2025-02-10-莱坊-European_Living_Sectors_Yield_Guide_December_2024_2页_251kb
报告摘要
European Prime Living Yield Guide Summary
Core Content
This document provides a summary of prime living yield rates across various European countries for the Build to Rent and Student sectors as of December 2024. The yields are calculated on a Net Initial Yield (NIY) basis, assuming a rack rented property in capital/gateway cities, and may vary in regional cities. The data reflects the performance of institutional-grade assets focused on income generation.
Key Yield Information
Build to Rent Sector
| Country | Yield (%) | 1-Month Change | Market Sentiment | Rent Regulations |
|---|---|---|---|---|
| Austria | 4.00 | - | Stable | Regulated and un-regulated |
| France | 4.25 | +0.50 | Stable | Rent controls in Paris and other cities |
| Germany | 3.90 | - | Stable | Rental indexation (Mietspiegel) |
| Ireland | 4.75 | - | Stable | Rent controls in RPZs |
| Netherlands | 4.40 | - | Stable | Points based indexation |
| Poland | 5.50 | - | Positive | - |
| Spain | 4.00 | - | Stable | Rent caps |
| UK | 3.90 | - | Stable | Some affordability requirement |
Student Sector
| Country | Yield (%) | 1-Month Change | Market Sentiment | Rent Regulations |
|---|---|---|---|---|
| Austria | 4.50 | - | Stable | - |
| France | 4.50 | -0.50 | Stable | Rent controls in Paris and other cities |
| Germany | 4.10 | - | Stable | - |
| Ireland | 5.00%-5.25 | - | Stable | Rent controls in RPZs |
| Netherlands | 5.00 | - | Stable | Points based indexation |
| Poland | 6.00 | - | Stable | - |
| Spain | 4.75 | - | Stable | - |
| UK | 4.25 | - | Stable | Some affordability requirement |
Market Sentiment Overview
- Stable in most countries, indicating consistent demand and rental performance.
- Positive in Poland, suggesting strong investor confidence and favorable market conditions.
Rent Regulations
- Austria: Both regulated and un-regulated markets.
- France: Rent controls in Paris and other major cities.
- Germany: Rental indexation via Mietspiegel.
- Ireland: Rent controls in RPZs (Rental Price Zones).
- Netherlands: Points-based indexation system.
- Poland: No specific rent regulations mentioned.
- Spain: Rent caps in place.
- UK: Some affordability requirements.
Key Research Highlights
- The document includes a visual of three and twelve-month Euribor rates, which are important indicators for mortgage and financing costs.
- The latest 3-month Euribor is 2.77%, down from 2.89% a week ago and 3.55% three months ago.
- The latest 12-month Euribor is 2.48%, compared to 2.42% a week ago and 3.18% three months ago.
Additional Expertise of Knight Frank
Knight Frank offers expertise beyond residential property, including:
- Waste and Energy
- Infrastructure
- Garden Centres
- Film Studios
- Serviced Offices
- Data Centres
- Life Sciences
- Income Strips
- Ground Rents
- Trading Assets
- Expert Witness
- IPOs
Key Contacts
-
Sandro Dabaghian: Head of European Living Sectors Transactions
Email: Sandro.Dabaghian@KnightFrank.com
Phone: +44 20 3866 7825 -
Oliver Knight: Head of Residential Development Research
Email: Oliver.Knight@KnightFrank.com
Phone: +44 20 7861 5134 -
Henry Griffiths: European Living Sectors Transactions
Email: Henry.Griffiths@KnightFrank.com
Phone: +447976668480 -
Lisa Attenborough: Head of KFCA & Debt Advisory
Email: Lisa.Attenborough@KnightFrank.com
Phone: +44 20 3909 6846
Disclaimer
- This report is for general information only and should not be relied upon for decision-making.
- Knight Frank LLP is not liable for any loss or damage arising from the use of this document.
- Reproduction is not allowed without prior written approval.
- Knight Frank LLP is a limited liability partnership registered in England.
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