2023-11-30-莱坊-European_Living_Sectors_Yield_Guide_November_2023_2页_372kb

Report Overview: The European Prime Living Yield Guide published by Knight Frank on 30 November 2023 provides indicative yields for prime, stabilized institutional-grade real estate assets in Europe, based on Net Initial Yield (NIY) metrics. These yields are specific to capital and gateway cities and may vary in regional markets.

Data Scope: The yields are presented for a monthly period from May to November 2023, reflecting income-focused transactions. Key countries covered include Austria, France, Germany, Ireland, Netherlands, Poland, and Spain.

Regulatory Impacts: Rent control measures and indexation rules in various countries influence yields. Examples include:

• France: Rent controls in Paris and other cities lead to stable yields with some increases in specific locations.
• Ireland: Implementing restrictions in regulated zones result in minor yield increases.
• Netherlands: Points-based indexing introduces gradual yield rises.
• Germany: Rental indexation via Mietspiegel maintains stability.
• Role of affordability requirements in the UK affects yield fluctuations.

Yield Trends: Overall market shows stability, with some country-specific increases or decreases. Notably, yields in the UK and Ireland saw slight rises due to regulatory changes and economic factors.

Disclaimer: The guide is for general information only and not to be relied upon, with no liability implied for losses arising from use.