Europe Commercial Property Focus Is it too soon to look beyond core European property markets? Above-average falls in rental values and a rising yield gap with core markets both suggest that there is growing scope for commercial property in the peripheral euro-zone economies to outperform... 4th December 2012 · 1 min read
UK Commercial Property Focus The outlook for 2013: a return to rising capital values? Our sense is that investor sentiment has improved in recent months and some are now starting to look ahead to the next commercial property recovery. Accordingly, although the current downturn is not... 3rd December 2012 · 1 min read
Europe Commercial Property Update Will the Oslo-Stockholm all-property yield differential widen? If the euro-zone crisis worsens and economic growth in Norway and Sweden disappoints, property yields in both Oslo and Stockholm are likely to rise by 30bps to 50bps over the next 12-18 months... 30th November 2012 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Oct. 12) Net commercial property lending was negative for the 11th consecutive month in October. However, while lenders continue to make progress on working out nonperforming loans, uncertainty and the weak... 29th November 2012 · 1 min read
Europe Commercial Property Update Will core market property yields be immune to the downturn? Outside the peripheral markets, the economic downturn in the euro-zone has yet to have a material impact on commercial property values. Yet if the recession deepens as we anticipate, the next six... 27th November 2012 · 1 min read
UK Commercial Property Data Response Colliers/Real Estate Capital Pricing Survey (Nov 12) The latest Colliers/ Real Estate Capital survey suggests that secondary property yields have ticked down in recent months. It is too early to be sure that this is a start of a new trend. But these... 26th November 2012 · 1 min read
UK Commercial Property Update South East offices: is an occupier market recovery underway? Over the past few months, the fledgling South East office occupier market recovery has continued. And given that this region has an above-average exposure to the technology sector of the economy... 22nd November 2012 · 1 min read
Europe Commercial Property Update Is retail property in Brussels overpriced? We think that weak retail fundamentals in Belgium don’t warrant the currently low level of retail property yields in Brussels. Indeed, our forecast that consumer spending and retail rents are likely... 22nd November 2012 · 1 min read
Non-Euro Europe Commercial Property Chart Pack Are Scandinavian property prices on the brink? Consistent with the slowdown in the region’s economies, the upturn in commercial property rents in Scandinavia seems to have stalled. Given that, we think that yields will begin to rise before long... 21st November 2012 · 1 min read
UK Commercial Property Chart Pack Capital value downturn extends to 12 months in October IPD all-property initial yields were unchanged in October, but the small drop in rents meant that capital values fell further. Indeed, there have now been 12 consecutive monthly falls in capital... 20th November 2012 · 1 min read
Europe Commercial Property Chart Pack Commercial property prices on their last legs? In Q3, the euro-zone economy entered recession. For now, across the euro-zone as a whole commercial property rents and yields are pretty much flat. But if we are right that the region’s economic... 16th November 2012 · 1 min read
UK Commercial Property Outlook The modest downturn is nearly over The economy is set to expand over the next year or two, but only slowly, preventing a strong rebound in property rents. Even so, investor confidence is showing signs of life and we think the current... 13th November 2012 · 1 min read
Europe Commercial Property Update Will Turkey's sovereign debt upgrade lower property yields? At the margins, a case could be made that Turkey’s sovereign debt upgrade could boost investor sentiment towards all Turkish assets, including property. But, in 2013, given the prospect of tight... 12th November 2012 · 1 min read
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
