Australia & New Zealand Economics Weekly

Changes to housing tax breaks could hit rental supply

The Australian government is reportedly considering clamping down on tax breaks for property investors. If the government did indeed reduce and/or phase out existing tax concessions, it would make the...

4th October 2024 · 4 mins read

US Commercial Property Update

Mall divergence to persist as luxury boosts top-tier assets

While we have been talking up the prospects for retail, malls remain the underperforming subsector in our forecasts. But that covers a wide range of likely performance. Indeed, as luxury retailers...

3rd October 2024 · 4 mins read

Europe Commercial Property Update

Out-of-town retail will continue to beat the street

Non-high street retail subsectors have seen a stronger rental recovery from post-pandemic lows than high street shops. And we think this outperformance will continue given tighter availability and...

3rd October 2024 · 4 mins read

China Economics Update

China stimulus: your questions answered

China’s recent stimulus announcements are still at the top of many investors’ minds, at least judging by the high level of client interest in the online briefing we ran on the topic yesterday. We’ve...

3rd October 2024 · 8 mins read

US Housing Market Rapid Response

Mortgage Applications (Sep. 2024)

The impact of lower mortgage rates was finally evident in mortgage applications in September, with applications for home purchase rebounding to a three-month high. With mortgage rates falling to...

2nd October 2024 · 2 mins read

Global Commercial Property Chart Pack

Global Commercial Property Chartpack (Q3 2024)

All-property values have stabilised in the UK but we expect further falls elsewhere, especially in the US. Combined with a weaker office outlook, the US is set to underperform over the next couple of...

2nd October 2024 · 0 mins read

China Economics Update

Property stimulus: announced measures still fall short

Despite driving a surge in developer stock prices, the property support measures announced so far aren’t that different from previous efforts and are unlikely, on their own, to deliver much better...

2nd October 2024 · 6 mins read

US Commercial Property Apartment Metros Outlook

Miami apartment market to feel the heat over 2025-28

Apartment markets are turning a corner, and we now expect the sector to outperform over the five year forecast. As new supply drops back from the second half of next year, we expect a mixture of...

1st October 2024 · 7 mins read

Australia & New Zealand Economics Update

Australia CoreLogic House Prices (Sep.)

With new listings rising rapidly, the housing market is shifting in favour of buyers. Accordingly, we think house price growth will ease further in the months ahead.

1st October 2024 · 3 mins read

Canada Chart Pack

Canada Chart Pack (Oct. 2024)

The economy is stuck in a period of below-potential GDP growth, with previous interest rate hikes weighing on consumer spending and investment. This will keep downward pressure on core inflation...

30th September 2024 · 1 min read

UK Commercial Property Rapid Response

Lending to commercial property (Aug. 24)

Net lending to property reached £1.26bn in August, up from £520m the previous month. While lending to standing assets was responsible for the lion’s share of the increase, lending for development was...

30th September 2024 · 1 min read

UK Economics Rapid Response

UK Money & Lending (Aug. 2024)

August’s money and lending data provide further evidence that the gradual improvement in credit demand and supply in response to the falls in lending rates is supporting the economy. But the Bank of...

30th September 2024 · 3 mins read

UK Housing Market Rapid Response

UK Nationwide House Price Index (Sep. 2024)

September’s 0.7% m/m rise in Nationwide house prices suggests that August’s 0.2% m/m fall was just a blip and that the recent falls in mortgage rates are supporting house prices. What’s more, the...

30th September 2024 · 3 mins read

Europe Commercial Property Update

German logistics to go from leader to laggard

Tight supply conditions have boosted German prime logistics rents despite weak occupier demand. This looks set to continue over the next year or two given completions pipelines for the German markets...

26th September 2024 · 4 mins read

UK Commercial Property Update

Leisure to struggle as high earners’ incomes squeezed

The leisure sector is yet to show signs of recovery from the cost-of-living crisis, in part because still-cautious households are prioritising buying goods rather than expensive leisure services. But...

26th September 2024 · 3 mins read