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.