UK Commercial Property Update Have institutions' property allocations passed their trough? Over the next few years, it seems likely that UK investing institutions will buck the long-term trend and raise their allocations to property. Any increase in proportional terms, however, would... 15th April 2011 · 1 min read
Europe Commercial Property Update Have Spanish office rents reached a floor? Preliminary agency data shows that office rental values in Madrid and Barcelona fell further in the first three months of the year. It is tempting to conclude that having dropped by almost a third... 14th April 2011 · 1 min read
UK Commercial Property Update Is West End retail's outperformance set to end? West End retail property remained a star performer in 2010. But relative rents in this prime segment are now at a record high while relative yields are at a record low. Both suggest that Central... 13th April 2011 · 1 min read
Europe Commercial Property Update Poland: which sector offers the best investment opportunities? Recent evidence suggests that European commercial property investors are showing a healthy appetite for the Polish market. We agree that the prospects for returns in Poland are among the best in... 5th April 2011 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Mar) In February, the CIPS/Markit construction PMI hit its highest level since last June, driven primarily by a surge in residential construction activity. However, activity in the commercial property... 4th April 2011 · 1 min read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q1) Today’s Credit Conditions Survey suggested that there is unlikely to be a surge in lending flows in either the residential or commercial property market any time soon. Residential credit availability... 1st April 2011 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Feb) Net new lending to standing commercial property in February was positive. However, given that banks’ exposure to property remains high, we doubt that lending flows are about to surge. But today’s data... 29th March 2011 · 1 min read
Europe Commercial Property Update Capital value growth outlook still weak in Budapest and Bucharest Q4’s rebound in all-property capital values in Budapest and Bucharest is unlikely to mark the start of a rapid recovery. Indeed, weak economic growth prospects argue against a near-term recovery in... 29th March 2011 · 1 min read
UK Commercial Property Data Response Institutional investment in property (Q4 10) UK institutional investors made a smaller net purchase of property in Q4 2010 than in Q3, though inflows were still solid by historical standards. With anecdotal evidence suggesting that investors’... 25th March 2011 · 1 min read
Europe Commercial Property Update Euro-zone retail rental value growth outlook still pretty weak The latest macroeconomic data do little to alter our view that any recovery in euro-zone retail rental values this year will be lacklustre. They also seem consistent with our view that near term... 25th March 2011 · 1 min read
UK Commercial Property Chart Pack Investor activity softens but UK property still a key target Central London offices were once again the only markets to see higher rental values in February. West End office rental values, for example, were up by more than 1%m/m but, by contrast, shopping... 24th March 2011 · 1 min read
UK Commercial Property Data Response Colliers/Real Estate Capital Pricing Survey (Mar 11) The latest Colliers/Real Estate Capital survey showed that commercial property prices are still expected to fall this year, but only modestly, before mild, rent-driven increases are seen in 2012. The... 23rd March 2011 · 1 min read
Europe Commercial Property Update Are office rental values more vulnerable in Madrid than Barcelona? Many of the recent occupier market signals suggest that the outlook for Madrid office markets is marginally better than in Barcelona. Yet, if Spain continues to shed jobs this year as we expect, an... 22nd March 2011 · 1 min read
Europe Commercial Property Update Divergent prospects for CEE property markets As in the West, commercial property markets in Emerging Europe are likely to split into three camps over the next two years - the good, the bad and the also-rans. While we remain wary of property... 17th March 2011 · 1 min read
Europe Commercial Property Update Danish investment market to continue lagging Scandinavian recovery Given the weaker prospects for economic and rental growth in Denmark relative to Norway and Sweden, as well as the fact that commercial property in Copenhagen looks fairly pricey, the Danish property... 16th March 2011 · 1 min read
UK Commercial Property Update Financial and business services sector jobs (Q4) Financial & business services (FBS) sector jobs edged up in Q4, though year-on-year growth is yet to recover to levels consistent with strong and sustained gains in City office rental values. We... 16th March 2011 · 1 min read
