EQ, a quarterly bulletin analysing pan-European investment activity in real estate, real estate market trends and emerging issues related to office, retail and industrial markets provided by DTZ Research.
This edition of EQ features articles on REITs and Spanish real estate.
EQ: European Quarterly - May 08 PDF

Speculative construction has risen even further in London but the pace of increase has slowed dramatically. However, this will not stop rents falling.
Once again the highly cyclical London market has left developers wondering where they are going to find tenants for their new buildings. The change in market conditions from this time last year has [...]

GVA Grimleys quarterly economic and property market review.
Overview of recent performance
All Property rental growth has continued to slow, to 3.35% year-on-year in January, compared with 3.9% pa three months previously (IPD Monthly Index). However, rents only increased by 0.5% over the three months to January, equivalent to 2.2% annualised (down from an annualised 4.1% pa [...]

Detailed report from Jones Lang LaSalle:
“Leasing volumes in the six months to March fell 28% compared with the six months to September, despite a reasonable first quarter. We expect take-up to be subdued over 2008. Tenants control almost 2.8 million sq ft of supply across London. While weexpect this quantum to increase we do not expect it to [...]

The latest May edition of CBRE Monthly Index has come out. The big headline being that property rental growth has effectively stalled in April and that the Bank of England face an issue as the economy slows and CPI inflation rises how can they further cut interest rates. You can read the full edition below:
CBRE UK Month [...]

Bank of England’s lending figures for Q1 2008 were quite sound and surprising. (Albeit the addition of Building society data for the first time gave it more of an upside).
Kelvin Davidson from Capital Economics remarked: ”Looking ahead, it seems likely to us that over the medium term a positive financing gap will exist between commercial property income returns [...]

Below is the latest Central London Q1 2008 Review from Knight Frank. Some key points:

Take-up recovered in the first quarter after the significant fall witnessed at the end of 2007. 3.1 m sq ft was transacted across Central London, which was 18% higher than the previous quarter but still 11% below average.
Active demand rose by 7% to 9.0 [...]

Below is a new research paper released from CBRE research outlining the current trend in development lending across Europe.
CBRE European Development Lending PDF April 08

 It looks fairly positive with current development projects simply being delayed but no evidence of consented schemes being pulled. It is also apparent that most lending banks are more cautious now but all [...]

A fantastic new supplement on the analysis of the London office market has been launched in the Estates Gazette magazine. One of the better supplements I have seen - contains some excellent details on the key stats for quarter 1. DTZ is heading up the agent share on deals with an impressive 44 deals in [...]

Here is the full housing market report from RICS as mentioned in a previous post.
Interestingly the latest RICS commercial property market survey lends support to the forecast that rental values will fall outright this year, which, according to the latest IPF Consensus, remains very much a minority view.  All of the RICS headline balances deteriorated in 2008 [...]

Still equity looking to invest –but being very tactical
The property fundamentals are re-asserting themselves-this is a GOOD thing!
Watch key economic indicators, not just stock markets
From a property investment perspective, focus on:

healthier economies-good quality product
income growth potential
asset management opportunities
in good locations with a strong “story”to tell

View PDF: CBRE In-sight PDF April 08

I thought I would also add this to the mix with the latest IPD data. RICS always reveal their pessimistic nature (RICS website):
The housing market downturn is gathering momentum

The message from today’s RICS Housing Market Survey is clear - the downturn in the
housing market is gathering pace as the credit squeeze reinforces the impact of [...]