European commercial property at best value for last 10 years

EUROPEAN commercial property pricing has reached its most attractive level for investment in almost 10 years, according to research by property advisers DTZ.

The company’s latest Fair Value Index released today looks at the current pricing in European property markets and grades them with a score out of 100.

The most recent figures show that the overall index score for Europe rose to 78 in the fourth quarter of last year, from 62 in the third quarter – Europe’s highest score since September 2003.

“The most significant factor behind this change has been the more positive outlook for the Eurozone which has pushed down bond yields and required returns as the risk of break up has receded. The upshot is that property looks better value in comparison to bonds,” Magali Marton, head of research for central Europe, Middle East and Africa, said.

Belgium and the Netherlands topped the list of most attractive markets with the highest score of 100 while UK & Ireland ranked seventh, with a score of 91, up by three points on the previous year.

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