releases was downbeat. Although the latest Bank of England survey showed that credit supply in the sector has improved slightly, borrowers are not... 25th October 2012 · 1 min read
UK Commercial Property Data Response RICS Construction Survey (Q3 12) Today’s RICS data suggest that commercial property developers anticipate occupier demand remaining soft, consistent with mild, near-term falls in IPD all-property rental values. We certainly agree... 24th October 2012 · 1 min read
Europe Commercial Property Update What is the outlook for retail rents in Stockholm? Over the next year or so, we think retail rental values in Stockholm will remain flat. Indeed, although we don’t expect consumer spending to contract, growth is likely to be very subdued, especially... 23rd October 2012 · 1 min read
UK Commercial Property Chart Pack Modest yield increases continue to undermine capital values All-property initial yields edged up again in September, from 6.34% to 6.36%. As a result, capital values continued to drift lower, down by 0.4%m/m and 3.1%y/y. The drop in September was the 11th... 23rd October 2012 · 1 min read
UK Commercial Property Update Newsflow continues to point to improving investor confidence At the margin, this week’s Allsop auction results and the withdrawal of RBS from the Asset Protection Scheme (APS) both support the growing sense that sentiment towards the commercial property market... 18th October 2012 · 1 min read
Europe Commercial Property Update Are commercial property investment volumes in CEE set to recover? Given the weak economic outlook for the Emerging European economies and the fact that credit conditions are likely to remain tight, we suspect that over the next 18 months the recent rise in... 18th October 2012 · 1 min read
