UK Commercial Property Update Rental values - are comparisons with the 1990s relevant? The stagnation of commercial property rents over the past two years is similar to the experience of the mid-1990s. But while the earlier episode laid the foundations for a sustained recovery, a repeat... 11th April 2012 · 1 min read
UK Commercial Property Data Response RICS Commercial Property Market Survey (Q1) The overall tone of the latest RICS survey was more positive than in the previous two to three quarters. However, this was not broad-based, only reflecting better results from the industrial sector... 10th April 2012 · 1 min read
Europe Commercial Property Update Weak service sector putting the brakes on euro-zone office rent growth This morning’s PMI data suggest that business activity in the euro-zone’s service sector remains subdued. And if the past relationships between employment PMIs and office rental value growth continue... 4th April 2012 · 1 min read
Europe Commercial Property Update As good as it gets for German retail rents? February’s fall in German retail sales volumes served as a timely reminder that the strong recovery in retail rents in the euro-zone’s largest economy cannot be taken for granted. Nevertheless, while... 2nd April 2012 · 1 min read
UK Commercial Property Update Central London office rents remain on track to rise this year Positive results from the latest CBI/PwC Financial Services survey point to a modest rise in City and West End office rental values in 2012. But the improvement in financial services firms’ sentiment... 2nd April 2012 · 1 min read
UK Commercial Property Data Response Property lending (Feb.) and Credit Conditions Survey (Q1) The latest net lending data and Q1’s Credit Conditions survey confirm that the commercial property funding environment remains very difficult. Further negative net lending flows look more likely than... 29th March 2012 · 1 min read
Europe Commercial Property Update Are Polish retail occupier market conditions as healthy as they seem? Yesterday’s retail sales data from Poland suggest that occupier demand for retail floorspace in Warsaw is still strong relative to most of Europe. But the big picture is that consumer spending growth... 27th March 2012 · 1 min read
UK Commercial Property Update The best may have passed for hotel property returns The Olympics are now only four months away and one obvious, potential beneficiary is the London hotel sector. But even if London hotels do receive a boost, this won’t disguise the weak demand... 27th March 2012 · 1 min read
Europe Commercial Property Update Still no sign of a recovery in Budapest office rental values 2011 was a record-breaking year for take-up in the Budapest office market. Yet this failed to drive any form of recovery in office rents. Unfortunately, with employment set to fall and occupier... 26th March 2012 · 1 min read
UK Commercial Property Data Response Institutional Investment in Property (Q4) Official data show that institutions made net purchases of property in Q4. This contrasts starkly with the net sales recorded by Property Archive. But we suspect that this may just reflect timing... 23rd March 2012 · 1 min read
Europe Commercial Property Update Are things starting to look up for the Copenhagen retail market? Recent macroeconomic indicators from Denmark might raise hopes that the outlook for Copenhagen retail rental values has improved significantly. But with the impact of past falls in household spending... 22nd March 2012 · 1 min read
UK Commercial Property Chart Pack Capital value falls pick up pace in February A small increase in IPD all-property initial yields in February, coupled with the modest decline in rental values, pushed down capital values by 0.3%m/m. That was the third fall in a row and the... 22nd March 2012 · 1 min read
Europe Commercial Property Update Which European office markets are most at risk of oversupply? Within Europe, office markets in the euro-zone’s peripheral region appear to be most at risk of oversupply over the next two years. But less obviously, office markets in Amsterdam and Budapest also... 20th March 2012 · 1 min read
Europe Commercial Property Update Have Portuguese property yields already risen enough? In our view, over 2012-13, Portugal will endure the second deepest recession in the euro-zone. Even so, the gap between the Portuguese property/bond yield spread and its long-term average is by no... 16th March 2012 · 1 min read
Europe Commercial Property Update Are deal volumes in Emerging Europe property markets set to fall? Investment market activity across Central & Eastern Europe (CEE) in the final stages of 2011 was not as weak as the initial estimates suggested. Even so, because of the weak economic outlook for most... 13th March 2012 · 1 min read
Europe Commercial Property Update Is a period of underperformance looming for Munich offices? Prime office capital values in Munich in 2011 outperformed the other main German cities, thanks mainly to a sharp rise in office rents. But while this rise might have raised the scope for office rents... 8th March 2012 · 1 min read
