Spotlight: European Office Value Analysis – Q3 2024
Tide is turning for European office investment as debt becomes accretive to returns
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Tide is turning for European office investment as debt becomes accretive to returns
Read nowMany companies try to encourage employees to return to the office by investing in the improvement of the space available to them
Read now"More confidence but limited activity in the residential development land market"
"Flight to quality continues to drive the market, with H1 2024 take-up back in line with the five-year average"
"The market seems to be bottoming out in terms of activity levels and pricing. European real estate investment volumes are estimated to reach approximately €44.5bn in Q2 2024, an 18% increase from the previous quarter. The investment volume for the year's first half is likely to exceed €74bn, roughly in line with H1 2023."
"Yield compression re-emerged in June but, as of yet, has not translated into increased transactional activity across the board. This may change in H2 considering improving corporate confidence and a stronger economic backdrop"
"Supply falls from peak of 6.56m sq ft in recent months as deals complete"
"Speculative completions and growth in second-hand space increase supply by 26%, yet BTS transactions rise 108% on levels seen in H1 2023"
"The region is well positioned for future rental growth, with just 1.16 years’ worth of supply available based on the five-year annual average take-up"
"Is the stage set for investment volumes to trend upwards?"
"Political stability and falling base rates to the rescue?"