Europe Commercial Property Update

Consensus agree prime office rental growth to slow

Forecasts for prime office rental growth have generally proven too pessimistic over the past couple of years, but there is again broad agreement that a slowdown is on the way this year. However, we...

15th May 2024 · 4 mins read

UK Commercial Property Update

Hotel demand to recover as cost-of-living crisis abates

Spending on hotels and overseas visits to the UK are still not back to their pre-COVID-19 levels. But with cost-of-living pressures set to ease around the world and consumer spending likely to outpace...

15th May 2024 · 3 mins read

US Housing Market Chart Pack

US Housing Market Chart Pack (Apr. 2024)

Mortgage rates climbed back above 7% last month but we think that trend will soon reverse, with rates falling to 6.5% by year-end. Lower borrowing costs will draw more mortgaged buyers into the market...

14th May 2024 · 1 min read

UK Housing Market Update

Is renting becoming the preserve of the rich?

High net migration has led to a big jump in demand for rental properties that has pushed up the cost of rent compared to the average salary. But comparing rents to average pay is not as accurate a...

13th May 2024 · 4 mins read

US Commercial Property Update

Storms on the horizon for West Coast port markets

After a prolonged period of weakness, the West Coast ports have seen an improvement in trade volumes recently. However, industrial demand in these markets remains very weak and growing headwinds –...

10th May 2024 · 4 mins read

UK Commercial Property Valuation Monitor

UK Commercial Property Valuation Monitor (Q1 24)

A combination of a further rise in property yields and fall in alternative asset yields drove an improvement in property valuations in Q1. The more recent rise in risk-free rates implies that...

10th May 2024 · 0 mins read

US Housing Market Update

Shutting out institutional buyers won’t lower house prices

Lawmakers' current efforts to restrict institutional buying of single-family homes won’t put downward pressure on house prices if enacted, as their market share is minimal.

9th May 2024 · 3 mins read

Europe Commercial Property Update

Italian industrial upswing has further to run

The Italian industrial market made a strong start to 2024, with prime rent growth outpacing the rest of the euro-zone and beating our own forecasts. Rental gains are still expected to slow going...

9th May 2024 · 3 mins read

UK Housing Market Update

RICS Residential Market Survey (April 2024)

Increasing supply points to softer price growth While sales volumes were robust in April according to the RICS Residential Market Survey, stalling demand and increasing supply suggests that prices...

9th May 2024 · 2 mins read

US Housing Market Rapid Response

US Mortgage Applications (Apr. 2024)

The small rebound in mortgage demand in March proved short-lived, as higher borrowing costs caused home purchase mortgage applications to drop 2.3% m/m in April. But the 10-year Treasury yield’s...

8th May 2024 · 2 mins read

Europe Commercial Property Update

Luxury rental growth to outperform mass market retail

The rebound in prime retail rents is set to wane this year. But we think prime rents on luxury high streets will continue to outperform those of mass markets in the coming years.

7th May 2024 · 3 mins read

UK Commercial Property Rapid Response

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

The headline CIPS construction PMI rose for the fifth consecutive month to 53.0 in April, a 14-month high. The rise was driven by improvements to the commercial and civil engineering components...

7th May 2024 · 2 mins read

China Economics Weekly

Developer financing still weak, green loans surge

The continued weakness of credit demand is holding back China's economic recovery. While lending to manufacturers continues to be strong – particularly for those engaged in green technology production...

3rd May 2024 · 7 mins read

UK Commercial Property Focus

What office types will emerge strongest?

The revolution in remote work has not been kind to the office sector. But smaller, higher quality offices have performed relatively well over the past couple of years. With fewer workers in the office...

2nd May 2024 · 17 mins read

US Commercial Property Update

San Francisco the poster child for the donut effect

With downtowns generally suffering most from the growth in remote work, the hardest-hit cities such as San Francisco are now seeing this impact other revenue streams too, not least tourism. While...

2nd May 2024 · 4 mins read