Europe Commercial Property Outlook Capital values to fall back in 2012 and 2013 We expect the euro-zone to fall back into recession in 2012 and 2013. We have therefore cut our commercial property forecasts to reflect the weaker economic backdrop. Over the next two years, we... 10th November 2011 · 1 min read
Europe Economic Outlook Deepening crisis to prompt widespread recession The euro-zone debt crisis is having a severely damaging impact on the European macro-economy. Not only are the troubled peripheral economies set to remain deep in recession, but growth prospects have... 3rd November 2011 · 1 min read
Europe Commercial Property Focus Office development tax hike adds downside risk to Paris rental outlook This year’s changes to property taxation in Ile de France could result in a larger proportion of the potential office development pipeline being delivered to the market than otherwise might be... 28th October 2011 · 1 min read
Europe Commercial Property Update Risks of fresh declines in French retail rents have increased To date, the strength of demand from international retailers seeking to enter the French retail market has been sufficient to offset softening demand from incumbent brands, in turn helping to support... 13th August 2011 · 1 min read
Europe Data Response Euro-zone Industrial Prod. (Jun.) & French & Greek GDP (Q2) June’s euro-zone industrial production data and Q2’s French GDP figures provide further strong indications that economic growth in the region as a whole slowed sharply in Q2. 13th August 2011 · 1 min read
Europe Economics Update France's problems threaten policymakers' firepower Growing concerns about France’s fiscal position have underlined the breadth of the euro-zone’s debt crisis. While a default seems unlikely at this stage, merely a credit rating downgrade would... 10th August 2011 · 1 min read
Europe Economics Weekly Italy’s debt dynamics worsen Prior to the announcement of the second rescue package for Greece, we noted that anything other than a very decisive response by European policymakers could prompt Italy and Spain to be dragged deeper... 9th 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 Data Response Euro-zone Flash PMIs (Jul.) The sharp fall in the flash euro-zone PMI in July provides further signs that slowing export growth and the debt crisis is starting to take a heavy toll on the region’s economic recovery both in the... 22nd July 2011 · 1 min read
Europe Commercial Property Update Have the downside risks to the French retail market increased? Signs that French consumer spending has fallen sharply over the past couple of months might make our forecast for retail rental values to track sideways this year look too optimistic. Yet, in the... 18th June 2011 · 1 min read
Europe Commercial Property Update Do the harmonised falls in property yields in Paris and Lyon make sense? On first glance, it is striking that falls in property yields in Lyon have more or less matched those in Paris. However, with broadly similar prospects for rental value growth, at least for the retail... 2nd December 2010 · 1 min read
Europe Commercial Property Update Is Paris' office rental recovery running out of steam? We suspect that Q3’s halt to Paris’ prime office rental recovery is a temporary blip on a generally upward trend. Indeed, although service sector sentiment has remained broadly flat for the past few... 21st October 2010 · 1 min read
Europe Economics Update The implications of the French strike The French strike will probably have a smaller immediate effect on economic activity than the press might have you believe. However, it is the clearest sign yet that the euro-zone’s second largest... 13th October 2010 · 1 min read
Europe Data Response German Industrial Production & French Trade (Aug.) The latest German industrial and French trade data suggest that, despite ongoing fears about the region’s periphery, the immediate risk of a “double dip” recession in the euro-zone as a whole is small... 7th October 2010 · 1 min read
Europe Economics Update France and Portugal struggle to apply fiscal squeeze Recent developments in France and Portugal confirm that both are struggling to implement measures to ensure a sustained reduction in public borrowing. But market pressures will force Portugal to act... 30th September 2010 · 1 min read
