Europe Commercial Property Update Hungarian risk factors on the rise The recovery in Hungary may have a less solid base than some of the recent news flow might suggest. In any event, the positive economic news needs to be offset against the growing political risks and... 7th January 2011 · 1 min read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q4) Today’s Credit Conditions Survey showed that in both the housing and commercial property markets lenders have continued slowly to improve the volume of credit that is available, if not its terms... 6th January 2011 · 1 min read
Europe Commercial Property Update Has Swedish industrial yield outperformance run its course? The relative strength of Swedish economic growth in 2010 has helped to push industrial property yields in Stockholm below those in Copenhagen. Although almost unprecedented, with the Swedish economy... 5th January 2011 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Dec) Construction activity in the civil engineering and housing sectors fell in December while commercial property saw the slowest pace of growth in 10 months. That moderation in the rate of development... 5th January 2011 · 1 min read
UK Commercial Property Chart Pack Property market still in a holding pattern The economy is holding up well for now, with retail sales volumes, for example, rising in November. However, the labour market is beginning to creak, with employment on the Labour Force Survey falling... 22nd December 2010 · 1 min read
UK Commercial Property Data Response Institutional investment in property (Q3) The dip in net purchases of property by UK institutional investors in Q3 may signal the start of a renewed soft patch for property investment. But if we are right that the recent rise in bond yields... 21st December 2010 · 1 min read
UK Commercial Property Data Response Colliers/Real Estate Capital Pricing Survey The latest Colliers/Real Estate Capital survey confirmed that this year’s gains in commercial property capital values are expected to give way to modest falls of perhaps 2% to 3% in 2011. Positive... 20th December 2010 · 1 min read
UK Commercial Property Update Lenders' leniency hinges on low inflation and interest rates Recent Bank of England and De Montfort University reports suggest that deleveraging in the UK commercial property sector is likely to continue in a slow but reasonably orderly fashion. However, one... 17th December 2010 · 1 min read
Europe Commercial Property Update Is there any value left in European commercial property markets? A comparison of prime commercial property yields to estimates of their fair value levels presents a mixed picture. While a few seem overvalued, and a few more fairly valued, many still look quite... 17th December 2010 · 1 min read
UK Commercial Property Data Response Financial and business services sector jobs (Q3) The number of jobs in the financial & business services (FBS) sector rose again in Q2, taking the increase since the start of the year to 1.7%, or 104,000 jobs. We remain cautiously optimistic about... 15th December 2010 · 1 min read
Europe Commercial Property Update Why have industrial rental values in Rome been so badly hit? Their high starting point, a large development pipeline and a greater sensitivity to developments in the domestic economy all help to explain the relatively large falls in industrial rental values in... 14th December 2010 · 1 min read
Europe Commercial Property Update Does the ruble pose a threat to the Russian retail rental recovery? Retail rental values in Emerging Europe are sensitive to currency fluctuations. Indeed, the weakness of the Romanian leu may help to explain why retail rents in Bucharest have been so weak this year... 9th December 2010 · 1 min read
UK Commercial Property Update Retail suffering from rising vacancy amongst non-prime buildings IPD vacancy rate data support the widely-held view that non-prime property has suffered more than prime from a rise in empty floorspace over the past two years. The figures also suggest that the... 9th December 2010 · 1 min read
Europe Commercial Property Update German funds: liquidations point to downside risks for property prices For now, the recent poor health of some German open-ended property funds is unlikely to have a meaningful impact on European property investment demand. But the potential for more fund liquidations... 8th December 2010 · 1 min read
UK Commercial Property Data Response Mergers and Acquisitions Activity (Q3) Mergers and acquisitions (M&A) activity involving UK firms strengthened in Q3, a development that is likely to have supported office rents in Central London. Even so, with economic growth likely to be... 7th December 2010 · 1 min read
Europe Commercial Property Update Do the harmonised falls in property yields in Paris and Lyon make sense? On first glance, it is striking that falls in property yields in Lyon have more or less matched those in Paris. However, with broadly similar prospects for rental value growth, at least for the retail... 2nd December 2010 · 1 min read
