Europe Commercial Property Focus Large variation in long-term office demand prospects across the euro-zone Five years since the onset of the pandemic, the share of remote working in the euro-zone has generally increased by more than we had expected back in 2020. But office-based employment growth has also... 2nd April 2025 · 11 mins read
Global Economics Focus The Mar-a-Lago Accord: cutting through the chatter It is becoming clear that President Trump’s actions are driven by both his fixation on reducing the US trade deficit and his transactional approach to dealing with other countries. So, even though the... 25th March 2025 · 25 mins read
Europe Commercial Property Focus Dutch residential to outperform in the euro-zone Residential has been the Netherlands’ strongest performing commercial property sector since the GFC, with bumper rent growth a key contributor to that outperformance. Looking ahead, slower wage growth... 24th March 2025 · 18 mins read
Global Economics Focus The Shape of the Fractured World in 2025 The share of the fracturing global economy that is accounted for by China and its geopolitical allies contracted in 2024, leaving it under a third the size of the US bloc at the start of 2025. This... 17th January 2025 · 1 min read
Global Economics Focus How to think about tariffs In this Focus, we construct a framework to explore the channels through which an import tariff works, which we use to answer key questions about the impact of Trump’s proposals for a 10% universal... 25th November 2024 · 21 mins read
Event CRE Drop-In: The residential outlook – Europe vs the US and the case for outperformance 1731423600 Residential’s growing share of investor portfolios speaks to the buzz around its potential to keep providing outsized returns. But will residential continue to deliver?
Europe Commercial Property Focus What is the outlook for German residential? Poor economic growth and vulnerability to structural change in the office and retail sector are set to weigh on German property returns in the coming years. But solid rental prospects in the... 23rd October 2024 · 14 mins read
Europe Commercial Property Focus Regional divide in euro-zone office yield outlook Taking stock of euro-zone office yields after their recent stabilisation reveals a convergence across the region, with spreads between the northern markets and the historically higher-risk southern... 17th September 2024 · 15 mins read
UK Commercial Property Focus Why this will be the slowest global recovery on record Relatively high interest rates and structural problems within offices will weigh on the commercial real estate recovery over the next three years. Indeed, we forecast the upturn will be weaker than in... 4th March 2024 · 21 mins read
Europe Commercial Property Focus How big a threat is debt distress in Europe? Falling interest rates will not prevent a rise in refinancing distress in Europe in the coming years – debt funding gaps will be large and forced selling will increase. However, financing pressures... 7th February 2024 · 20 mins read
Global Economics Focus The shape of the fractured world economy in 2024 Our expanded Global Fracturing database allows clients to analyse how geopolitical pressures are reshaping global economic and financial activity. Here, we highlight some of the key findings. 16th November 2023 · 10 mins read
Europe Commercial Property Focus Where are industrial rental prospects strongest? We think online demand will continue to be an important driver of relative rental prospects in European industrial markets as we move into the post-pandemic era. But the outlook for traditional demand... 12th October 2022 · 14 mins read
Global Economics Focus Property the weak link as interest rates rise We think that property markets are the weak link when it comes to the impact of tightening monetary policy. A modest rise in interest rates might only cause price falls in a few obvious candidates... 25th March 2022 · 22 mins read
UK Housing Market Focus How pandemic changes will affect European cities Europeans are returning to cities, though the return to offices has been much slower and this has had negative effects on city retail. Looking ahead, weaker demand for office and retail will weigh on... 2nd November 2021 · 14 mins read
Europe Commercial Property Focus What will COVID-19 mean for the largest global cities? Cities are central to property performance. And the largest are seen as hugely important by investors. But the pandemic has turned many received ideas about real estate on their head and we think that... 10th August 2021 · 20 mins read
Europe Commercial Property A primer on European residential property Less favourable demand fundamentals and less scope for yield compression mean that European residential returns are likely to be lower in the coming years than over the previous decade. An analysis of... 27th July 2021 · 17 mins read
