US Housing Market Rapid Response US Existing Home Sales (Jan. 2025) The fall in existing home sales in January reflects weak deal-making at the end of last year due to the surge in mortgage rates. Given that borrowing costs have stayed above 7% since then, we expect... 21st February 2025 · 1 min read
China Economics Weekly China Weekly: Private sector support, property prices President Xi's meeting with top tech leaders underscores a shift back to a more constructive attitude toward private firms that has been underway since 2023. Meanwhile, data out this week showed that... 21st February 2025 · 4 mins read
US Commercial Property Valuation Monitor US Commercial Property Valuation Monitor (Q1 2025) With Treasury yields rising in Q4 and property cap rates falling for the first time since mid-2022, our property valuation scores declined across the board. This supports our view that the recovery in... 20th February 2025 · 1 min read
Europe Commercial Property Update How much longer can global hotels outperform? Hotels have seen a considerable turnaround in the past five years given the near-existential threat that the pandemic posed to the sector. Having bottomed last year, we expect values will grow in the... 20th February 2025 · 7 mins read
US Commercial Property Update Tech sector “remixing” will keep US office job growth weak It may seem odd that tech firms are likely to make further layoffs in 2025, while at the same time being one of the leading sectors for hiring intentions. But this broadly reflects cutbacks in less... 19th February 2025 · 3 mins read
UK Commercial Property Outlook UK Commercial Property Outlook: Weak economy to weigh on property recovery The economic outlook has worsened over the past couple of months, which supports our call that the recovery in commercial property will be modest by past standards. Admittedly, interest rates are set... 19th February 2025 · 26 mins read
US Housing Market Rapid Response US Housing Starts (Jan. 2025) The decline in housing starts in January is not a major concern, as it comes after a surge in starts in December and appears partly driven by the unseasonably harsh weather. Encouragingly, permit... 19th February 2025 · 2 mins read
Europe Commercial Property Valuation Monitor Europe Commercial Property Valuation Monitor (Q1 2025) Commercial property valuations worsened in Q4 last year as alternative asset yields rose while property yields edged lower, leaving only the prime office sector fairly valued. That said, the falls we... 19th February 2025 · 0 mins read
Middle East & North Africa Economics Update Saudi Arabia’s real estate boom not a concern (yet) Saudi Arabia’s real estate sector is in the midst of a boom and affordability among Saudi citizens for housing is becoming increasingly stretched, which may tempt the authorities to loosen lending... 19th February 2025 · 4 mins read
Canada Economics Update Canada Housing Watch (Feb. 2025) The plunge in the sales-to-new listings ratio in January is a downside risk to our view that house prices will recover this year, particularly amid anecdotal evidence that US tariff threats are... 18th February 2025 · 4 mins read
US Housing Market Chart Pack US Housing Market Chart Pack (Feb. 25) We think the window for further Fed interest rate cuts has closed, so mortgage rates should remain near their current 7% level this year, before a little more relief arrives in 2026. There will still... 18th February 2025 · 1 min read
US Commercial Property Rapid Response Return-to-office headlines obscuring the truth 17th February 2025 · 2 mins read
UK Housing Market Update Still optimistic on UK house prices, but downside risks growing A weaker economy than we previously thought could mean housing demand is a bit more subdued than we expect. But our forecast for mortgage rates to fall further than is widely anticipated suggests... 17th February 2025 · 5 mins read
China Economics Weekly More support for developers, while marriages plunge The decline in the number of marriages in China that was revealed this week isn’t just due to there being fewer eligible people. The rate at which young adults are marrying has halved over the past... 14th February 2025 · 5 mins read
Europe Economics Update High demand to spur construction in southern Europe Booming demand for housing has led to huge price rises in southern Europe over the past few years and will support rapid construction growth for some time to come. Moreover, there is little risk of a... 13th February 2025 · 3 mins read
UK Commercial Property Valuation Monitor UK Commercial Property Valuation Monitor (Q1 25) Property valuations worsened in Q4 as alternative asset yields rose and property yields essentially held steady. 13th February 2025 · 1 min read
