UK Commercial Property Update Is the slowdown in investment as dramatic as it seems? Last year’s huge surge in investment activity outside the traditional property sectors has not been replicated this year. But even adjusting for this, we have observed a substantial slowdown in... 14th June 2016 · 1 min read
Europe Commercial Property Update Retail rental growth to cool in Italy Retail rents in Milan and Rome rose sharply last year. But a slowdown in the Italian economy and consumer spending growth over the coming years will mean that rental growth now eases back. 10th June 2016 · 1 min read
Europe Commercial Property Outlook Capital value growth set to slow Even with already low commercial property yields, the low interest rate environment means that commercial property will remain attractive for investors. We expect further yield declines to drive... 7th June 2016 · 1 min read
Non-Euro Europe Commercial Property Outlook Prime yields still some way from their floor In the absence of particularly enticing prospects for alternative asset classes, demand for prime commercial property will be strong for at least the next two to three years. This has meant that we... 7th June 2016 · 1 min read
Europe Commercial Property Update Further scope for German office values to rise Office values in Germany’s four main cities have risen sharply in recent years. But a strong occupier market suggests that valuations aren’t excessively stretched. Furthermore, with a positive outlook... 26th May 2016 · 1 min read
UK Commercial Property Update Staying in the EU would not guarantee a spike in investment deals The consensus within the property sector is that, in the event of a vote to remain within the EU, investment demand and activity would rise significantly in the second half of 2016. However, we think... 26th May 2016 · 1 min read
UK Commercial Property Chart Pack Rental and capital value growth moderate The moderation in capital value growth is likely to continue given that investment activity is subdued, and yield compression and rental value growth are both slowing. However, without a drastic... 25th May 2016 · 1 min read
Europe Commercial Property Update Have Dublin office yields fallen too far? The decline in prime Dublin office yields towards pre-crisis levels raises the question of whether they have again fallen too far? But with a positive rental growth outlook and risk-free rates at... 24th May 2016 · 1 min read
Non-Euro Europe Commercial Property Chart Pack Economic uncertainty slows yield falls and rental growth The start to the year has seen a slight easing of economic growth in much of the region, in part due to a rise in uncertainty. This caused investment activity to fall back significantly and rental... 20th May 2016 · 1 min read
Europe Commercial Property Chart Pack Marked slowdown in capital value growth With all-property rental values rising by a little under 0.5% q/q in Q1, it was further yield compression that once again drove capital value growth. But with yields declining by just 5bps, capital... 20th May 2016 · 1 min read
Europe Commercial Property Valuation Monitor Falling property yields draw closer to fair value Property yields ticked down marginally in Q1, but are now 80bps below their 10-year average. Changes in alternative asset pricing – with bond yields falling and dividend yields rising – mean that... 16th May 2016 · 1 min read
Europe Commercial Property Update Limited further upside for Swiss office values Lacklustre economic growth this year and next due to the strength of the Swiss franc is likely to drag Swiss office rents down further. But with negative bond yields and interest rates, this is... 12th May 2016 · 1 min read
UK Commercial Property Update London construction: risk or vote of confidence? London’s active office development pipeline has returned to past peaks, leaving the market vulnerable to an economic downturn. But so close to the EU referendum, we think that it is a sign that... 11th May 2016 · 1 min read
Europe Commercial Property Update Denmark and Sweden industrial rents set to outgrow Norway Norwegian manufacturing sector activity has slowed due to the drop in the oil price, whereas in Denmark and Sweden, output continues to grow steadily. Across the 2016-19 period, this will support... 6th May 2016 · 1 min read
Europe Commercial Property Update Investor outlook remains upbeat, despite fall in Q1 activity Investment activity across Europe declined in Q1. However, we don’t think that this is a sign of things to come this year. Indeed, investor sentiment remains upbeat, while strong capital flows are... 3rd May 2016 · 1 min read
Europe Commercial Property Update Positive capital markets drivers will support further yield falls A solid debt market and a high volume of capital chasing commercial property will keep bidding on prime assets competitive. Coupled with improving prospects for rental growth, we believe that this... 29th April 2016 · 1 min read
