Europe Commercial Property Update French commercial property outlook darkens The latest survey evidence suggests that the French recession deepened in the first quarter. For now, while low economic sentiment seems to be dampening growth in French real estate equity prices... 4th April 2013 · 1 min read
Europe Data Response Italian GDP (Q4), French Ind. Prod. & German Trade (Jan.) On balance, the latest batch of hard economic data from the euro-zone’s three largest economies makes fairly grim reading and casts further doubt on the view that the region as whole has begun to grow... 11th March 2013 · 1 min read
Europe Economics Focus French slump to deepen fiscal fears The French economy is set to fall further behind others in the euro-zone as labour market rigidity holds back competitiveness and household spending is hit by fiscal austerity. This might cause France... 4th March 2013 · 1 min read
Europe Economics Weekly Mariodona’s words won’t be enough Mario Draghi halted the rise of the euro last week merely by hinting that the ECB might respond to the currency’s strength. But with other central banks taking action to weaken their currencies, we... 11th February 2013 · 1 min read
Europe Commercial Property Update Surveyors sound alarm bells for French and Dutch rents The generally weak picture of European commercial property occupier markets portrayed by the latest RICS global survey is broadly consistent with our own views on the near-term prospects for rental... 6th February 2013 · 1 min read
Europe Commercial Property Update Could the spread between yields in Paris and Munich reverse sign? Recent data show that the French economy is lagging behind Germany. If we are right that this divergence will grow, the low levels of property yields in Paris relative to Munich look unsustainable... 30th January 2013 · 1 min read
Europe Economics Update Gap between Germany and France to widen Recent economic data suggest that France is lagging further behind Germany. If anything, we suspect that this gap will widen as the year goes on, leading tensions between the two countries to rise. 28th January 2013 · 1 min read
Europe Economic Outlook Euro-zone recession to deepen in 2013 While the lull in the euro-zone debt crisis has continued in recent months, the news on the region’s economy has remained distinctly downbeat. Despite some improvement towards the end of last year... 9th January 2013 · 1 min read
Europe Data Response German Trade/French & Italian Industrial Prod’n (Oct.) October’ trade and industrial production figures for the euro-zone’s largest three economies brought further evidence that the recession in the region will deepen in the fourth quarter and that it has... 10th December 2012 · 1 min read
Europe Economics Focus How the core should respond to a euro break-up Sharp appreciations in the euro-zone’s core countries would threaten to damage their exports and GDP in the event of a euro-zone break-up. But there are various policies that could be implemented to... 29th November 2012 · 1 min read
Europe Commercial Property Update Will core market property yields be immune to the downturn? Outside the peripheral markets, the economic downturn in the euro-zone has yet to have a material impact on commercial property values. Yet if the recession deepens as we anticipate, the next six... 27th November 2012 · 1 min read
Europe Economics Focus How would a euro break-up affect the core? A euro-zone break-up would see the re-instated domestic currencies of the region’s core economies appreciate sharply. Without appropriate policy action, the resulting damage to exports would more than... 20th November 2012 · 1 min read
Europe Economics Update French downgrade highlights troubles in the core The direct effect of the latest downgrade of France should be modest. But it threatens to deepen the political rift between France and Germany, making policies to tackle the euro-zone’s debt crisis... 20th November 2012 · 1 min read
Europe Economics Focus How the core economies managed before the euro The common perception that the euro-zone’s core economies are inherently dependent on exports and would struggle to grow outside the single currency is misplaced. They all achieved pretty strong... 12th November 2012 · 1 min read
Europe Commercial Property Update Is the RICS survey too gloomy about occupier demand in France? Recent data from RICS showing that occupier demand in France has been falling are consistent with figures showing that office and industrial take-up has weakened significantly. The data also look... 9th November 2012 · 1 min read
Europe Economics Update French outlook darkens as consumers cut back Recent falls in French consumer spending are a blow to the economy, which has been heavily reliant on households for growth in the past. With unemployment near a record high, banks cutting back their... 31st October 2012 · 1 min read
