UK Housing Market Update

Credit Conditions Survey (Q1 2024)

Demand for mortgage credit jumped in Q1 in response to the drop in mortgage rates over the second half of 2023. But a rise in financial market interest rates this week, due to higher-than-expected...

11th April 2024 · 3 mins read

UK Commercial Property Focus

Residential will continue to outperform

Residential has taken an increasing share of the professional investment universe over the last decade or more and we will be adding the sector to our next set of UK commercial property forecasts. Our...

11th April 2024 · 18 mins read

UK Housing Market Update

UK RICS Residential Market Survey (Mar. 24)

Cautious optimism from surveyors on prices and activity The slight increase in the balances for past prices and new buyer enquiries in the RICS Residential Market Survey for March showed that demand...

10th April 2024 · 3 mins read

US Commercial Property Update

Consensus still moving in our direction

The latest consensus figures have moved closer to our own total returns forecasts for the next three years. But they continue to expect a lower path for Treasury yields implying a smaller cap rate...

9th April 2024 · 3 mins read

US Housing Market Update

Rising home listings won’t derail our price forecast

We think that reports of a wave of new resale supply coming onto the market are overblown. While the number of homes being listed for sale has increased compared to last year, it is still low by...

9th April 2024 · 3 mins read

US Commercial Property Office Metros Outlook

Value falls of 25% still to come in worst-hit markets

Our latest office metro forecasts highlight a continued divergence between southern metros and the western and major markets. That difference in performance will be driven by a smaller hit to demand...

8th April 2024 · 7 mins read

UK Housing Market Update

How much should we read into the collapse in starts?

The further slump in housing starts in Q4 was a surprise, but timelier data and leading indicators suggest activity has since begun to recover. We are therefore happy with our forecast of a gradual...

5th April 2024 · 2 mins read

UK Commercial Property Rapid Response

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

The headline CIPS construction PMI rose to 50.2 in February, the first time it has risen above the no change level since August last year. The rise was driven small improvements across the housing...

5th April 2024 · 1 min read

US Commercial Property Apartment Metros Outlook

Houston climbs to the top of the apartment rankings

We expect a surge in completions and a slowdown in employment growth to push vacancy higher in most of our 17 metros over the next year or so. Atlanta and Houston are two key exceptions to this rule...

4th April 2024 · 7 mins read

Europe Commercial Property Update

CEE industrial rents to trail the rest of Europe

The CEE industrial market cooled in 2023 as economic activity stagnated. This year will herald an economic recovery but we don’t think it will be stop the rent growth slowdown. Demand is anticipated...

4th April 2024 · 3 mins read

China Chart Pack

China Chart Pack (Mar. 24)

China’s economy continued to recover in the first months of the new year. And we think fiscal support will keep supporting growth in the near-term. That said, the property sector remains a drag on the...

3rd April 2024 · 1 min read

US Housing Market Rapid Response

US Mortgage Applications (Mar. 2024)

Mortgage rates dipping back below 7% helped mortgage applications for home purchase edge slightly higher in March. But recent increases in the 10-year Treasury yield point to mortgage rates climbing...

3rd April 2024 · 2 mins read

UK Commercial Property Rapid Response

Lending to commercial property (Feb. 24)

2nd April 2024 · 1 min read

China Economic Outlook

Prop from stimulus to be short-lived

China’s economy has fared better recently and policy support is likely to remain a near-term prop to growth. But we remain less sanguine about the medium-term outlook.

27th March 2024 · 15 mins read

Europe Commercial Property Update

Paris prime office rent gains to slow

After a solid 2023, we expect Paris prime office rental growth to slow markedly over the next couple of years as demand softens, supply rises and affordability bites. That said, rental gains over 2024...

27th March 2024 · 3 mins read