Europe Commercial Property Update Why the slump in values feels different this time The latest real estate data suggest that the current drop in capital values in the euro-zone will be as bad as the post-GFC correction. But market sentiment has been less negative this time... 6th September 2023 · 3 mins read
UK Commercial Property Rapid Response S&P Global/ CIPS Construction PMI (August) 6th September 2023 · 2 mins read
US Commercial Property Update Denver’s poor jobs performance should be short-lived Denver’s poor jobs market performance over the last year appears to have been driven by a combination of a downsizing in Central Bank staff and layoffs in its large telecoms sector. But the former’s... 5th September 2023 · 3 mins read
UK Housing Market Update Pandemic trends are approaching their end The adoption of remote work meant central London was left out of the COVID-19 house price boom. But with house prices in outlying towns and rural areas around the capital starting to stagnate too... 5th September 2023 · 4 mins read
UK Commercial Property Update How concerning is the fall in CRE equity prices? Rising interest rates have pushed down commercial property equities, which implies capital values will come under further downward pressure. That said, the large correction in equities seen in 2022... 5th September 2023 · 3 mins read
China Economics Weekly A major step-up in support Stimulus efforts are finally gaining momentum. Yesterday, regulators announced measures to support households and shore up the property sector, including looser downpayment requirements and reductions... 1st September 2023 · 6 mins read
Europe Commercial Property Update Euro-zone crash now expected to match GFC slump While the macro backdrop was broadly unchanged, rents were stronger and yields were higher than expected in Q2, forcing us to re-examine our 2023 real estate view. As a result, we have edged down our... 31st August 2023 · 3 mins read
China Chart Pack China Chart Pack (Aug. 2023) Our China Chart Pack has been updated with the latest data and our analysis of recent developments. China's reopening recovery has fizzled out and the economy is now at risk of a downward spiral. We... 31st August 2023 · 1 min read
Europe Commercial Property Update Tourist boost to Iberian retail rents has run its course A strong rebound in tourism has bolstered retail rents in Spain and Portugal over recent quarters. However, we think this boom has run its course. Alongside a weak domestic consumer outlook, this... 30th August 2023 · 3 mins read
UK Commercial Property Rapid Response Lending to commercial property (Jul. 23) Net lending to commercial property was positive for the fifth consecutive month in July although, at £297m, the increase was the smallest since lending contracted in February. 30th August 2023 · 1 min read
US Housing Market Rapid Response Case-Shiller/FHFA House Prices (Jun.) The limited supply of existing homes for sale helped house prices rise for the fifth consecutive month in June, according to Case-Shiller. Given the sizeable increase in prices in Q2 and that we... 29th August 2023 · 2 mins read
US Commercial Property Valuation Monitor US Commercial Property Valuation Monitor (Q3 2023) Property yields rose across all sectors in Q2. However, for the retail sector this was offset by rises in the 10-year treasury yield. Consequently retail saw a small decline in valuations, whereas... 25th August 2023 · 1 min read
China Economics Weekly Property stimulus tea leaves, BRICS expansion The PBOC surprised analysts by keeping the benchmark for mortgage pricing unchanged this week. President Xi’s catch-phrase “houses are for living in, not for speculation”, widely associated with tight... 25th August 2023 · 6 mins read
UK Housing Market Chart Pack UK Housing Market Chart Pack (Aug. 2023) This new Chart Pack has been designed to replace our Chart Book in response to client feedback to make our insights more accessible, and with more options to incorporate them into your workflow. Use... 25th August 2023 · 1 min read
UK Commercial Property Update How concerning is the decline in industrial take-up? The sharp drop in industrial take-up in recent quarters may be a sign that the sector is becoming more vulnerable to changes in economic conditions. Indeed, the decline has coincided with a 25% drop... 24th August 2023 · 3 mins read
