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
UK Housing Market Focus Have house prices surged to an unsustainable level? The surge in house prices and very high transaction volumes have led to concerns that the housing market is entering a bubble. After all, the house-price-to-earnings ratio has risen to a fresh all... 22nd April 2021 · 10 mins read
UK Housing Market Focus House prices set to dip in 2021 The negative economic impacts of COVID-19 have bypassed the housing market so far due to the extraordinary support measures put in place by the government, regulators, and banks. But while policy has... 27th November 2020 · 12 mins read
UK Commercial Property Focus Higher online share to boost logistics demand by 15% Virus-driven behaviour changes that support a faster online transition will boost industrial demand over the coming years. But we don’t believe the view that higher online spending will cause rents to... 19th November 2020 · 20 mins read
UK Commercial Property Focus Is COVID-19 the death-knell for physical retail? Retail has been hit hard by the COVID-19 crisis and lasting changes to online spending will bring further pain. While our estimates suggest that the impact is likely to be less severe than structural... 8th October 2020 · 27 mins read
UK Housing Market Focus The outlook for housing in a post-COVID world Even after the immediate threat of COVID has receded, we expect as many as 50% of office-based employees will work from home at least once a week. But the move away from cities and toward the suburbs... 9th September 2020 · 22 mins read
US Commercial Property Focus Remote working to hit office income by 20-25% We think that the enforced remote-working experiment of recent months will cause a dramatic demand shift in the office sector, with as many as 50% of office-based employees working from home at least... 6th August 2020 · 25 mins read
UK Housing Market Focus Why a house price crash in 2020 is now unlikely The housing market outlook is improving. Government support and lender forbearance have dulled the impact of the virus on housing. Indeed, housing demand has bounced back more strongly than expected... 15th July 2020 · 17 mins read
Global Economics Focus Lasting blow to supply capacity is not inevitable It is by no means inevitable that the coronavirus crisis puts a big permanent hole in the supply capacity of economies (i.e. their ability to produce goods and services). With the right government... 29th June 2020 · 28 mins read
UK Housing Market Focus Is UK residential property a viable alternative? Relative to past norms, returns on residential property will underperform over the next few years. But with commercial capital values dragged down by the retail sector, institutional investment in the... 5th December 2019 · 12 mins read
UK Housing Market Focus Assessing the case for build to rent A high house price to rent ratio disadvantages the development of build-to-rent, relative to build-to-sell. And with capital values unlikely to grow as quickly as they have done in the past, total... 17th June 2019 · 1 min read
UK Housing Market Focus Can house prices boom again? In recent decades, falling mortgage interest rates have allowed home buyers to borrow more relative to their incomes. But that support for house prices has now been exhausted. Indeed, our long-run... 14th March 2019 · 1 min read
UK Housing Market Focus Will house price falls in the UK be confined to London? London‘s house prices have been falling for much of the last year and we see this as only the start of a correction. But this is the result of specific factors relating to the capital and further... 17th December 2018 · 1 min read
UK Housing Market Focus Will the slowdown in rental growth persist? Slowing rental growth has been driven by cooling tenant demand growth. And in the near term, there are few signs of an imminent revival in rents. But with the supply and demand balance more likely to... 21st September 2018 · 1 min read
Global Economics Focus Where are the risks from property greatest? In this follow-up to our recent Global Economics Focus “Why is property so often the source of trouble?” we assess where in the world the biggest risks to property prices lie. House price falls in a... 8th August 2018 · 1 min read
Global Economics Focus Why is property so often the source of trouble? It is now ten years since the property-induced global financial crisis and house prices in many countries are rising rapidly again. So now seems like a good time to assess whether property... 2nd August 2018 · 1 min read
