Europe Commercial Property Update Are Amsterdam office rents getting too high? As the balance of supply and demand in Amsterdam offices shifts yet further in favour of landlords, we expect the vacancy rate to fall to around 4.5% and prime rents to climb to €450/sqm/yr by the end... 19th April 2018 · 1 min read
Europe Commercial Property Update Five more years of pain for Warsaw office rents Demand for office space in Warsaw will continue to grow in the coming years, but this will not be enough to offset around 1m sqm of new stock completing over that same period. In fact, rental value... 13th April 2018 · 1 min read
UK Commercial Property Update Have regional office yields found a floor? According to MSCI, office yields in the Rest of UK office markets have fallen far more sharply over the past year than in the Rest of South East. That has returned the yield spread between the two... 5th April 2018 · 1 min read
UK Commercial Property Data Response Employment (Jan.) Today’s jobs data highlight that tentative signs of a moderation in property investment market activity are not being reflected in, or driven by, occupier fundamentals. If anything, labour shortages... 21st March 2018 · 1 min read
China Economics Update Pain ahead for property developers China’s property sector has had a good couple of years and this has resulted in higher valuations for listed real estate developers. But the recent strength of land sales points, we think, to... 2nd March 2018 · 1 min read
UK Commercial Property Data Response IPF Consensus Forecasts The IPF consensus has pushed up its forecast for all-property total returns this year, reflecting a less pessimistic outlook for rental growth. But in 2019 and 2020 a gradual upward drift in yields is... 23rd February 2018 · 1 min read
Europe Commercial Property Update Will Berlin’s construction boom topple rental values? Strong occupier demand and higher rents have helped to lift Berlin’s office development pipeline. On its own, the current level of construction is likely to result in a sharp slowdown in rental growth... 22nd February 2018 · 1 min read
UK Commercial Property Update Are Rest of UK office rents pulling their weight? The subdued performance of office rents in Scotland, the West Midlands, and the North East is weighing on the Rest of UK aggregate. Yet, these regions aside, there is clear evidence that the recovery... 16th February 2018 · 1 min read
UK Commercial Property Data Response Commercial property investment (Jan.) While January’s £5bn total was particularly strong for the time of year, it is unlikely to mark the start of a renewed upward trend. Highlighting the lack of liquidity in the market, much of the... 13th February 2018 · 1 min read
Europe Commercial Property Chart Pack Diverging fortunes for rental growth Investment activity across the euro-zone reached a new record in 2017. However, fourth quarter activity fell in annual terms for the first time since the financial crisis. Investor appetite for retail... 9th February 2018 · 1 min read
Non-Euro Europe Commercial Property Chart Pack Yield falls not derailed by the slowdown in investment Solid economic growth in both Western and Emerging Europe appears to have continued into Q4. This kept expansionary activity amongst occupiers at strong levels. This, in turn, has driven vacancy rates... 9th February 2018 · 1 min read
UK Commercial Property Outlook Property will hold on to recent gains in 2018 The upswing in commercial property capital values is approaching its end. But unlike past cycles, capital values are more likely to plateau than to fall materially over the forecast horizon, at least... 9th February 2018 · 1 min read
Europe Commercial Property Update Calling time on the recovery in Dublin office rents The last five years have seen prime office rents in Dublin fully recover from their post-crisis lows. But we now think that a lower natural rate of vacancy and growing pipeline will see rents start to... 6th February 2018 · 1 min read
Europe Commercial Property Update Barcelona office rents defy political uncertainty The political crisis in Catalonia has not prevented prime office rents in Barcelona from rising in Q4. We see prime rents rising again in both Barcelona and Madrid this year and next, though the... 1st February 2018 · 1 min read
UK Housing Market Focus Will property wilt in 2018? The price gains of recent years have left housing looking expensive and commercial property looking fully-valued. The good news is that interest rate rises on the scale that we anticipate are unlikely... 31st January 2018 · 1 min read
UK Commercial Property Chart Pack Investment activity closes 2017 up by 9% Investor demand seems to be holding up well. However, we suspect that counter veiling forces on the economy, pricing, and sentiment will mean that investment marks time in 2018. As such, and with... 31st January 2018 · 1 min read
