Europe Commercial Property Focus Where will European industrial rental values fare best? Over the next two years, we think that the three European countries with the strongest outlook for industrial rental value growth are Poland, France and Switzerland. By contrast, taking into account... 6th April 2010 · 1 min read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q1 2010) The latest Bank of England Credit Conditions Survey suggested that the availability of credit in both the housing and commercial property markets will continue to rise. However, any increases are... 1st April 2010 · 1 min read
Europe Commercial Property Update Greek and Portuguese rental forecasts downgraded We have cut our forecasts for rental value growth in Greece and Portugal over the next two years by around 6% and 4% respectively. The cuts reflect downgrades to our GDP growth forecasts. Our rental... 1st April 2010 · 1 min read
Europe Commercial Property Update German labour market could weaken but offices will be unscathed While March’s fall in German unemployment was welcome news, we suspect that renewed rises lie ahead this year as ‘kurzarbeit’ subsidies begin to expire for many workers. However, given that most of... 31st March 2010 · 1 min read
UK Commercial Property Data Response Colliers CRE/Real Estate Capital Investor Pricing Survey The latest Colliers CRE/Real Estate Capital survey suggested that demand for secondary property recovered alongside prime in the early stages of the year. That may reflect higher risk appetite. But an... 30th March 2010 · 1 min read
UK Commercial Property Update Further support for a more optimistic office rental outlook The tone of today’s CBI/PwC Financial Services Survey was generally subdued, although an improvement in expectations about future business volumes points to a continued slowdown in the rate of decline... 29th March 2010 · 1 min read
UK Commercial Property Data Response Institutional investment in property (Q4 09) National Statistics’ measure of net institutional property investment was back in the black in Q4, consistent with the figures already to hand from Propertydata.com. Looking ahead, the strong inflows... 26th March 2010 · 1 min read
Europe Commercial Property Update French office occupier market recovery not yet set in stone March’s fall in service sector sentiment in France suggests that 2009Q4’s sharp rise in take-up is unlikely to be repeated in 2010Q1. Moreover, with underlying demand also still relatively weak, even... 26th March 2010 · 1 min read
Europe Commercial Property Update What does Portugal’s credit downgrade mean for commercial property? Along with GDP growth turning negative again in Q4, yesterday’s downgrade of Portugal’s credit rating can be nothing but bad news for commercial property. Even before the downgrade, our analysis... 25th March 2010 · 1 min read
Europe Commercial Property Update Equity markets suggest that capital values will rise this year The recovery in real estate equity prices suggests that capital values in the largest European commercial property markets will rise this year. Indeed, if anything, the risks to our forecasts seem to... 24th March 2010 · 1 min read
UK Commercial Property Chart Pack Investment market rebound resumes; yields set to fall further (Apr 10) The outlook for the real economy remains subdued. Although consumer spending grew in Q4 2009, high household debt levels and the weak labour market point to very little scope for further strong gains... 23rd March 2010 · 1 min read
Europe Commercial Property Update Has the Netherlands office market avoided a severe rental recession? Although Dutch office rental values have held up well to date, with low occupier confidence and a high volume of completions expected this year, we think the rental value correction has a little... 18th March 2010 · 1 min read
Europe Commercial Property Update Have rental growth prospects in Russia improved? At the margin, last week’s upward revision to our forecasts for Russian GDP growth will boost occupier demand for commercial property. However, we still expect the pace of recovery to fade next year... 17th March 2010 · 1 min read
UK Commercial Property Update Retail outperformance is narrowly based The retail sector again recorded the largest rise in capital values in February. However, the recent outperformance of the retail sector has been driven almost exclusively by retail warehouses. To us... 16th March 2010 · 1 min read
UK Commercial Property Update Does the fall in speculative industrial development matter? At the margin, the continued fall in the speculative industrial development pipeline can only be a support for medium-term rental value growth prospects in this sector. However, we still suspect that... 12th March 2010 · 1 min read
Europe Commercial Property Update Have Turkish property yields peaked? Their recent stabilisation suggests that the correction in Turkish property yields may now be over. With a relatively healthy outlook for the economy, and signs already emerging that rental values are... 11th March 2010 · 1 min read
