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Commercial Real Estate: Europe: Difference between revisions
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https://realassets.ipe.com/news/commercial-real-estate-deals-in-europe-becoming-more-complex-drooms/10062894.article | https://realassets.ipe.com/news/commercial-real-estate-deals-in-europe-becoming-more-complex-drooms/10062894.article | ||
== Prices == | |||
The Green Street Commercial Property Price Index decreased by 1.6% during the fourth quarter of 2022. The index, which measures pricing of a broad swathe of Pan-European commercial properties, is c.16% below its recent peak. | |||
Low starting yields continue to weigh on the industrial and residential sectors, down 4.8% and 6.2% last quarter, respectively. Office asset prices are roughly stable after falling substantially in the first nine months 2022.<ref>https://gs-s3-prd-usw2-website.s3.us-west-2.amazonaws.com/uploads/2023/01/10112707/GreenStreet-EREA-CPPIReport-2023January10.pdf</ref> | |||
{| class="wikitable" | |||
| rowspan="2" |'''As of January 2023''' | |||
|'''Local Currency''' | |||
|'''Euro Denom.''' | |||
| colspan="3" |'''Change in Comm. Prop. Value (Local Currency)''' | |||
|- | |||
|'''Index Value''' | |||
|'''Index Value''' | |||
|'''Past Month''' | |||
|'''Past 3 Mos''' | |||
|'''Past 12 Mos''' | |||
|- | |||
|Industrial | |||
|168.2 | |||
|163.8 | |||
|0.50% | |||
| -4.80% | |||
| -16.00% | |||
|- | |||
|Residential | |||
|132.1 | |||
|131.8 | |||
|0.30% | |||
| -6.20% | |||
| -14.80% | |||
|- | |||
|Office | |||
|108.5 | |||
|108.2 | |||
|0.20% | |||
|0.30% | |||
| -21.10% | |||
|- | |||
|Retail | |||
|66.1 | |||
|65.8 | |||
|0.70% | |||
|3.90% | |||
|0.00% | |||
|- | |||
|Core Sector Average* | |||
|114.4 | |||
|113.1 | |||
|0.40% | |||
| -1.60% | |||
| -13.00% | |||
|} | |||
=== Index History === | |||
{| class="wikitable" | |||
|'''Date''' | |||
|'''Index Level''' | |||
|'''M/M Change''' | |||
|'''Y/Y Change'''<ref>https://www.greenstreet.com/insights/CPPI?region=EU</ref> | |||
|- | |||
|1-Jan-23 | |||
|114.4 | |||
|0.42% | |||
| -13.04% | |||
|- | |||
|1-Dec-22 | |||
|113.9 | |||
|0.37% | |||
| -11.87% | |||
|- | |||
|1-Nov-22 | |||
|113.5 | |||
| -2.38% | |||
| -12.05% | |||
|- | |||
|1-Oct-22 | |||
|116.3 | |||
| -5.14% | |||
| -9.81% | |||
|- | |||
|1-Sep-22 | |||
|122.6 | |||
|0.48% | |||
| -3.02% | |||
|- | |||
|1-Aug-22 | |||
|122.0 | |||
|0.48% | |||
| -3.36% | |||
|- | |||
|1-Jul-22 | |||
|121.4 | |||
| -7.01% | |||
| -3.68% | |||
|- | |||
|1-Jun-22 | |||
|130.6 | |||
| -3.28% | |||
|5.35% | |||
|- | |||
|1-May-22 | |||
|135.0 | |||
|0.50% | |||
|9.06% | |||
|- | |||
|1-Apr-22 | |||
|134.3 | |||
|1.04% | |||
|8.73% | |||
|- | |||
|1-Mar-22 | |||
|133.0 | |||
|0.49% | |||
|7.94% | |||
|- | |||
|1-Feb-22 | |||
|132.3 | |||
|0.55% | |||
|9.18% | |||
|- | |||
|1-Jan-22 | |||
|131.6 | |||
|1.78% | |||
|8.81% | |||
|- | |||
|1-Dec-21 | |||
|129.3 | |||
|0.16% | |||
|6.18% | |||
|- | |||
|1-Nov-21 | |||
|129.1 | |||
|0.10% | |||
|7.63% | |||
|- | |||
|1-Oct-21 | |||
|128.9 | |||
|2.01% | |||
|8.50% | |||
|- | |||
|1-Sep-21 | |||
|126.4 | |||
|0.13% | |||
|6.59% | |||
|- | |||
|1-Aug-21 | |||
|126.2 | |||
|0.14% | |||
|7.53% | |||
|- | |||
|1-Jul-21 | |||
|126.1 | |||
|1.71% | |||
|7.58% | |||
|- | |||
|1-Jun-21 | |||
|123.9 | |||
|0.13% | |||
|6.69% | |||
|- | |||
|1-May-21 | |||
|123.8 | |||
|0.19% | |||
|6.67% | |||
|- | |||
|1-Apr-21 | |||
|123.5 | |||
|0.31% | |||
|6.58% | |||
|- | |||
|1-Mar-21 | |||
|123.2 | |||
|1.65% | |||
| -3.74% | |||
|- | |||
|1-Feb-21 | |||
|121.2 | |||
|0.21% | |||
| -5.24% | |||
|- | |||
|1-Jan-21 | |||
|120.9 | |||
| -0.68% | |||
| -4.85% | |||
|} | |||