Rental Returns Lower on Europe’s Top Shopping Streets
Yields* for retail property on London’s Bond Street fell to 2.75 percent at the end of Q1 2013 – the first time that yields have dipped below three percent since at least 1991, according to Reuters. Retail property yields in Vienna’s Kaerntnerstrasse and Kohlmarkt are the second-lowest at 3.25 percent, followed by 3.75 percent on Avenue des Champs-Élysées in Paris.
Top office blocks in major European cities yield about five percent while 10-year benchmark government bonds are 1.7 percent in the UK, 1.25 percent in Germany, 1.8 percent in France and 4.2 percent in Italy.
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Last Updated on April 21, 2013 by Ramin Seddiq