Europe Commercial Property Update Early Q4 data show adjustment to higher rates goes on Early prime office yield data for Q4 suggest that the property correction deepened at the end of 2023. The sharp rises in yields occurred despite a more favourable market interest rate environment... 17th January 2024 · 3 mins read
Europe Economics Weekly Austria lockdown casts shadow over rest of euro-zone The “full lockdown” in Austria announced earlier today is a response to the rapid deterioration in the Covid situation there and we estimate that it could knock around 1.5% off the country’s GDP in Q4... 19th November 2021 · 6 mins read
Europe Commercial Property Update Why are prime industrial rental values not taking off? Despite strong demand, we think that high capital values have kept development profitable and have prevented an acceleration in euro-zone prime industrial rental value growth. However, as capital... 15th October 2021 · 3 mins read
Europe Chart Pack Headwinds strengthening Supply shortages and rising energy prices are becoming stronger headwinds to the euro-zone recovery. The latest data from Germany showed sharp falls in industrial orders and production, with... 7th October 2021 · 11 mins read
Europe Commercial Property Outlook Sector fortunes to shift While the Delta variant has slowed economic activity in other parts of the world, this has not yet been the case in the euro-zone, and we are cautiously optimistic that the bloc will continue to grow... 16th September 2021 · 31 mins read
Europe Economic Outlook Strong rebound and temporary rise in inflation The euro-zone is on the way to an almost full recovery. We expect Germany to regain its pre-pandemic level of activity later this year and the tourist-dependent southern countries to do so next year... 16th July 2021 · 33 mins read
Europe Economics Weekly Drop back in bond yields takes pressure off ECB The fall in sovereign bond yields over the past week may make things a little easier for the ECB Governing Council when it meets on 10 th June. We think it is likely to replace its commitment to make... 28th May 2021 · 8 mins read
Europe Data Response France, Spain & Austria GDP (Q4) Tough restrictions imposed in France and Austria last autumn to curb the spread of COVID-19 caused both countries’ GDP to fall in Q4. Spain’s laxer approach meant its economy actually grew. But for... 29th January 2021 · 2 mins read
Europe Commercial Property Update Upward pressure on Vienna office yields still likely Depressed investment activity and a weak rental outlook are set to put upward pressure on office yields. That said, given that prime property values have been slower to adjust than we had initially... 22nd October 2020 · 3 mins read
Europe Data Response French, Spanish & Austrian GDP (Q1) Lockdown measures to contain the coronavirus caused unprecedented quarterly contractions in GDP in France and Spain in Q1. And with the restrictions set to remained unchanged until mid-May and then be... 30th April 2020 · 2 mins read
Europe Economic Outlook ECB to keep pushing on a string We expect economic growth to remain sluggish this year as external demand picks up only slowly and domestic demand softens. Employment growth is slowing, which will cause household incomes and... 21st January 2020 · 30 mins read
Europe Economics Update Eight quick points about the European elections Projections of the results of the European elections confirm that pro-European parties will continue to have a clear majority in the European Parliament (EP) itself, so little will change at EU level... 27th May 2019 · 1 min read
Europe Economic Outlook Missing the global tightening cycle The euro-zone should regain some momentum in the coming months, at least compared to its dire performance at the end of last year. But we think the economy will expand by just 1% in 2019 as a whole... 18th January 2019 · 1 min read
Europe Commercial Property Update Poor outlook for Vienna offices even as rents recover A high volume of completions contributed to the fall in prime office rents in Vienna in the early stages of this year. But as that supply is absorbed, rents should be able to recover again next year... 7th August 2018 · 1 min read
Europe Commercial Property Update Wage differentials support CEE industrial border markets Growing occupier demand for industrial units close to the German and Austrian borders will offset the slower economic growth that we are expecting in the next few years in the CEE markets. This will... 18th July 2018 · 1 min read
Europe Data Response French and Spanish GDP (Q4) & Flash CPI (Apr.) The first estimates of French, Spanish and Austrian GDP in Q1 suggest that quarterly growth in the euro-zone as a whole slowed from Q4’s 0.7% to around 0.4%. Meanwhile, there were no signs of rising... 27th April 2018 · 1 min read
