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February 2024 European Property Market - Outlook H1 2024
2023 has been an “annus horribilis” for commercial real estate. In fact, the numbers for investment activity across Europe are indeed sobering; activity fell by 51% on average across the market. reaching €133bn, the lowest since 2010. Property values fell by 30% on average across Europe as the cost of debt rose sharply and demand for occupational space fell meaningfully, particularly in the office sector. These challenges may seem daunting but look deeper and there are pockets of opportunities now emerging for investors;
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October 2023 European Property Market - Outlook H2 2023
A prolonged reset in the real estate market is continuing to keep the asset class in flux. After the challenges of the pandemic comes the surge in cost of debt that has precipitated a sharp and broad revaluation in the asset class. These are occurring alongside structural changes in occupier demand in almost all the sectors. These challenges may seem daunting, but look deep and there are pockets of opportunity now emerging for investors.
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February 2023 European Property Market - Outlook H1 2023
There is resemblance of calm after the storm for the European economy and real estate markets. Following significant repricing in 2022, we expect a smaller scale
adjustment in yields this year. Moreover, the relative position of the different sectors remains in flux
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September 2022 European Property Market - Outlook H2 2022
2022 is shaping up to be a transformative year for real estate markets in Europe. It has been a tough few months in macroeconomic terms, with a slowing economy, high inflation and an elevated cost of debt. The age of abundance – cheap money, labour and energy – appears to be over. Meanwhile, monetary conditions are normalizing, leaving behind the ultra-loose rates that were a legacy of the great financial crises, with implications for real estate values. The near term promises : a price correction that will set a base camp for the next cycle.
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August 2021 European Property Market Outlook - H2 2021
2021 is proving to be a year of transition for the European real estate markets. The successful rollout of vaccination programmes across many countries has paved the way for governments to ease restrictions and gradually return economies to some sense of normality. For real estate transactions, this is a relevant development, since the ability to visit a building is an important part of the acquisition process.
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February 2021 European Property Market Outlook - H1 2021
In a period of uncertainty, investors seeking income and safety of capital are likely to turn to real estate. yet, as economies evolve into a post-Covid world, asset selection will require greater discretion to make both those requirements a reality
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February 2021 Europe CRE 360
After a robust recovery in Q3, the economy looks set to slow into the year-end following renewed lockdowns in many European countries. Risks, however, remain predominantly skewed to the downside, as more and more countries have already decided to tighten their restrictive measures against COVID-19 again.
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October 2020 Europe CRE 360
While the global economy entered Q3 2020 with relatively strong momentum, after Q2’s plunge, the most recent indicators point to a flattening out, and so to a significant slowdown in GDP growth in Q4.
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August 2020 European property market outlook
In a period of uncertainty, investors seeking income and safety of capital are likely to turn to real estate. Yet, more than ever, asset selection will require greater discretion to make both those requirements a reality.
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July 2020 COVID-19: a summer like no other
The global economy is now gradually reopening. The leading indicators are positive and suggest that a V-shaped recovery is still on the table.
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June 2020 Covid-19 Report
The initial total lockdown is largely over. Many European countries have relaxed some of the most extreme curbs on activity. We expect further albeit gradual normalisation over the next few weeks, thanks to an improvement of the pandemic.
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May 2020 COVID-19 Report
Following the Codid-19 outbreak which has spread across the world, numerous European countries are ready to ease lockdown restrictions. However, the process for re-opening sectors will be gradual and downside risks to growth outlook are still there. In this unprecedented context, the Pan-European commercial real estate market is slowing down and some trends are already emerging.
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April 2020 COVID-19: the world after the pandemic
Most European countries are past or at the peak of COVID-19 infection and their governments are now looking towards strategies to reactivate their economies. Whilst lockdown measures will be eased, social distancing may still apply, leaving businesses vulnerable. This is likely to mean that governments will maintain very ambitious measures to support their economies.