Prime yields still some way from their floor

In the absence of particularly enticing prospects for alternative asset classes, demand for prime commercial property will be strong for at least the next two to three years. This has meant that we have again lowered our yield forecasts for the 2016-18 period, which has pushed up our short-term capital growth projections, particularly in Western Europe and Central Europe.Further east, we expect stronger performance in the 2018-20 period.