UK Commercial Property Chart Pack UK Commercial Property Chart Pack (Oct. 24) Capital values are now recovering and, notwithstanding a recent rise in interest rates, will continue to do so. However, with not much prospect for yield compression the recovery will be weak by past... 24th October 2024 · 1 min read
US Housing Market Rapid Response Existing Home Sales (Sep. 2024) The 1% m/m fall in seasonally adjusted existing home sales in September seems underwhelming given last month’s drop in mortgage rates, but the rise in mortgage applications in September points to a... 23rd October 2024 · 2 mins read
Europe Commercial Property Update Dutch EPC evidence highlights risk from stranded assets There is growing concern about how the green transition may create stranded real estate assets, impacting negatively on both lenders and investors. We can get some idea of the scale of the problem in... 23rd October 2024 · 4 mins read
Europe Commercial Property Focus What is the outlook for German residential? Poor economic growth and vulnerability to structural change in the office and retail sector are set to weigh on German property returns in the coming years. But solid rental prospects in the... 23rd October 2024 · 14 mins read
UK Commercial Property Update Are we underestimating the capital value recovery? The strong recovery in property equities prices across the UK, euro-zone and US implies larger rises in commercial property capital values by the end of the year than we are currently forecasting... 22nd October 2024 · 3 mins read
US Commercial Property Update Alternatives set to account for above 20% of investment Alternatives have grown in importance in portfolios in recent years and structural drivers including AI, an aging population and poor housing affordability point to further growth in occupier demand... 22nd October 2024 · 4 mins read
UK Housing Market Outlook Lower mortgage rates to outdo higher taxes A fall in mortgage rates from 4.5% now to around 3.6% in late 2025 may mean that, despite increases in taxes in the Budget on 30th October, house prices rise by 5.0% in 2025 rather than the consensus... 22nd October 2024 · 16 mins read
Middle East & North Africa Economics Update Qatar needs to keep a watchful eye over banking risks The boom in bank lending in Qatar in the 2010s has unwound so far in a relatively orderly manner. Banks are well capitalised and are able to absorb a far greater rise in non-performing loans than we... 22nd October 2024 · 4 mins read
US Commercial Property Update Apartment performance to top consensus estimates Upward revisions by the ULI consensus mean our forecasts remain more downbeat over the next couple of years. However, this is largely down to our weaker view on industrial, while our forecasts for the... 21st October 2024 · 3 mins read
China Economics Weekly Baby steps to support housing won’t drive a turnaround While the Ministry of Housing introduced no significant new measures and gave little additional detail on plans to support the property sector during Thursday's press conference, it did announce an... 18th October 2024 · 5 mins read
US Housing Market Rapid Response Housing Starts (Sep. 2024) The small fall in housing starts in September was entirely due to the multi-family segment, whereas single-family starts rose to a five-month high. While starts will probably weaken this month due to... 18th October 2024 · 2 mins read
Europe Commercial Property Update Dutch logistics will continue to outperform Dutch prime logistics rent growth is set to be among the highest in the region over the next few years. That reflects both strong prospects for leasing, thanks to a bright economic outlook and greater... 17th October 2024 · 3 mins read
Canada Economics Update Canada Housing Watch (Oct. 2024) Lower mortgage rates have provided a small boost to demand but, with new listings outpacing sales again in September, the sales-to-new listing ratio suggests that house prices will soon fall... 16th October 2024 · 4 mins read
UK Commercial Property Update All signs point to capital value recovery Surveys of banks, developers and surveyors all point to a recovery in capital values over the next few months. As does the behaviour of investors. The strength of that recovery is more uncertain, with... 16th October 2024 · 4 mins read
US Commercial Property Update Consumer spending outlook bodes well for industrial rents Industrial’s shift toward logistics means consumer-focused economic variables have become important drivers of rental growth. Admittedly, employment growth is set to slow. But a combination of... 15th October 2024 · 3 mins read
