Tag Archives: wednesday
More Chateaux Sales Expected As Tax And Land Prices Increase In France
Wednesday 17 July 2013 by Jane Anson Continue reading
Forecasted Upturn In European Commercial Property Investment
By +Liam Bailey Wednesday 07 August 2013 Based on its latest research, consultancy DTZ is predicting that European commercial property will return an average 8 percent per year for the next five years. The firm predicts that industrial property will lead returns during the period, with an average 9 percent annually on the forecast, retail in second place with 8 percent and offices in 3rd at 7.5 percent. “We expect the Central and Eastern European markets and Dublin to deliver higher returns compared to core markets,” Fergus Hicks, global head of forecasting, said in the firm’s second quarter European Property Forecasts report. “This mainly reflects the fact that yields are currently higher in these markets.” Some will be surprised at Dublin’s place atop the forecast with 15 percent yields forecast across all sectors. However this is to be expected now that the Irish economy is recovering more strongly , although “some yield compression” will also play a part DTZ believes. According to the report European commercial property rents are set for slow growth of 2.5 percent during the 5 year period, with retail rents leading growth at 3 percent, followed by office rents forecast to grow 2 percent and the industrial at 1.5 percent. Recent reports have shown the strength of the European commercial market, with CBRE recently reporting 13 percent growth in investment for the second quarter, with a total of over 31 billion Euros, and according to Cushman and Wakefield deals in the region are at a 5 year high. Continue reading
European Commercial Property Investment Finding Its Legs
By +Liam Bailey Wednesday 24 July 2013 According to new data from CB Richard Ellis investors ploughed 31.1 billion Euros into European commercial property in the second quarter of this year. This is a 13 percent increase on the figure recorded in Q2 2012 and the third consecutive quarter of strengthening activity in the European commercial sector. “This growth in commercial property investment activity comes at a time when other asset classes have been experiencing increased volatility due to concerns over the future of quantitative easing (QE) and further issues surrounding the euro,” Jonathan Hull, head of EMEA capital markets, CBRE said in the release. According to the report some 28.4 billion Euros has been invested in commercial property in still-dominant Germany over the last 12 months, which is up 36 percent compared to the previous 4 quarters. Sweden and Norway remained strong, as they have for several quarters. Unfortunately the same can’t be said for the UK where investment activity decreased 6.5 percent in an annual comparison. Meanwhile Italy, Spain, Portugal and Ireland, which were worst affected by the credit crunch and subsequent Euro crisis continued to show recovery with a combined total of 2.5 billion Euros invested in commercial property during the second quarter. This is an increase from less than 1 billion Euros last year. The CBRE data tallies with that recently released by Cushman and Wakefield which said that European commercial investment has hit a 5 year high . Continue reading
