Rents drop sharply in London, Madrid and Warsaw
Rents drop sharply in London, Madrid and Warsaw
- 2009
- EuroProperty 1 June 2009, 26(1) .
According to DTZ forecasts rents across Europe's occupier markets will continue to fall until 2011 with London most affected by the downturn. Madrid will see one of Europe's largest rental corrections and conditions in Warsaw will deteriorate over 2009. Take up in the Luxemburg lettings market has fallen sharply after three strong years. Chart covers DTZ's office rental forecasts. Table lists prime European rents and yields Q1 2009.
Europe
According to DTZ forecasts rents across Europe's occupier markets will continue to fall until 2011 with London most affected by the downturn. Madrid will see one of Europe's largest rental corrections and conditions in Warsaw will deteriorate over 2009. Take up in the Luxemburg lettings market has fallen sharply after three strong years. Chart covers DTZ's office rental forecasts. Table lists prime European rents and yields Q1 2009.
Europe