UK Commercial Property Update Remote working one year on A year ago, we were just digesting the impact of remote working, but already permanent change looked likely. And while we know more now and continue to refine our views, we see little reason to change... 23rd June 2021 · 3 mins read
US Commercial Property Update Offices set for a prolonged performance divide The pandemic has heightened occupiers’ focus on the quality and green credentials of the space they occupy. This trend is set to impact on demand, with modern, well-configured buildings with green... 23rd June 2021 · 3 mins read
US Housing Market Data Response New Home Sales (May) While new home sales declined in May, data for homes that are yet to start construction were stronger, as elevated construction costs caused homebuilders to delay projects. But with falling lumber... 23rd June 2021 · 2 mins read
US Housing Market Update Valuations still reasonable despite house price boom The housing market hit a milestone in April, with real house prices rising above the previous peak recorded during the boom of the mid-2000s. But that doesn’t mean valuations are at dangerous levels... 22nd June 2021 · 3 mins read
US Commercial Property Outlook Major Office Markets Outlook (Q2 2021) The start to the year has been in line with our expectations, meaning that falls in absorption and rents have generally accelerated in the six major metros. Owing to their relatively low rents and... 18th June 2021 · 15 mins read
UK Commercial Property Chart Pack Reopening supports gradual property revival The improvements in all-property rents and capital values continued in May, supporting our view that we are at the start of a slow recovery in property. Looking ahead, with non-essential retail and... 18th June 2021 · 7 mins read
US Housing Market Update Surge in home equity won’t trigger credit easing The home equity share has surged to a 31-year high, which in the past may have persuaded mortgage lenders to ease credit conditions. But Ability to Repay regulations brought in after the financial... 17th June 2021 · 3 mins read
UK Commercial Property Should investors be worried about higher inflation? Recent strong inflation data have heightened concerns about global price pressures. At present, we think there will be limited impact on short-term property performance. Further out though, higher... 16th June 2021 · 3 mins read
US Housing Market Data Response Housing Starts (May.) Single-family starts edged higher in May but have been broadly flat since the start of the year. While worsening affordability is now weighing on the demand for homes, record low inventory and falling... 16th June 2021 · 2 mins read
US Commercial Property Data Response Commercial Property Lending (May.) Commercial real estate debt held by banks grew again in May. But while we expect growth to accelerate as the year progresses and confidence returns, investor caution toward the office and retail... 11th June 2021 · 2 mins read
US Commercial Property Outlook Substantial upgrades to industrial and apartments this year The economic recovery continues in earnest, but this is raising questions about quite how transitory the current high rates of inflation are. We think that core inflation will stay elevated, which... 10th June 2021 · 24 mins read
Europe Commercial Property Update Are green commercial leases the future? With emission targets needing to be met by 2030, the race is on for the real estate sector to decarbonise. By forcing tenants and landlords to share the risks, benefits and costs of environmental... 10th June 2021 · 4 mins read
UK Housing Market Data Response RICS Residential Market Survey (May) The looming end of the stamp duty holiday has only applied the slightest dab to the brakes of the housing market thus far. But while the new buyer enquiries started to ease, sales instructions fell... 10th June 2021 · 2 mins read
UK Commercial Property Update Can urban logistics fill the void in cities? The acceleration of structural shifts is likely to result in some conversion of retail and to a lesser extent office space to urban logistics use. However, we think these conversions will be... 9th June 2021 · 3 mins read
Europe Commercial Property Update Hawkish CEE policy shift to push up property yields Our expectation for more aggressive monetary tightening in Central and Eastern Europe and the subsequent upward pressure on bond yields mean that we now expect property yields to rise by more from... 7th June 2021 · 3 mins read
Europe Commercial Property Update Consensus catching up to the view of a weak recovery The latest IPF Consensus forecasts are consistent with our view that prime office rents will fall this year and the recovery in 2022 will be weak, even as the easing of virus restrictions allows... 3rd June 2021 · 3 mins read
