2024-11-22-莱坊-European_Living_Sectors_Yield_Guide_October_2024_2页_245kb

European Prime Living Yield Guide Summary

Knight Frank's October 2024 guide provides indicative Net Initial Yields (NIY) for prime, stabilized institutional-grade living assets in European capital and gateway cities. Yields are reflective of income-focused transactions but may differ in regional cities.

Yields were stable from April to October 2024, with variations noted for regulatory and economic factors:

• Ireland: 5.00%-5.25%, driven by rent controls and student tenancies in Rent Pressure Zones (RPZs).
• Poland: 6.00%, the highest yield in Europe, unaffected by rent caps.
• United Kingdom: 4.25%, influenced by affordability requirements.
• France: 4.50%, stabilized by national rent controls.
• Germany: 4.10%, subject to potential changes due to market shifts.
• Spain: 4.75%, impacted by rent caps.
• Austria: 4.50%, with regulated market conditions.
• Netherlands: 5.00%, based on points-based indexation, not NIY.

Key factors include rent regulations (e.g., Paris and other French cities), affordability requirements, and income-focused transactions. Regional cities may exhibit greater yield variance.

Disclaimer: Yields are for indicative purposes only and based on data from Knight Frank Intelligence.