Non-Euro Europe Commercial Property Outlook Scandi & Swiss: Shallower downturn, but returns to lag Property values fell sharply in Scandinavia and Switzerland last year, but with valuations still stretched and financing set to remain challenging, we think yields will climb higher. And with economic... 4th April 2023 · 19 mins read
Commodities Outlook The energy crisis is over, but prices to stay elevated We expect most commodity prices to drift lower in the near term as advanced economies enter mild recessions and financial market risk aversion persists. A stronger US dollar will also weigh on prices... 31st March 2023 · 41 mins read
Non-Euro Europe Commercial Property Outlook Emerging Europe: Milder downturn, slower recovery Emerging Europe has seen less steep falls in values than elsewhere so far, but will not be immune in 2023. Higher interest rates and economic weakness mean these markets will have a challenging year... 31st March 2023 · 19 mins read
UK Commercial Property Chart Pack Yields stabilise, but banking crisis may slow recovery Yields have stabilised since the start of the year, with the 8bps rise in equivalent yields over January and February much smaller than the 64bps increase over the final two months of 2022. And with... 30th March 2023 · 8 mins read
Capital Daily Surge in CMBS spreads may not have run its course The recent surge in the yield spreads of US BBB-rated commercial mortgage-backed securities (CMBS) over Treasuries underscores the risks to US regional banks from their significant exposure to the... 28th March 2023 · 4 mins read
Europe Commercial Property Outlook Slower yield rises but values to fall further as rents stagnate With valuations still highly stretched and rent growth likely to slow as the region falls into recession, we think capital values will fall further in 2023. While the 4.5% decline forecast at the all... 24th March 2023 · 3 mins read
Event Property Drop-In: What are the risks around commercial real estate? 1680015600 A degree of calm has returned to markets, but investors remain nervous about where the next blow-up could occur – and attention is increasingly focused on commercial real estate. But are the c
Non-Euro Europe Commercial Property Chart Pack Scandinavia & Switzerland: Values fall further The rise in prime property yields accelerated in Q4. Despite gains in all-property rents in most markets, this meant capital values fell across all sectors. Declines were particularly sharp in offices... 24th February 2023 · 5 mins read
Non-Euro Europe Commercial Property Chart Pack Emerging Europe: Rental surge lifts capital values CEE yields continued to rise in Q4, but very strong rental growth prevented all-property capital values from falling for a second successive quarter. This turnaround was driven by retail and... 23rd February 2023 · 5 mins read
Europe Commercial Property Chart Pack Sharpest fall in all-property values on record Capital value falls accelerated in Q4 as euro-zone all-property yields surged higher. And although rents increased in both offices and industrial, the outsized jump in yields meant euro-zone all... 17th February 2023 · 9 mins read
US Commercial Property Update Retail to split as US nears recession Almost three years on from the pandemic, only middle-income households are yet to recover financially. In the face of a looming downturn, we expect this will drive growth for discounters as middle... 10th February 2023 · 3 mins read
Europe Commercial Property Update Hawkish ECB will weigh on euro-zone investment Euro-zone investment contracted sharply in Q4 2022 and we think further interest rate rises will prolong this weakness throughout much of this year. But we expect a recovery in transactions towards... 27th January 2023 · 3 mins read
Europe Commercial Property Update Are we nearing a trough for Scandinavian investment? Near term economic headwinds suggest the slowdown in investment activity in Scandinavia will continue in 2023. However, with policy rates near a peak, and improving economic activity and falling bond... 23rd January 2023 · 3 mins read
Event Property Drop-In: How bad will it get for the UK and euro-zone in 2023? 1673946000 After post-pandemic property rallies hit the skids last year, what will 2023 bring for UK and euro-zone markets?
Non-Euro Europe Commercial Property Outlook Emerging Europe: Retail better placed as yields rise Property yields have risen on the back of higher interest rates and have started to drag materially on values. We expect this to continue in 2023, as valuations are still highly stretched. Given... 14th December 2022 · 2 mins read
