The Property Perspective report presents an analysis of the investment and occupier market over the first half of 2018 in the office, retail, logistics, residential and hotel sectors; and highlights the 2018 forecasts:
The property market continues to attract a relevant amount of capital. In the first half of 2018 investment turnover achieved €1.4 billion, the highest value ever recorded in a semester. Prime yields are stabilizing but capital values are expected to increase further driven by rental growth.
The occupancy of office spaces remained active throughout the semester. Flexible space operators are expanding and represented 13% of total take-up. The shortage of spaces is very high and is pressuring rental growth. The prime rent at CBD1 increased 8% y-o-y.
The development of new and larger residential projects has finally started and is expected to drive domestic sales growth and a slowdown in price upsurge.