Nordic & Swiss Chart Pack Falling inflation won’t stop Norges Bank rate hikes Rising global price pressures have pushed inflation up in Switzerland and Sweden this year, but their central banks look set to leave policy on hold. In contrast, inflation in Norway has been falling... 9th June 2021 · 5 mins read
Europe Commercial Property Valuation Monitor Rise in bond yields weighs on property valuations The marked rise in government bond yields drove a deterioration in property valuations in Q1, particularly in industrial markets where property yields also fell steeply. And with government bond... 2nd June 2021 · 6 mins read
Non-Euro Europe Commercial Property Chart Pack Scandinavia & Switzerland: Upside risk to industrials Capital value growth improved in Scandinavia and Switzerland in Q1, helped by the easing of virus restrictions and by the improvement in economic activity towards the end of the quarter. The uptick in... 28th May 2021 · 6 mins read
Nordic & Swiss Economics Weekly Denmark nears normality, but the pigs are porkier The Danish economy made a weak start to the year, but the fact that the economy has now almost fully re-opened means that output is likely to come roaring back in the second quarter. The KOF Economic... 21st May 2021 · 4 mins read
Europe Commercial Property Chart Pack Competition for industrial assets bids down yields With the faster pace of vaccination paving the way for a rebound in economic activity, the prospects for occupier markets have improved. However, structural changes mean that the recovery in the... 20th May 2021 · 9 mins read
Europe Economics Update Slow start to jab rollout may come back to bite Europe While the vaccine rollout in Europe has finally kicked into gear, the legacy of the slow start means the EU is more exposed than the UK or the US if the Indian variant spreads quickly amongst the... 18th May 2021 · 2 mins read
Europe Economics Focus ECB climate rhetoric to run ahead of action The ECB will make a big splash about climate change when it concludes its monetary strategy review this autumn. In practice, it is likely to make progress in addressing climate-related risks in the... 18th May 2021 · 14 mins read
Nordic & Swiss Economics Weekly A lexical examination of the Riksbank’s minutes The minutes of the Riksbank’s April meeting illustrate the extent to which the housing market has forced its way on to policymakers’ radar screens. The Bank is clearly of the view that the financial... 14th May 2021 · 4 mins read
Europe Commercial Property Update Flight to quality in Barcelona offices to be short-lived Last year, rents held up better in Barcelona’s CBD, and we expect this trend to continue this year. That said, higher rents in the CBD mean that they are also likely to be hit harder from the shift to... 13th May 2021 · 3 mins read
Nordic & Swiss Data Response Norway GDP (Q1 2021) The weaker-than-expected 1.0% q/q decrease in Norwegian mainland GDP in Q1 confirmed that the economy slipped behind its Swedish counterpart at the start of the year, and suggests that it is now... 12th May 2021 · 2 mins read
Nordic & Swiss Economics Weekly Higher Sweden forecast, Denmark’s "Hamlet" moment The Swedish economy has proved remarkably resilient at the start of 2021, having surpassed its pre-virus level in March and surveys suggesting that it is powering ahead in Q2. Against this backdrop... 7th May 2021 · 6 mins read
Europe Commercial Property Update Prague industrial rents to keep growing this year Following stronger than expected Q1 data, we have revised up our rental forecast for 2021. And Prague’s low costs and constrained supply means that we think rental growth has further to go this year. 6th May 2021 · 3 mins read
Europe Commercial Property In which cities will WFH have a larger impact? More working from home will inevitably change cities as we know them. However, cities are more than just workers. This means that cities where a higher share of jobs can be done remotely are not... 5th May 2021 · 4 mins read
Europe Economics Weekly ECB will shrug off temporary rise in price pressures Euro-zone business surveys published this week highlighted that many of the region’s manufacturers are struggling with supply shortages and logistical constraints and illustrated that the problem goes... 30th April 2021 · 7 mins read
Europe Commercial Property Update Stockholm prime offices on track to outperform Recent developments add weight to our view that Stockholm office values will rise by more than most other western European markets over the 2021-25 period. However, even in Stockholm, these gains will... 29th April 2021 · 3 mins read
Nordic & Swiss Economics Weekly Swiss President to use his mojo, but not like BoJo After years of inaction, the recent round of Swiss-EU talks on a new bilateral “framework agreement” suggest there is finally some light at the end of the tunnel, which would help remove some economic... 23rd April 2021 · 6 mins read
