US Housing Market Rapid Response Housing Starts (Dec. 2024) The large rebound in housing starts and continued resilience of building permits in December provides some support to our forecast that starts will remain solid in the first half of the year. However... 17th January 2025 · 2 mins read
UK Commercial Property Update Are clouds forming over the UK property investment outlook? With commercial property capital values stabilising and credit conditions easing, the stage was set for a decent recovery in investment this year. However, the recent rise in gilt yields has cast a... 17th January 2025 · 3 mins read
Canada Economics Update Housing Watch (Jan. 2025) The rise in house prices in December builds on November’s gain, providing some support to our view that house prices will rise by a healthy 4% this year. That said, with the sales-to-new listing ratio... 16th January 2025 · 4 mins read
UK Housing Market Update RICS Residential Market Survey (Dec. 2024) December’s RICS survey suggests that the relief rally after the Budget may have started to fade at the end of last year and the recent rise in mortgage rates have finally began to weigh on housing... 16th January 2025 · 3 mins read
Australia & New Zealand Chart Pack ANZ Chart Pack (Jan. 2025) Our ANZ Chart Pack has been updated with the latest data and our analysis of recent developments. The Antipodean central banks will tread different paths on policy over the forecast horizon. With the... 16th January 2025 · 1 min read
Europe Commercial Property Update French industrial rent prospects slip down the rankings Slowing economic growth and rising availability will hold back French industrial rental growth this year, with affordability concerns likely to be an additional drag in Paris. This will leave the... 15th January 2025 · 3 mins read
UK Commercial Property Update Drop in foreign students a small risk for PBSA rents At first glance the 24% y/y drop in sponsored study visas in Q3 2024 spells bad news for PBSA rents. But the cause of that drop - new rules banning international students from bringing dependents -... 14th January 2025 · 3 mins read
Europe Commercial Property Update Madrid offices will continue to outperform Madrid has seen some of the region’s strongest prime office rental growth in the recent past. While the factors supporting this surge may weaken slightly over time, we think that rent and returns... 14th January 2025 · 3 mins read
US Commercial Property Update Fires in LA highlight rising climate-related risk to CRE While commercial real estate insurance premiums remain elevated, their growth dropped back substantially last year. But as the West and Gulf coasts still face the greatest threat from climate risks... 13th January 2025 · 3 mins read
Global Commercial Property Chart Pack Global Commercial Property Chartpack (Q4 2024) 2024 likely marked the bottom in all-property values in Europe, but we expect further falls in the US in 2025. That said, US performance should improve further ahead, outpacing the euro-zone over the... 9th January 2025 · 1 min read
US Housing Market Outlook Sales slump to drag into 2025 The potentially inflationary policy mix of the incoming Trump administration will limit the decline in mortgage rates this year, squashing hopes for a major recovery in home sales. We expect... 8th January 2025 · 14 mins read
US Housing Market Rapid Response Mortgage Applications (Dec. 2024) The small decline in purchase mortgage applications in December is worse than it looks, as it masks a collapse in demand in the final few weeks of the month, driven by mortgage rates climbing above 7%... 8th January 2025 · 2 mins read
Europe Commercial Property Update Our key calls for 2025 Against a backdrop of lower interest rates and weak economic growth in much of Europe, we think the recovery in property values will continue at a gradual pace in 2025. Our forecast for euro-zone... 8th January 2025 · 3 mins read
UK Commercial Property Update Property returns to see another modest year Compared to our end-2023 forecasts, property yields look set to end 2024 a bit higher than we anticipated and rental growth stronger. Overall, that means our call for all-property total returns of... 8th January 2025 · 3 mins read
US Commercial Property Update Five key calls for US commercial real estate in 2025 Though we think the market has bottomed, we expect a very weak recovery this year, unlike in other cycles. In fact, we think valuation falls still have further to go, leaving our forecasts generally... 7th January 2025 · 3 mins read
Canada Chart Pack Canada Chart Pack (Jan. 2025) There are increasing signs that interest rate cuts are feeding through to the real economy. Household consumption grew strongly in the third quarter and activity in the housing market has picked up... 7th January 2025 · 1 min read
