UK Commercial Property Update What is driving overseas demand for UK property? The widely held view that the drop in the pound is the primary factor propping up demand for UK property among overseas buyers is not wrong – but it is too simplistic. The fall in sterling will have... 21st October 2016 · 1 min read
UK Commercial Property Data Response RICS Construction Market Survey (Q3) According to today’s RICS construction survey, both current and expected activity improved on the second quarter’s poor showing. But with the industrial and private commercial balances both below the... 20th October 2016 · 1 min read
Europe Commercial Property Update Investment in mainland Europe running at nine-year high The first European investment data for Q3 show that volumes were down sharply compared to the same quarter a year ago. But that was driven by subdued activity in the UK which, being one of the most... 18th October 2016 · 1 min read
UK Commercial Property Update Is falling floor space per worker always a risk to availability? If permanent, the trend towards higher density occupation in London’s office market points to an increased risk of oversupply arising from new construction. Yet at the same time, that trend should... 14th October 2016 · 1 min read
Europe Commercial Property Update Is investor confidence in Madrid offices misplaced? A sharp decline in prime Madrid office yields has fully closed the spread over Milan for just the third time since 1991. With a stronger economic outlook, we think investors will continue to favour... 13th October 2016 · 1 min read
Europe Commercial Property Update Oslo retail rents to lift higher, despite slow economic growth The Norwegian consumer sector has been resilient in the face of the most recent economic slowdown. Additionally, retail sales in Oslo have outperformed the national average and will support strong... 12th October 2016 · 1 min read
UK Commercial Property Data Response Commercial property investment (Sep. 16) Investment activity rose markedly in September, driven in large part by overseas investors taking advantage of the lower exchange rate. Yet, while this gives weight to our view that the trough for... 11th October 2016 · 1 min read
Europe Commercial Property Update Softer employment growth to weigh on Dublin office demand Uncertainty ahead of the UK’s vote to leave the EU is likely to explain, at least in part, the easing of office take-up in Dublin in H1. But with an expected slowdown in job creation likely to dampen... 7th October 2016 · 1 min read
Europe Commercial Property Update Are Prague offices at a turning point? The current sweet spot for Prague office occupier demand isn’t likely to last for long. Next year will see vast levels of new completions alongside a slowdown in demand growth. Nevertheless, we expect... 6th October 2016 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Sep. 16) September’s construction PMI surpassed market expectations. That said, the bulk of the improvement came from the civil engineering and housing segments, while activity in the commercial sector only... 4th October 2016 · 1 min read
Europe Commercial Property Update Warsaw retail rents enjoying a purple patch A solid and strengthening outlook for the Polish consumer sector will keep demand for prime retail units buoyant over the next couple of years. This will enable prime retail rents in Warsaw to grow by... 3rd October 2016 · 1 min read
Europe Commercial Property Update Large Brussels pipeline to allow Antwerp retail rents to get ahead A subdued outlook for consumption and a large pipeline of new retail developments will mean that rental values in Brussels stagnate next year. But for the first time in at least 15 years, limited new... 30th September 2016 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Aug 16.) At minus £325m in August, the fall in net lending to the property sector onlyreversed a small part of the previous three months’ gains. And with the initial fears that the out-vote would lead to a... 29th September 2016 · 1 min read
Europe Commercial Property Update Turkish downgrade highlights deteriorating investor outlook The decision by Moody’s to downgrade Turkey’s credit rating to non-investment grade comes at a time when investment in Turkish commercial property is struggling. Given a worsening economic and... 29th September 2016 · 1 min read
UK Commercial Property Update How big are the risks for Edinburgh and Glasgow offices? With employment growth set to slow, the rental outlook in the main Scottish office markets is muted. Encouragingly, however, office property pricing in Edinburgh and Glasgow is considerably less... 28th September 2016 · 1 min read
Europe Commercial Property Update Rebound in Vienna office rents set to continue After dipping in the second half of 2015, prime office rents in Vienna rebounded over the first six months of this year. With a tight supply side and relatively good employment growth prospects, we... 26th September 2016 · 1 min read
