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
UK Commercial Property Focus Is weak investment market activity a sign of trouble ahead? Arguably, if the recent drop in commercial property investment market activity is primarily a function of a lack of stock for sale, it will have little bearing on the outlook for capital values. Yet... 8th March 2012 · 1 min read
Europe Commercial Property Update Will strong investment demand in Spain be sustained? One interpretation of the sharp jump in investment activity in Spain at the end of last year is that overseas investors stepped up their interest in distressed property in anticipation that values may... 6th March 2012 · 1 min read
UK Commercial Property Data Response Mergers and Acquisitions (Q4) Merger and acquisition (M&A) activity in the UK strengthened a little in Q4, but remains subdued by past standards. At the margin, this will dampen Central London office occupier demand, adding to our... 6th March 2012 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Feb.) Unlike yesterday’s manufacturing sector survey, today’s PMI data reported that activity levels in the construction sector strengthened in February. Activity in the commercial property sector continues... 2nd March 2012 · 1 min read
