Office performance
Office performance
- 2008
- EuroProperty 1 December 2008, 23-31(5) .
Discusses the impact of the credit crunch on the performance of the office market. Reports that the collapse of the lending market and the downturn is causing rents to fall in previously high-growth UK, Spain and Ireland, and that it is also affecting eastern Europe and Germany. Concludes that investors are waiting for the credit tap to flow again and that the vicious circle of the credit crunch will be broken when banks start lending and when equity investors start buying bargains. Tables.
Europe
Discusses the impact of the credit crunch on the performance of the office market. Reports that the collapse of the lending market and the downturn is causing rents to fall in previously high-growth UK, Spain and Ireland, and that it is also affecting eastern Europe and Germany. Concludes that investors are waiting for the credit tap to flow again and that the vicious circle of the credit crunch will be broken when banks start lending and when equity investors start buying bargains. Tables.
Europe