Non-Euro Europe Commercial Property Outlook Total returns prospects still strong across the region Concerns about higher inflation and potential rises in interest rates have seen bond yields rise in the last few months. Nevertheless, we think the outlook for bond yields and therefore, property... 27th February 2017 · 1 min read
Europe Economics Update Which countries are most exposed to US protectionism? Germany, Belgium and particularly Ireland are the euro-zone members most exposed to US protectionism, while Portugal and the other peripheral euro-zone economies are the least exposed. 8th February 2017 · 1 min read
Europe Chart Pack Surveys and hard data point to Q4 GDP growth pick-up Recent hard data for the euro-zone have generally been encouraging. Despite falling in November, the level of retail sales remains fairly high after a strong rise in October. And while industrial... 9th January 2017 · 1 min read
Global Trade Monitor World trade still weak as Belgium blocks EU-Canada deal Notwithstanding one or two more positive signs, world trade remains in the doldrums. And the fact that the EU-Canada trade agreement may be scuppered by a regional Belgian government does not bode... 25th 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
Europe Economics Update Belgium among most exposed to Brexit fallout A weaker outlook for the external sector on the back of the UK’s Brexit vote will hit Belgium’s open economy harder than most. And with consumers looking poorly placed to take up the slack, the... 26th July 2016 · 1 min read
Europe Commercial Property Update Anaemic Belgian consumer sector suggests further retail weakness Muted economic growth in the next two years will prevent Belgian high streets from seeing much of an improvement in demand for space. As a result, we expect prime retail rental values to rise by only... 24th December 2015 · 1 min read
Europe Economics Update Will Belgium’s tax shift boost growth? Belgium has the highest tax burden on labour in Europe, so measures announced recently aimed at reducing it are a positive step. However, the reforms do not go far enough. Accordingly, over the next... 4th November 2015 · 1 min read
Europe Economics Update Is Belgium resolving its structural problems? Belgium has started to reform its labour market and improve its competitiveness. But this will take time to bear fruit, and further work will be needed. Accordingly, over the next few years we expect... 31st July 2015 · 1 min read
Europe Economics Weekly Weak growth hindering euro-zone’s fiscal progress Greece last week passed the necessary reforms to start negotiations with its creditors on a third bailout. But with the country back in recession, it will struggle to meet the creditors’ fiscal goals... 24th July 2015 · 1 min read
Europe Commercial Property Update The wait for signs of renewed vigour in Brussels offices goes on Subdued economic growth and similarly weak office sector demand have resulted in muted take-up volumes in Brussels. The slow first half of the year means that we have trimmed our rental growth... 14th July 2015 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Feb.) After consolidating their fiscal positions in 2014, the peripheral economies had a mixed start to 2015. Ireland and Italy both fared comparatively well but Portugal and Greece struggled. 3rd March 2015 · 1 min read
Europe Commercial Property Update Can Brussels offices finally stage a rental recovery? Brussels office vacancy has been falling, but this is mostly attributable to the conversion of obsolete stock to residential uses, rather than expansionary activity. And with economic growth in... 10th February 2015 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Jan.) The latest fiscal data suggest that the peripheral economies continued to strengthen their budget positions at the end of last year. But many look set to have missed their 2014 targets and Greece’s... 6th February 2015 · 1 min read
Europe Economic Outlook Crisis 2.0? The onset of deflation in the euro-zone and the recent developments in Greece have served as powerful reminders of the lasting effects of the region’s debt crisis. The ECB will seek to tackle... 20th January 2015 · 1 min read
Europe Commercial Property Outlook Further yield compression to boost capital values Further monetary easing from the ECB is unlikely to be decisive enough to put the euro-zone on a stronger growth trajectory, implying that the outlook for occupier markets is subdued. Nevertheless... 4th December 2014 · 1 min read
