Europe Commercial Property

Helsinki offices to continue to outperform euro-zone

Following better-than-expected Q2 data, we have revised up our Helsinki office returns forecasts for this year. And given a robust rental outlook, returns are set to outpace the euro-zone over the...

6th August 2021 · 3 mins read

UK Housing Market Data Response

Halifax House Prices (Jul.)

Halifax house prices returned to growth on a monthly last month, partly reversing a weak June figure. But the underlying trend, as the stamp duty discount is phased out, is for a modest slowdown...

6th August 2021 · 2 mins read

UK Commercial Property Data Response

RICS Construction Market Survey (Q2)

The latest RICS survey confirmed that construction activity rose strongly in Q2 and suggests expectations are upbeat about the outlook. But while we think output is likely to remain strong in the...

5th August 2021 · 2 mins read

UK Commercial Property Data Response

IHS Markit/CIPS Construction PMI (Jul.)

July’s construction PMI figure was slightly disappointing compared with the previous month’s highs. But it continued to point to robust activity and we think any dip is most likely a reflection of...

5th August 2021 · 2 mins read

Europe Commercial Property Update

Longer-term prospects poor for Italian offices

With demand slowly recovering and supply being pushed back, we no longer expect prime office rental falls in the Italian markets this year. However, the outlook is less encouraging, with a slowdown in...

4th August 2021 · 3 mins read

US Housing

Mortgage Applications (Jul.)

The recent decline in mortgage rates buoyed refinancing activity in July, but didn’t prevent another month of declining home purchase activity. While market conditions are tight, there are still...

4th August 2021 · 2 mins read

US Housing Market Update

Increase in build-for-rent won’t derail SF rent growth

Surging demand for single-family homes has revived institutional investor interest in the single-family rental (SFR) market. With few homes available to buy, interest in build-for-rent (BFR)...

3rd August 2021 · 3 mins read

UK Housing Market Outlook

House price growth to cool but not collapse

There are already signs that the end of the stamp duty holiday will take some heat out of the housing market, with house price inflation set to cool from 10% to 7% by the end of the year. But as we...

2nd August 2021 · 22 mins read

Australia & New Zealand Data Response

Australia CoreLogic House Prices (Jul.)

House prices are continuing to surge and forward indicators suggest the upswing has a little further to run. Even so we think house price growth will slow in 2022.

2nd August 2021 · 2 mins read

US Commercial Property Data Response

RICS Commercial Market Survey (Q2)

Improvements in occupier demand boosted market sentiment in Q2. With over half of surveyors perceiving the property cycle to be in an upturn, prospects for H2 performance look solid. But while we...

29th July 2021 · 2 mins read

UK Commercial Property

RICS Commercial Property Market Survey (Q2)

Surveyors indicated that both occupier demand and investment enquiries improved in Q2 on the back of stronger industrial activity. Looking ahead, expectations for office and retail values are less...

29th July 2021 · 2 mins read

Europe Commercial Property Update

Investment past the worst but still faces uphill struggle

The Q2 data showed that pan-European (excl. UK) transactions improved after their Q1 lows. But international travel restrictions, structural shifts in the office and retail sectors and tougher credit...

29th July 2021 · 3 mins read

UK Commercial Property

Lending to commercial property (June)

As the economic recovery gathers pace, lenders have been less willing to grant further payment holidays to landlords and a rise in repayments probably explains the sharp decline in net lending in June...

29th July 2021 · 2 mins read

UK Housing Market Data Response

Mortgage Lending (Jun.)

A surge in borrowing ahead of the tapering of the stamp duty holiday in July saw new mortgage lending set a fresh record high. Meanwhile, robust mortgage approvals pointed to activity remaining strong...

29th July 2021 · 2 mins read

US Commercial Property Data Response

US Metro Employment (Jun.)

Employment growth accelerated in June, helping office-based employment return to pre-pandemic levels in almost a third of metros. But the 3m/3m growth rate in total employment was highest in the...

28th July 2021 · 2 mins read