A lack of space of the size and format that is currently in demand resulted in the decline of available areas in all sectors and as a result rental rates are starting to increase, particularly in the most successful properties. Not only snow but also the commercial real estate market is thawing with the coming […]
There are signs of recovery on the Moscow commercial real estate market, selective rental rates growth will spread out everywhere After long stagnation, the vacancy rates across all Moscow commercial real estate segments have declined to a low level, leading to a start of construction activity, and some submarkets have already recorded smooth rental rates […]
I promised in my last blog (Decoding the Russian enigma) a further post dealing with my expectations for the Russian property markets. I have also been considering giving my thoughts on what to expect in general terms (i.e. they cannot be held against me in specific valuations!) for 2018 year end valuations. We are approaching […]
Russia seems to be hewing ever closer to Churchill’s aphorism: as a riddle, wrapped in a mystery, inside an enigma. It is increasingly difficult to predict what may happen next. A mixture of outside events and curious self-defeating actions, at least from an external perspective, have effects that are extremely uncertain. It may seem then […]
Russia’s nascent economic recovery from the 2014-2016 recession and recent stabilisation have been disrupted by fresh US sanctions. The April round has shifted the USD/RUB exchange rate by about 7% weaker, to c.62. The combined impact of the draft bill introduced by a number of US Senators led by Lindsey Graham on 1 August and […]
The US continues to impose new sanctions on Russia to threaten additional ones. A bill introduced last week by US Senator Linsey Graham includes a ban on new Russian sovereign debt purchases by US individuals and banks and on Russian state banks. This week, the US has imposed a new set of sanctions against Russia […]
It is like 2014 all over again… I have written three draft opinions in recent days – only for them to be overtaken by events. In the deluge of news and volatility I have but one message: DON’T PANIC I believe markets have overshot and will correct. We are already seeing the Russian stock market […]
Digital technologies are everywhere around us. Using the Internet we read the news, check emails and update our calendars, review social networks and news feeds, and communicate with people via instant messengers. We visit banking branches less frequently, as we pay bills either online or through mobile applications. We order food and make purchases online. […]
The global economy went through another round of central bank policy meetings. The US Federal Reserve (Fed) expectedly hiked its policy rate by 25bp to 1.5-1.75%, the European Central Bank (ECB) and the Bank of England (BoE) stayed on hold, while the Bank of Russia (CBR) cut its key rate, also by 25bp, to 7.25%. […]
The Bank of Russia (CBR) has just announced the Board decision to cut its key rate by 25bp, from 7.75% to 7.50%. The move was broadly anticipated, although following the January inflation print, some market analysts had called for a 50bp rate cut. Inflation dropped to a new historical low of 2.2% YoY in January […]
Today Theresa May has triggered Article 50, slightly ahead of schedule. This is more than even the most enthusiastic Leaver could have hoped for at the start of the year. But as our recent report highlights, unusually smooth progress in these early stages is no guarantee of plain sailing ahead. UK road is clearer, but […]
Knowledge of the blockchain was once restricted to a select few members of IT crowd. Whilst the technicalities of the blockchain still remain a mystery to many, there is growing awareness of its implications. Industries of all types, from financial services to manufacturers, from retailers to healthcare, are waking up to its disruption potential. […]
Despite the overwhelming business uncertainty created by recent political events, UK law firms reported increasing UK income in 2016 (PwC, 2016). In the new reality of evolving customer demands, rapid technological change, and disruptive business models, law firms are looking to strengthen their positions in the market, broaden expertise, improve client offerings, and increase geographical […]
Imagine if you awoke in the morning and instead of stepping out the front door to start your usual daily routine of fighting your way onto a packed train or bus with thousands of other commuters and hustling your way into the city office, the only place you had to be was home. Technological change […]
A chance to work from JLL’s City office for the day last week filled me with fervour – it was a change of scene and a chance to expand my horizons and broaden my network. As we proceeded with our meeting, a colleague acknowledged that variety is the spice of life, I casually laughed it […]
Eight years since it was first floated, the International Accounting Standards Board (IASB) has announced that it will issue its definitive guide to the new lease accounting standards by the end of 2015. The new standard has been in the pipeline long enough for many organisations to forget about its implications. And that’s no surprise. […]
