UK Commercial Property Update

What’s keeping real estate investors awake at night?

A vast share of our clients highlighted geopolitics and/or Trump as their biggest blind spots going into 2025 when polled at our recent London roundtables. Meanwhile, a large majority thought that...

9th December 2024 · 3 mins read

UK Housing Market Rapid Response

UK Halifax House Prices (Nov. 2024)

The leap in Halifax house prices in November mirrors the jump in the Nationwide measure and suggests that some relief rally or release of pent-up demand after the Budget has more than offset the...

6th December 2024 · 3 mins read

US Commercial Property Update

No holiday cheer for CRE debt

Our expectation of rising evidence of distressed assets in 2024 has come to bear, but we think more is still to come over the next couple of years. Some of that will stem from matured loans requiring...

5th December 2024 · 6 mins read

Canada Chart Pack

Canada Chart Pack (Dec. 2024)

Lower interest rates are yet to do much to spur the economy, but green shoots are emerging, with the timely activity surveys picking up and the newly-announced mini-fiscal stimulus expected to boost...

5th December 2024 · 1 min read

UK Commercial Property Rapid Response

S&P Global/ CIPS Construction PMI (Nov. 24)

The headline CIPS construction PMI increased to 55.2 in November, from 54.3 in October, indicating an expansion of construction activity.

5th December 2024 · 1 min read

US Housing Market Rapid Response

Mortgage Applications (Nov. 2024)

The rebound in purchase mortgage applications in November shows that there were some signs of life in the market, despite the return of 7% mortgage rates. But taking a step back, activity remains...

4th December 2024 · 2 mins read

Europe Commercial Property Update

Will there be a retail renaissance in Paris?

Paris retail rents surged in Q3 raising hopes for a sustained revival. But this jump probably reflects a temporary boost from the Olympics and momentum is expected to fade next year. Despite this, we...

4th December 2024 · 3 mins read

US Commercial Property Update

Post-pandemic student housing rebound to be short-lived

Tight supply conditions will drive a solid rent outlook for the student housing sector over the next year. But the bigger picture remains one of slowing demand as steady declines in the college-age...

3rd December 2024 · 3 mins read

US Housing Market Chart Pack

US Housing Market Chart Pack (Nov. 24)

Conditions for would-be homebuyers and sellers will not improve much in the near term, with mortgage rates set to remain around 7% through the first half of next year, before modest relief arrives...

2nd December 2024 · 1 min read

UK Housing Market Rapid Response

UK Nationwide House Prices (Nov. 2024)

November’s surprisingly large rise in the Nationwide house price index suggests the housing market is picking up momentum despite recent rises in mortgage rates. With housing affordability still...

2nd December 2024 · 3 mins read

Australia & New Zealand Economics Update

Stretched affordability bodes poorly for housing cycle

Although Australian house prices edged up a notch in November, we remain sceptical about prospects for a second wind in the housing cycle. Given that the RBA is unlikely to provide interest-rate...

2nd December 2024 · 3 mins read

UK Commercial Property Rapid Response

Lending to commercial property (Oct. 24)

Net lending to property totalled £1.21bn in October, marking the third consecutive month of net lending exceeding £1bn.

29th November 2024 · 1 min read

UK Economics Rapid Response

UK Money & Lending (Oct. 2024)

October’s money and lending figures suggest that Budget worries prompted households to become more cautious with their borrowing and saving. Moreover, November’s weak activity data suggest the tax...

29th November 2024 · 3 mins read

UK Commercial Property Update

Takeaways from our Property in 2025 roundtables

This week we held a series of roundtable discussions with clients in our London office about the outlook for European commercial property. This Update outlines our thoughts on some of the most...

28th November 2024 · 4 mins read

UK Commercial Property Update

IPF Consensus Forecasts (Nov. 24.)

The latest IPF Consensus Survey was broadly unchanged from the previous forecast round. Total returns at the all-property level are forecast to be 7.7% p.a. over 2024-28, up from 7.6% p.a. previously...

27th November 2024 · 3 mins read