2023-06-12-莱坊-European_Living_Sectors_Yield_Guide_May_2023_2页_365kb

European Prime Living Yield Guide Summary

This report provides indicative Net Initial Yield (NIY) data for stabilized prime institutional-grade income-focused assets in major European capital and gateway cities, based on rack-rented properties. It is not actual figures and was prepared on June 1, 2023, drawing from Knight Frank Intelligence research in May 2023.

Key Findings

• Yields vary by country due to asset stability and regulatory factors; data reflects income-oriented transactions in capital cities.
• Regulatory impacts include rent controls, indexation, and affordability requirements affecting yields:
  • France: Rent regulations in Paris and other cities led to yield increases after stabilization in late 2022.
  • Germany: Mietspiegel in major cities caused steady rises, with prime gross yields differing.
  • Ireland: Rent price zone (RPZ) controls maintained stable yields in regulated areas.
  • Netherlands: Points-based indexation kept yields stable.
  • Poland: Rent caps stabilized yields despite initial variations.
  • Spain: Rent caps contributed to yield stability.
  • UK: Affordability requirements influenced yield ranges, particularly in gateway cities.
• Overall, yields range from 3% to 5.75%, with most countries showing stable profiles despite regulatory changes.

For more details, contact the listed research partners. This guide is intended for general information only and should not be relied upon.