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The occupier market is in the doldrums and “the present situation is clearly exceptional in its gravity and we can only hope that the market will get back on its feet in the next 6 to 9 months” (Pierre Badot, DTZ Director). Take-up during the first half of the year reached its lowest point of the decade and was equivalent to the level of activity reached in an average quarter! As a result,...

Global Downturn Pushing Premier Retail Rents Lower After a string of upward moves, premier streetfront rents in almost every region of the world moved decidedly lower during the past 12 months. As the global recession reduced demand for some of the world’s most prime real estate, rents came down by double digits and in some cases by half in many markets. Some of the declines were...

DTZ -conseillé immobilier- vient de finaliser une nouvelle étude consacrée aux ambassades, aux représentations diplomatiques et aux lobbies à Bruxelles. En préambule de cette étude, DTZ se livre à une comparaison entre Bruxelles, et une autre ville au profil similaire : Washington D.C. Emeric Inghels, Research Manager chez DTZ explique : « Si effectivement, Bruxelles est r...

DTZ -international real estate advisor- has published a new study on embassies, diplomatic representations and lobbies in Brussels. DTZ Research makes a comparative analysis of Brussels and Washington D.C., two cities with the same profile. According to Emeric Inghels, Research Manager at DTZ: “Brussels is sometimes called ‘The European Washington”. In our study we used figures to...

Cette sixième édition de l’étude Fonds immobiliers français dresse le paysage statistique des véhicules d’investissement immobilier indirect que sont les SCPI, les Sociétés immobilières cotées et les OPCVM immobiliers. Les statistiques de l’IEIF (complétées, pour les OPCVM immobiliers, par EuroPerformance – groupe Fininfo) permettent d’analyser la capitalisation,...

Poursuite de la baisse de l’immobilier privé et augmentation du prix des immeubles locatifs. Placements immobiliers directs en Suisse en 2008 - comparaison des performances - chiffres-clés - comparaison des villes Evolution des prix des immeubles d’habitation La baisse des prix de l’immobilier privé amorcée fin 2008 persiste au 1er trimestre 2009: les...

The United States desperately needs a 21st-century national infrastructure plan to emerge from its deep recession and ensure future prosperity, according to Infrastructure 2009: A Pivot Point, a new publication released today by the Urban Land Institute and Ernst & Young. “The ongoing economic crisis has pushed the nation to a pivot point—either the country can risk...

Across the Baltics, vacancy is on its way up, rents are driving downwards; demand is limited and new supply is being shelved due to weak markets and non-existent availability of credit finance. Property market is in a "free-fall" and its status is changing on a daily basis. Once a predominantly landlord-oriented markets in the Baltics have now been replaced by a tenant market, forcing...

Amid fears of a long global economic downturn, office occupancy costs are expected to decline globally in 2009, led by further contraction in occupier demand, said DTZ in its latest research on global occupancy costs, published today. In the 12th edition of its Global Occupancy Cost - Offices reserach report, DTZ predicts that although several of the largest North American business...

The 2009 edition of The Wealth Report, the third such collaboration between Knight Frank and Citi Private Bank, indicates that luxury house prices have fallen around the world, but super-rich appetite for property remains undimmed. Key highlights: * The latest results from the Knight Frank Prime International Residential Index (PIRI) show that just under 50% of the locations...

The international economic and financial situation also influenced the investment market in Romania in the second part of 2008. If in the first two quarters the investments volume had been 7% lower compared to the similar period of the previous year, by the end of the year the gap got larger and larger up to 64%, taking into account that two transactions were closed during the...

Overview finds weakening in all countries and sectors at end of 2008 Across Central and Eastern European markets vacancy is on the up, rents are stalling or falling and new supply is being mothballed on the back of weak markets and reduced availability of development finance. The extent to which this is happening differs markedly by country and market sector. At the end of 2008, the...

Over 7.9 million sq m of new shopping centre space was completed in 2008, making it a third consecutive record year for growth which was largely driven by developments in Russia, Turkey and the UK More than 23 million sq m of new shopping centre space is in the pipeline for 2009 & 2010 – 15% down on the June 2008 forecast for the same period. And it is expected that a significant...

Les marchés immobiliers suisses n'échappent pas aux retombées de la crise financière mondiale. Cependant, les économistes du Credit Suisse ne prévoient pas de profonds bouleversements pour 2009, car ces marchés sont en bonne santé et ont rarement connu de surchauffes par le passé récent. Le marché du logement semble le plus stable. Il profite en effet encore des impulsions de la vague migratoire,...

It maybe a generalisation (but a relatively accurate one) to say that UK and European end-users who deployed derivative strategies have had an overall positive experience from doing so. Their participation was mainly, and quite sensibly, as a hedger - being that they were “long” physical property and there were the beginnings of a consensus forming in ‘06 and ‘07 that UK commercial property might...

Nous sortons d’une année 2008 sans aucun doute chahutée. La crise boursière et bancaire, l’inflation et l’instabilité politique en Belgique n’ont pas facilité le marché de Bureau. L’activité des investisseurs s’est effondrée, les niveaux de loyers sont sous pression et le marché anticipe une croissance du vide locatif. Mais malgré un futur incertain, la nouvelle édition de l’ Offices in Belgium...

El BCE ha realizado recortes sin precedentes en los tipos de interés, en un intento de estimular la actividad económica Crecimiento del PIB Las condiciones económicas en Europa se han deteriorado notablemente en los últimos meses, debido en gran parte al recrudecimiento de la crisis financiera. En la Eurozona, se registró un crecimiento negativo del PIB, tanto en el 2ºT como en el...

Direct investment into commercial real estate in Europe for 2008 will likely come in between €105 and €110 billion, according to latest research from Jones Lang LaSalle. This figure is down some 55% on volumes recorded for full year 2007 although this was partially due to a decline in capital...

The approaching festive season is traditionally the time to reflect on the outcome of the closing property year and to look forward to the future. With this in mind, the main heads of department of real estate adviser DTZ have come together to share their views on their respective specialisms. Gathered around the table are: Philippe Winssinger (Chairman of DTZ), Benoît...

According to Savills’ latest food sector report, the growing competition amongst supermarkets looking to expand their market share, particularly in town centre and edge of town locations, is creating opportunities for developers and investors to enter the sector. Tim Doughty, director at Savills, comments: “Recent changes in approach have resulted in operators becoming...