Europe

RICS European Commercial Property Survey

Q4 2009

The RICS Q4 Global Commercial Property Survey suggests that while sentiment in Europe is still quite negative, it is generally more upbeat than in Q3. Within this region, however, capital value expectations and rental expectations are relatively higher in Western Europe than in Eastern Europe.

Looking at rental expectations from a country perspective, Croatia, Scandinavia, Turkey and Spain ranked bottom in the survey (see page 2). The top performers were Ukraine, Switzerland, Austria and Portugal. Bulgaria, the Netherlands and Hungary were the mid-performers. Rental expectations in Germany were slightly above the mid-performing countries, whereas in France, they were slightly below.

In terms of country level capital value expectations, Romania, Bulgaria, Spain and Croatia ranked bottom in the survey (see page 3). The top performers were Ukraine, France, the Czech Republic and Austria. Switzerland, Portugal and Belgium were the mid-performers. Capital value expectations in Germany were slightly below the mid-performing countries.

Author(s): several

Source: RICS

Published: 03.02.2010