{"id":1853,"date":"2012-11-29T07:26:08","date_gmt":"2012-11-29T12:26:08","guid":{"rendered":"http:\/\/traceyarial.com\/blog\/?p=1853"},"modified":"2013-05-29T07:27:31","modified_gmt":"2013-05-29T11:27:31","slug":"european-markets","status":"publish","type":"post","link":"https:\/\/traceyarial.com\/blog\/en\/european-markets\/","title":{"rendered":"European Markets Geographically and Economically Polarized"},"content":{"rendered":"

The geographic and economic position of various markets in Europe are now working together to encourage foreign investment towards the north and away from the south.<\/strong><\/p>\n

\u201cWe\u2019ve seen a huge drop-off in turnover in those southern markets but at the same time, we\u2019ve seen very strong capital flows into the northern markets and perhaps pricing is even more aggressive than it\u2019s been recently,\u201d says Jonathan Hull, Managing Director \u00a0of CBRE Global.<\/p>\n

\"Jonathan<\/a>
Jonathan Hull, Managing Director of CBRE Global<\/figcaption><\/figure>\n

Projects with high level of vacancy in markets that are challenged in the south are finding it very difficult to achieve anything like acceptable pricing. Whereas in London, where there is relatively low supply in the market, we\u2019re seeing premium pricing being paid for very core product. Short leases are not seen as such a bad thing in those markets where you\u2019re seeing high levels of tenant demand in core locations.\u201d<\/span><\/p><\/blockquote>\n

Meanwhile, the southern areas of Europe\u2014including Greece, Italy, Spain and Portugal\u2014are struggling with debt crises domestically and can\u2019t attract capital in foreign markets because of increased risk.<\/p>\n

\u201cWe\u2019re seeing the austerity measures that are being taken in those countries having an impact on the leasing markets and consequently on the sentiment from investors and therefore on turnover,\u201d says Hull. \u201cWith the softness in the occupational markets in most countries, leasing risk and vacancy are obviously very difficult to price and also very difficult to raise debt.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The geographic and economic position of various markets in Europe are now working together to encourage foreign investment towards the north and away from the south. \u201cWe\u2019ve seen a huge drop-off in turnover in those southern markets but at the same time, we\u2019ve seen very strong capital flows into the northern markets and perhaps pricing […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_wp_convertkit_post_meta":{"form":"-1","landing_page":"0","tag":"0","restrict_content":"0"},"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[82],"tags":[],"class_list":["post-1853","post","type-post","status-publish","format-standard","hentry","category-international","post-wrapper","thrv_wrapper"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p2buQs-tT","jetpack-related-posts":[{"id":1592,"url":"https:\/\/traceyarial.com\/blog\/en\/mark_renzoni\/","url_meta":{"origin":1853,"position":0},"title":"Steady as she goes","author":"Tracey Arial","date":"May 7, 2013","format":false,"excerpt":"Stable markets, continued low interest rates and strong capital markets will offset possible slow-downs in residential construction and jobs in the coming year for a cautiously optimistic overlook overall. \u201cThere\u2019s going to be a steady real estate market for all of Canada, especially for the major markets of Vancouver, Calgary\u2026","rel":"","context":"In "Canada"","block_context":{"text":"Canada","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/"},"img":{"alt_text":"COO of CBRE","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/Renzoni.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":15662,"url":"https:\/\/traceyarial.com\/blog\/en\/vancouver-office-stalled\/","url_meta":{"origin":1853,"position":1},"title":"Office demand in Vancouver stalled","author":"Tracey Arial","date":"April 10, 2014","format":false,"excerpt":"There\u2019s a lot of excitement in the Vancouver market recently, primarily due to three big developments due to open next year. Still, the top expert in the market says there\u2019s now a lull. When three or four buildings came out of the ground, they got a lot of immediate take-up\u2026","rel":"","context":"In "Canada"","block_context":{"text":"Canada","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/"},"img":{"alt_text":"BartCorbett","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/BartCorbett.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1936,"url":"https:\/\/traceyarial.com\/blog\/en\/high-rise-shif\/","url_meta":{"origin":1853,"position":2},"title":"Major Canadian Cities Shifting to High-Rises","author":"Tracey Arial","date":"November 29, 2012","format":false,"excerpt":"The Shift Hits the Fan in the housing market By Michel R\u00e9my The results of decisions made by Ontario provincial ministers in 2005 when they decided to intensify housing in Toronto\u2019s downtown core are only becoming visible now. \u201cThe Growth Plan for the GTA is intensification, which means taking a\u2026","rel":"","context":"In "Cultural Identity"","block_context":{"text":"Cultural Identity","link":"https:\/\/traceyarial.com\/blog\/en\/category\/cultural-identity\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15720,"url":"https:\/\/traceyarial.com\/blog\/en\/peter-g-hall\/","url_meta":{"origin":1853,"position":3},"title":"Peter G. Hall in Laval Tomorrow","author":"Tracey Arial","date":"May 7, 2014","format":false,"excerpt":"Economic forecaster Peter G. Hall will be at the Ch\u00e2teau Royal, 3500, boulevard du Souvenir tomorrow morning to speak to more than 150 Laval exporters. There are 430 Laval companies that export globally,\u201d said Bruno S\u00e9guin the acting director of the Laval Technopole International Business Centre. \u201cExport markets didn\u2019t use\u2026","rel":"","context":"In "Hundred Mile Circle"","block_context":{"text":"Hundred Mile Circle","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/hundredmilecircle\/"},"img":{"alt_text":"PeterHall","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/PeterHall.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1882,"url":"https:\/\/traceyarial.com\/blog\/en\/mid-size-market-opportunities\/","url_meta":{"origin":1853,"position":4},"title":"Mid-size Market Opportunities via growth, creativity and services","author":"Tracey Arial","date":"November 29, 2012","format":false,"excerpt":"Many of the assets in our market have potential to add more density, as planners become more open to the infilling concept says Manitoban real estate expert Mid-size markets in the west are growing briskly, says Sandy Shindleman, president of Shindico Group, a commercial-based real estate investor based in Winnipeg.\u2026","rel":"","context":"In "Canada"","block_context":{"text":"Canada","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/"},"img":{"alt_text":"Shindleman headshot","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/Shindleman.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1841,"url":"https:\/\/traceyarial.com\/blog\/en\/latin-america-opportunities\/","url_meta":{"origin":1853,"position":5},"title":"Latin American Opportunities","author":"Tracey Arial","date":"November 29, 2012","format":false,"excerpt":"Forward-looking investors like the financial resilience and increasing transparency of markets in Latin\u00a0America. 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