US Commercial Property Update Fires in LA highlight rising climate-related risk to CRE While commercial real estate insurance premiums remain elevated, their growth dropped back substantially last year. But as the West and Gulf coasts still face the greatest threat from climate risks... 13th January 2025 · 3 mins read
Global Commercial Property Chart Pack Global Commercial Property Chartpack (Q4 2024) 2024 likely marked the bottom in all-property values in Europe, but we expect further falls in the US in 2025. That said, US performance should improve further ahead, outpacing the euro-zone over the... 9th January 2025 · 1 min read
US Housing Market Outlook Sales slump to drag into 2025 The potentially inflationary policy mix of the incoming Trump administration will limit the decline in mortgage rates this year, squashing hopes for a major recovery in home sales. We expect... 8th January 2025 · 14 mins read
US Housing Market Rapid Response Mortgage Applications (Dec. 2024) The small decline in purchase mortgage applications in December is worse than it looks, as it masks a collapse in demand in the final few weeks of the month, driven by mortgage rates climbing above 7%... 8th January 2025 · 2 mins read
Europe Commercial Property Update Our key calls for 2025 Against a backdrop of lower interest rates and weak economic growth in much of Europe, we think the recovery in property values will continue at a gradual pace in 2025. Our forecast for euro-zone... 8th January 2025 · 3 mins read
UK Commercial Property Update Property returns to see another modest year Compared to our end-2023 forecasts, property yields look set to end 2024 a bit higher than we anticipated and rental growth stronger. Overall, that means our call for all-property total returns of... 8th January 2025 · 3 mins read
US Commercial Property Update Five key calls for US commercial real estate in 2025 Though we think the market has bottomed, we expect a very weak recovery this year, unlike in other cycles. In fact, we think valuation falls still have further to go, leaving our forecasts generally... 7th January 2025 · 3 mins read
Canada Chart Pack Canada Chart Pack (Jan. 2025) There are increasing signs that interest rate cuts are feeding through to the real economy. Household consumption grew strongly in the third quarter and activity in the housing market has picked up... 7th January 2025 · 1 min read
Europe Commercial Property Update Reviewing our key calls for 2024 The end of the downturn in the European property market came in 2024 as forecast, though the euro-zone performed better than we had expected. That primarily reflected the strength of the prime office... 7th January 2025 · 3 mins read
UK Commercial Property Rapid Response S&P Global/ CIPS Construction PMI (Dec. 24) The headline CIPS construction PMI eased to a six-month low of 53.3 in December, from 55.2 in November, although that indicates construction activity is still expanding. The decline in the headline... 7th January 2025 · 1 min read
UK Housing Market Rapid Response UK Halifax House Prices (Dec. 2024) The small fall in the Halifax house price index in December is at odds with the chunky rise in the Nationwide measure and suggests that recent rises in mortgage rates started to weigh on the housing... 7th January 2025 · 3 mins read
UK Economics Rapid Response UK Money & Lending (Nov. 2024) November’s money and lending data suggests that households’ caution with their borrowing and saving ahead of the Budget hasn’t gone away. As a result, today’s release adds further downside risk to our... 3rd January 2025 · 3 mins read
US Commercial Property Update How did our 2024 key calls hold up? 2024 was another difficult year for commercial real estate. Although the sector appears to have fared better than we expected, our key calls were broadly right in terms of direction and winners and... 2nd January 2025 · 3 mins read
UK Housing Market Rapid Response UK Nationwide House Prices (Dec. 2024) December’s better-than-expected 0.7% m/m increase in Nationwide house prices means that prices continued to gather momentum at the end of last year despite the rise in mortgage rates, rising by a... 2nd January 2025 · 3 mins read
Australia & New Zealand Economics Update Australian house price growth to remain weak in 2025 There was little festive cheer in Australia’s housing market last month, with house prices stagnating across the country’s eight capital cities. Given our view that the RBA has only limited room to... 2nd January 2025 · 3 mins read
US Commercial Property Apartment Metros Outlook Atlanta, Dallas, Houston and Phoenix to lead the way Our apartment metro forecasts continue to show significant variation between metros, even within regions. For example, while we expect continued strong demand growth in the South – especially in... 23rd December 2024 · 7 mins read
