Europe Commercial Property Update Tight credit conditions keep the brakes on the property recovery This morning’s ECB bank lending survey suggests that credit conditions for business and household lending in the euro-zone remained tight in Q1 2010. With expectations for Q2 much the same, this will... 28th April 2010 · 1 min read
UK Commercial Property Chart Pack Central London office rents rise in March; outlook is positive (May 10) The economy got off to a slow start in 2010, with GDP rising by just 0.2%q/q in Q1. That was well below analysts’ expectations for a rise of roughly 0.5%, and reflected a fairly big fall in... 28th April 2010 · 1 min read
UK Commercial Property Update Demand data-flow positive for industrial rents; supply less so Industrial rental values remain on track to fall in 2010 as a whole, but last week’s CBI Industrial Trends survey pointed to a better outlook in 2011 than we have pencilled in. For now, reflecting the... 26th April 2010 · 1 min read
Europe Commercial Property Focus Polish retail property market outlook Over the next few years we think that the Polish retail market will outperform most retail markets in both Emerging Europe and the euro-zone. Indeed, the sanguine outlook for retail occupier demand... 23rd April 2010 · 1 min read
Europe Commercial Property Update Easing credit availability supporting Norwegian investment recovery Q1’s easing of credit conditions for commercial real estate in Norway will continue to support the nascent property investment market recovery. The recovery in yields is well underway, but we think... 22nd April 2010 · 1 min read
UK Commercial Property Data Response RICS Commercial Property Market Survey (Q1 2010) Today’s RICS survey showed that new lettings activity rose again in Q1 and is set to remain solid over the next few quarters. This should start to soak up vacant space and we continue to expect the... 22nd April 2010 · 1 min read
Europe Commercial Property Update Resilience of Dutch retail rents unlikely to last The fading recovery in consumer confidence highlights the fact that retail occupier demand in the Netherlands is likely to remain pretty fragile. And with property-specific supports to headline rental... 21st April 2010 · 1 min read
UK Commercial Property Update Capital gain of 10% this year still on the cards Commercial property’s strong start to 2010 has already left the latest IPF Consensus forecast looking a little conservative. We remain comfortable with our forecast for a 10% rise in IPD capital... 21st April 2010 · 1 min read
UK Commercial Property Update Soft spending prospects to restrain leisure property Tuesday’s BRC Retail Sales Monitor suggested that high street spending continues to hold up well. Off the high street, however, things are not so rosy, especially for spending on leisure services... 15th April 2010 · 1 min read
Europe Commercial Property Update German office rents least at risk from excess supply Although the risk from new supply is less than in previous cycles, completions in all the major Western European office markets are likely to push vacancy rates up this year. This will keep rental... 14th April 2010 · 1 min read
UK Commercial Property Update Will Irish bank rescue plan derail commercial property recovery? With Irish investors having been such big players during the most recent commercial property boom across Europe, there are now concerns (highlighted, for example, in a recent Property Week) that the... 13th April 2010 · 1 min read
Europe Commercial Property Update Will Irish bank rescue plan derail commercial property recovery? With Irish investors having been such big players during the most recent commercial property boom across Europe, there are now concerns (highlighted, for example, in a recent Property Week) that the... 13th April 2010 · 1 min read
Europe Commercial Property Update Fall in euro-zone retail sales highlights the challenges facing retailers February’s 0.6% monthly fall in euro-zone retail sales volumes suggests that occupier demand for retail space is still weak in the single currency region. And given that the occupier market outlook... 8th April 2010 · 1 min read
Europe Commercial Property Update Will the rise in Turkish consumer spending boost retail rents? The fact that Turkish household consumption growth turned positive in Q4 is encouraging news for retailer occupier demand. But it needs to be set against the substantial increase in supply expected... 7th April 2010 · 1 min read
UK Commercial Property Focus Will the retail sector again outperform following recession? Over the next three years, retail property is set to deliver average real capital gains of around 1% per year (roughly 3% nominal), lower than the figures of around 3% (5% nominal) in the industrial... 7th April 2010 · 1 min read
UK Commercial Property Data Response CIPS/Markit construction PMI (March) Commercial construction sector activity expanded for the first time in over two years in March. On the face of it, that suggests that developer confidence in the wider economic and rental value... 6th April 2010 · 1 min read
