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RICS Global Commercial Property Survey, Q2 2011

Date

28 Jul 2011

Sections

Euro & Finance
Trade & Society

Key points:

Most commercial property markets around the world remain robust, in spite of the recent economic difficulties.

In Europe, Germany and France have reported strong performances with Russia, Poland and the Czech Republic also showing encouraging commercial sector results.

The report indicates that the majority of countries surveyed witnessed positive growth in occupier and investment demand as well as in development starts during the second quarter of 2011.

Predictably, the results show that the mood in the countries on the outer fringes of the euro area has deteriorated further in the past three months, as concerns over a Greek default intensify. The survey also reveals that expectations for rental values and capital values remain negative in half of the European countries.

Globally, China and Hong Kong continue to be the star performers in both occupier and investment demand.

Russia’s commercial property market is performing extremely well, with respondents reporting a sharp rise in development starts during the second quarter and continuously growing investment demand that has now been rising for seven consecutive quarters.

The commercial property market in Germany continues to shine although expectations for the rate of growth in the coming quarter have moderated slightly.

In contrast to France, Germany and Russia, Greece, the Republic of Ireland, Portugal and Spain to a certain extent, sit at, or just above, the bottom of the rankings for most of the key indicators.

Press release also available from 28.07.2011 on www.ricseurope.eu/en/pressroom

For more information:

Kate Symons

PR Manager (secondment) - RICS Europe

T: +32 (0)2 739 42 27

M: +32 (0)479 35 43 38

E: ksymons@rics.org 

W: www.ricseurope.eu  

Gael Bassetto

Communications Assistant

T: +32 (0)2 289 25 30 

E: gbassetto@rics.org  

W: www.ricseurope.eu  

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