US Housing Market Rapid Response US Housing Starts (Jan. 2025) The decline in housing starts in January is not a major concern, as it comes after a surge in starts in December and appears partly driven by the unseasonably harsh weather. Encouragingly, permit... 19th February 2025 · 2 mins read
Europe Commercial Property Valuation Monitor Europe Commercial Property Valuation Monitor (Q1 2025) Commercial property valuations worsened in Q4 last year as alternative asset yields rose while property yields edged lower, leaving only the prime office sector fairly valued. That said, the falls we... 19th February 2025 · 0 mins read
Middle East & North Africa Economics Update Saudi Arabia’s real estate boom not a concern (yet) Saudi Arabia’s real estate sector is in the midst of a boom and affordability among Saudi citizens for housing is becoming increasingly stretched, which may tempt the authorities to loosen lending... 19th February 2025 · 4 mins read
Canada Economics Update Canada Housing Watch (Feb. 2025) The plunge in the sales-to-new listings ratio in January is a downside risk to our view that house prices will recover this year, particularly amid anecdotal evidence that US tariff threats are... 18th February 2025 · 4 mins read
US Housing Market Chart Pack US Housing Market Chart Pack (Feb. 25) We think the window for further Fed interest rate cuts has closed, so mortgage rates should remain near their current 7% level this year, before a little more relief arrives in 2026. There will still... 18th February 2025 · 1 min read
US Commercial Property Rapid Response Return-to-office headlines obscuring the truth 17th February 2025 · 2 mins read
UK Housing Market Update Still optimistic on UK house prices, but downside risks growing A weaker economy than we previously thought could mean housing demand is a bit more subdued than we expect. But our forecast for mortgage rates to fall further than is widely anticipated suggests... 17th February 2025 · 5 mins read
China Economics Weekly More support for developers, while marriages plunge The decline in the number of marriages in China that was revealed this week isn’t just due to there being fewer eligible people. The rate at which young adults are marrying has halved over the past... 14th February 2025 · 5 mins read
Europe Economics Update High demand to spur construction in southern Europe Booming demand for housing has led to huge price rises in southern Europe over the past few years and will support rapid construction growth for some time to come. Moreover, there is little risk of a... 13th February 2025 · 3 mins read
UK Commercial Property Valuation Monitor UK Commercial Property Valuation Monitor (Q1 25) Property valuations worsened in Q4 as alternative asset yields rose and property yields essentially held steady. 13th February 2025 · 1 min read
UK Housing Market Update RICS Residential Market Survey (Jan. 2025) January’s RICS survey suggests that the recent rises in mortgage rates and the downbeat economic outlook weighed on housing demand at the start of this year. But bigger falls in mortgage rates than... 13th February 2025 · 4 mins read
UK Commercial Property Update Retail is back, but online will remain a drag into the 2030s Five years ago, the retail sector was staring at the abyss, as lockdowns and virus-related restrictions worsened what was already a crisis in demand. The turnaround since has been dramatic. But while... 12th February 2025 · 5 mins read
Europe Commercial Property Update Euro-zone CRE investment outlook still gloomy After a strong Q4, a shaky start to 2025 has highlighted the fragility of the recovery in euro-zone commercial real estate investment. We still expect transaction volumes to rise over the remainder of... 11th February 2025 · 5 mins read
UK Housing Market Update Rental supply to remain tight While it is possible that a fall in mortgage rates will trigger a modest increase in the number of rental properties over the next two years, we doubt this will offset the weakness in rental supply... 11th February 2025 · 4 mins read
US Commercial Property Update US office inventory to shrink further by 2030 While 2024 was the first year in which inventory removals outpaced completions, we expect strong conversions activity to make it the first of many. Indeed, thanks to further declines in office... 10th February 2025 · 3 mins read
UK Commercial Property Update Will new London office supply run dry from 2027? The Central London office pipeline looks set to go from feast to famine over the next few years, with a sharp drop in planned completions from 2027. But we doubt new office supply will run dry... 10th February 2025 · 4 mins read
