" Prime property yields have “topped out”. Sentiment in the investment markets has improved significantly in the last two months with the majority of yields hardening, some by over 50 basis points since the turn of the year. As the overall market absorbs this trend, confidence will return and entice investors off the sidelines and back into the market.  "

" “Low concentration of headquarters in regional markets restrains the impact of the economic crisis on the occupational market. Nevertheless, small and medium companies, which were not affected by the economic crisis up to now, are facing financial difficulties and postponing hiring decisions.”     "

" “The market is adapting to changing consumer behaviour, with retailers reviewing their business strategies, developers delaying new construction and investors attaching higher risk premium to retail investments. We believe that negative rental and capital value growth will ease in most markets until the end of the year for the prime segment of the market.”     "

" “Investors are looking for realistically priced deals, especially through distressed sales. Normal investment activity can only recover when the confidence in the banking sector is restored. Under current market conditions good property fundamentals and secure income are key.” "

" “The data for the first quarter presents the severity of the current downturn in the commercial property market. The negative data underlines the fact that the “crisis” point has been reached and market players’ wait-and-see attitude should slowly ease as the bottom of the market becomes identifiable. ”     "

" “Reality has finally sunk in following a record run in the letting and investment markets over the last three years. 2009 and 2010 will be very tough years to follow for Luxembourg.”  "

" “In the current context of weakening consumer spending, the performance of a shopping centre relies heavily on the quality of catchment area, tenant mix and management. We expect as the economy recovers, successful centres to attract investor interest leading to yield compression”.       "

" The unfavourable international economic conditions and the uncertainty about the outlook of the Spanish economy have eliminated investment activity in the first quarter of 2009. As shopping centre owners are gradually accepting this reality we are seeing some real price adjustments that could lead to more  transactions.     "

" “Rising yields are expected to stimulate renewed investor interest as some investments are getting closer to their fair value. However, transaction volumes will drop due to lower availability of debt”.  "

" “Vacancy rates will rise, but will peak at lower levels than those seen in either of the last two downturns.” The central London vacancy rate rose throughout the year due to development completions rather than tenant returns.  "