Europe Data Response Euro-zone Flash CPI & Unemployment (Oct./Sep.) The latest euro-zone inflation and unemployment data might leave the hawks at the ECB still concerned about underlying price pressures. 31st October 2011 · 1 min read
Europe Commercial Property Update Stability of Spanish office capital values won’t last much longer The stability of Spanish office capital values over the past two years does not preclude a second leg to the downturn. If anything, the prospects for office occupier demand and rental values have... 21st October 2011 · 1 min read
Europe Commercial Property Update Spanish industrial rental downturn has further to run July’s fall in Spanish industrial production extended the recent run of disappointing manufacturing data. The deteriorating outlook for occupier demand suggests that take-up levels will remain at very... 9th September 2011 · 1 min read
Europe Data Response Spanish GDP (Final, Q2) The final GDP figures from Spain confirmed that its recovery remained sluggish in Q2 and did nothing to alter our view that the economy may tip back into recession before too long. 27th August 2011 · 1 min read
Europe Economics Update ECB purchases may have little lasting impact The ECB’s purchases of Italian and Spanish Government bonds have drawn a very positive initial response in the markets. But there are some good reasons to doubt that it will be sustained. 9th August 2011 · 1 min read
Europe Data Response Italian & Spanish GDP (Q2) & German Industrial Prod. (Jun.) The latest activity data from the euro-zone support our view that the recovery in the region as a whole is slowing sharply and cast further doubt on whether the likes of Italy and Spain can meet their... 6th August 2011 · 1 min read
Europe Commercial Property Outlook Europe’s fiscal crisis will dent the occupier market recovery The weakening economic outlook for the euro-zone economy is likely to act as a brake on the recovery in commercial property markets over the next year or two. Rental value growth will moderate in most... 5th August 2011 · 1 min read
Europe Economic Outlook Crisis deepens as slowdown spreads to the core The latest rescue package for Greece has reduced the threat of a near-term catastrophe in the eurozone.But it does not address the fundamental problems facing Greece itself and is unlikely to bring an... 27th July 2011 · 1 min read
Europe Economics Update Last chance saloon for euro-zone policymakers? This week’s crucial summit could provide the last chance for euro-zone policymakers to get a grip on the region’s debt crisis. Anything other than a very decisive response which could be applied not... 20th July 2011 · 1 min read
Europe Economics Update The beginning of the end for the euro? The continued failure of European policymakers to agree on a new package to support Greece and the growing signs that larger economies like Spain and Italy are being dragged further into the crisis... 13th July 2011 · 1 min read
Europe Economics Update How far is Spain from a tipping point? Recent developments suggest that Spain may have started to recouple with the likes of Greece, Ireland and Portugal. Over the coming months, Spain is likely to face a number of tricky hurdles and could... 14th June 2011 · 1 min read
Europe Commercial Property Update Spanish commercial property investment market not out of the woods The Q1 2011 RICS distressed property monitor points to the largest rises in the number of distressed properties coming onto the market in Q2 in Spain and Ireland. Investment demand in Ireland will not... 6th June 2011 · 1 min read
Europe Economics Update Spain: are cracks starting to show? For now, markets continue to give Spain the benefit of the doubt. But with signs that its modest economic recovery will soon lose momentum and increasing concerns that the regional governments will... 18th May 2011 · 1 min read
Europe Data Response Spanish GDP (Bank of Spain Estimate, Q1) Initial estimates of Spanish GDP growth in Q1 suggest that the economy continued to expand at the start of this year, but only just. There remains a risk of a “double dip”, which could prompt Spain to... 6th May 2011 · 1 min read
Europe Commercial Property Update Have Spanish office rents reached a floor? Preliminary agency data shows that office rental values in Madrid and Barcelona fell further in the first three months of the year. It is tempting to conclude that having dropped by almost a third... 14th April 2011 · 1 min read
Europe Economics Focus Can Spain stay out of the crisis? Worries that the euro-zone debt crisis will enter a more dangerous phase by spreading from the smaller peripheral economies to Spain have recently diminished. But we think that it would be premature... 12th April 2011 · 1 min read
