Europe Commercial Property Update Is it too late to stock up on Stockholm offices? Solid but slowing rates of employment growth in Sweden will provide continued impetus for Stockholm office rents. This will keep Stockholm towards the top of the pack in our total return rankings for... 2nd November 2017 · 1 min read
Europe Commercial Property Update France investment activity trending lower French investment activity appears to have peaked and prime yield falls have slowed markedly. Whilst it’s likely to be true that this reflects a lack of large, prime stock, we expect 2016 to have... 26th October 2017 · 1 min read
Europe Commercial Property Update Could a soft housing market slow Oslo retail rents? The improving economic environment in Norway, coupled with strong urban population growth, as well as low inflation and interest rates, will support real retail rental growth in Oslo high streets in... 16th October 2017 · 1 min read
Europe Commercial Property Update Are Zurich office rents on the cusp of a revival? Economic and survey data suggest that prime office rents in Zurich may have finally found a floor. But with new developments and refurbishments equivalent to around 5% of current stock due to complete... 12th October 2017 · 1 min read
UK Commercial Property Data Response Commercial property investment (Sep.) Investment activity in September fell compared to August. However, not only did the £3.7bn total comfortably surpass the average figure for September in the previous 14 years, but it also brought the... 11th October 2017 · 1 min read
Europe Commercial Property Update Strong returns in prospect for Moscow offices The Moscow office market is showing signs of greater balance. With the potential for rental growth, and further falls in prime yields, several years of double-digit total returns could be on the cards... 6th October 2017 · 1 min read
Europe Commercial Property Update No value left in Budapest prime high streets Prime retail property in Budapest was undervalued as little as a year ago. However, with yields having fallen substantially in the last 12 months, there is no value left and we see little upside to... 5th October 2017 · 1 min read
Europe Commercial Property Update Should we be more optimistic on German retail? Already upbeat German consumers are likely to benefit from tax cuts ahead. But with prime rental growth seemingly held back by structural factors, total returns are likely to be poor over the 2018-21... 27th September 2017 · 1 min read
Europe Commercial Property Update Can Dublin industrial returns continue to outperform? Rental growth has been the driver of total returns in Dublin commercial property. But with the largest rental increases behind us, yield shifts will now play a greater role. Given the likelihood of... 22nd September 2017 · 1 min read
UK Commercial Property Update Will investors continue to shun retail property? In contrast to the office and industrial sectors, retail investment activity has continued to contract. This seems consistent with a soft retail rental outlook which seems unlikely to change quickly... 19th September 2017 · 1 min read
Europe Commercial Property Update Where next for Italian industrial rents? A surge in occupier demand has boosted industrial rents in Milan and Rome. But while there is scope for rents to move higher, we don’t think that the current pace of growth will be sustained. 14th September 2017 · 1 min read
UK Commercial Property Update What’s going on with West End office rents? On past form, the latest agency data suggest that IPD office rental values are on the cusp of a fall of at least 10%. However, such an outcome is best treated as a downside risk as the fall in prime... 11th September 2017 · 1 min read
UK Commercial Property Data Response Commercial property investment (Jul.) Commercial property activity fell in both value and number terms in July. Yet this drop was not particularly alarming given the seasonality in the data. But most importantly, there is little... 14th August 2017 · 1 min read
Europe Commercial Property Update Vienna retail rents could fall further in real terms Competition from prime shopping centres and questions about affordability mean that prime high street rents in Vienna will struggle to keep pace with inflation over the coming years, leading to... 9th August 2017 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Jun.) The national rate of annual house price inflation rose to 14.2% in June, from 13.9%, driven almost exclusively by a further acceleration in Toronto. But the worsening slump in home sales and higher... 12th July 2017 · 1 min read
Europe Commercial Property Update Investors cautious about secondary retail assets in Spain The yield spread between prime and secondary Spanish retail property has widened recently. With a slowdown in consumer spending on the cards, a cautious approach to secondary assets makes sense. 5th July 2017 · 1 min read
