In its World Office Yield Spectrum report for 1H16, Savills noted that prime office sales in Europe amounted to around GBP240bn in 2015. Savills notes that one of the main features of 2016 will be a slowing in capital growth in the UK. Meanwhile, opportunistic investors should focus on peripheral markets that show potential for increases in rents. As of December 2015, the overall market yield in the prime office markets of Madrid was 3.77%. The market risk premium was 2.31%. Over the course of the second half of last year, the overall market yield rose by 0.06%.

Source : Savills/Mar 2016/Madrid/OFF