Europe's next property cycle

Property cycles are inescapable. Closely linked to the economy, real estate markets will inevitably rise and fall. The key to investing in them is to identify where we are in the cycle and to position portfolios accordingly.

The attached paper outlines where we believe the individual European property markets currently lie in this cycle, split by office, retail and logistics. It then moves on to model likely scenarios for the near-term future and the factors that may affect these before looking at what action investors should be considering.