The correction in the property market is spreading across Europe. That is one of the key conclusions of the latest European quarterly survey of key indicators for the European property markets from property adviser King Sturge.
The correction in the property market is spreading across Europe. That is one of the key conclusions of the latest European quarterly survey of key indicators for the European property markets from property adviser King Sturge.
The report includes a survey of rents and yields on the office and industrial markets for 22 key locations in Europe, together with outlook and analysis.
Key conclusions are that prime office rents have been falling since mid-2008 and that industrial rents are becoming increasingly weak.
Further drops are expected in 2009 and 2010, the report predicted, adding that prime yields will continue to move out as market correction spreads across Europe.
* The June edition of Property EU Magazine features a survey of the devaluation to date of the investment property held by the largest listed real estate companies in Europe.
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