Europe Commercial Property Update How much longer can global hotels outperform? Hotels have seen a considerable turnaround in the past five years given the near-existential threat that the pandemic posed to the sector. Having bottomed last year, we expect values will grow in the... 20th February 2025 · 7 mins read
Europe Economics Update Germany: what to expect on election night and beyond Germany’s next government looks set to cut taxes and, if the parliamentary maths allow, reform the constitutional fiscal rule. It is also likely to be firmer in its support for Ukraine even as support... 20th February 2025 · 7 mins read
Europe Commercial Property Valuation Monitor Europe Commercial Property Valuation Monitor (Q1 2025) Commercial property valuations worsened in Q4 last year as alternative asset yields rose while property yields edged lower, leaving only the prime office sector fairly valued. That said, the falls we... 19th February 2025 · 0 mins read
Emerging Europe Rapid Response US-Russia talks don’t signal near-term end to the war The decision by the US and Russia to “lay the groundwork” to end the war in Ukraine marks a potentially significant turning point after three years of conflict. Negotiations will take time and the... 18th February 2025 · 2 mins read
Europe Economics Update Key questions on Europe’s defence spending European governments are poised to further scale up their plans for defence spending in the coming years which should benefit the equity prices of European defence companies, but the boost to GDP is... 17th February 2025 · 5 mins read
Europe Economics Weekly Europe Weekly: Trump keeps Europe on its toes All eyes were on Washington this week as President Trump rung the bells for the next phase of a trade war with the EU and sidestepped European leaders with a possible Ukraine peace deal. While... 14th February 2025 · 7 mins read
Europe Rapid Response Euro-zone GDP (2nd est.) & Employment (Q4 2024) The euro-zone economy performed a little better than previously though t in Q4, but growth was still extremely weak and the early signs are that it got off to a slow start to 2025. There is also... 14th February 2025 · 2 mins read
Europe Economics Update High demand to spur construction in southern Europe Booming demand for housing has led to huge price rises in southern Europe over the past few years and will support rapid construction growth for some time to come. Moreover, there is little risk of a... 13th February 2025 · 3 mins read
Europe Economics Update Implications of an earlier Ukraine peace deal for Europe President Trump’s push for an early peace agreement in Ukraine raises the prospect of higher defence spending in Europe and increases the chance of a fall in European natural gas prices. But it does... 13th February 2025 · 3 mins read
Europe Rapid Response Euro-zone Industrial Production (December 2024) The fall in euro-zone industrial production in December means that the sector contracted again in Q4. Surveys suggest that production will remain subdued in the coming months and we think that the... 13th February 2025 · 2 mins read
Europe Economics Update Could the EU target US services? Any attempt by the EU to impose tariffs on imports of US services would be controversial and difficult to implement. It is more likely that the EU links regulation and domestic taxation of digital... 12th February 2025 · 3 mins read
UK Commercial Property Update Retail is back, but online will remain a drag into the 2030s Five years ago, the retail sector was staring at the abyss, as lockdowns and virus-related restrictions worsened what was already a crisis in demand. The turnaround since has been dramatic. But while... 12th February 2025 · 5 mins read
Europe Economics Update Lack of labour casts shadow over Greek recovery Prospects for Greece’s economy are brighter than for the core euro-zone economies over the next year or two, but a shortage of labour will keep growth lower than in fellow “peripheral” economies... 12th February 2025 · 4 mins read
Europe Economics Update German election: return of the GroKo? The latest opinion polls suggest that a CDU-SPD coalition is the most likely outcome of the German election. Such a coalition would be less likely to pursue labour market reforms and activist... 11th February 2025 · 3 mins read
Europe Commercial Property Update Euro-zone CRE investment outlook still gloomy After a strong Q4, a shaky start to 2025 has highlighted the fragility of the recovery in euro-zone commercial real estate investment. We still expect transaction volumes to rise over the remainder of... 11th February 2025 · 5 mins read
