The Q2 2015 RICS Global Commercial Property Monitor results show sentiment remains positive across much of the globe, despite ongoing macro risks, although there are some exceptions to this broad trend. Nevertheless, those national markets in which confidence is high continue to drive forward, with the latest data suggesting momentum is still building.
Encouragingly, the recovery in parts of the euro area periphery goes from strength to strength. Indeed, Spain and Ireland saw the sharpest pace of improvement in overall occupier market conditions during Q2 across all countries surveyed, with Portugal close behind (as captured by the composite Occupier Sentiment Index). Unemployment, although still significantly above pre-crisis rates, has been consistently declining in each case while output continues to rebound. What’s more, investor demand remains firmly on an upward trend, resulting in strong prospects for both rental and capital value growth over the year ahead and beyond.
Source : RICS