UK Housing Market Chart Pack

Strength to persist into 2022

The continued strength of the housing market after the end of the stamp duty holiday shows that it was far more than the tax break that kept prices surging in 2021. The three key drivers of demand -...

23rd December 2021 · 8 mins read

Europe Commercial Property Update

Istanbul industrial rental growth to slow sharply

Despite tight supply and the boost to demand from e-commerce, we think Turkey’s recent currency crisis will further weigh on Istanbul industrial rents and that rental growth will slow sharply after...

23rd December 2021 · 3 mins read

Australia & New Zealand Chart Pack

Omicron won’t hold back consumption for long

The Omicron has lifted new virus cases to a record high, though hospitalisations remain low. We estimate that there are around 2000 hospital beds available for Covid-19 patients in New South Wales...

23rd December 2021 · 11 mins read

US Housing Market Data Response

Existing Home Sales (Nov.)

Existing home sales continued to climb higher in November, leaving sales just short of their peak last year. But we expect a tight inventory and stretched affordability as mortgage rates rise to weigh...

22nd December 2021 · 2 mins read

UK Commercial Property Update

Hotel occupancy will continue to struggle in 2022

International travel restrictions and domestic containment measures have dealt the hotel sector a massive blow over the last two years. The outlook for the sector is more positive, but a slow...

22nd December 2021 · 3 mins read

Europe Commercial Property Update

Diagnosing the opportunity in European life sciences

The pandemic-driven boost in scientific research and development will support demand in the European life science sector, at least for the next few years. This bodes well for several markets we...

20th December 2021 · 3 mins read

US Housing Market Outlook

Major Apartment Markets Outlook (Q4 2021)

Apartment markets in major coastal cities underperformed the national average in 2021, as they were more heavily impacted by lockdowns and the move of some households to cheaper, sunbelt cities. But...

17th December 2021 · 8 mins read

UK Housing Market Update

Interest rate lift off highlights risks

While the hike in Bank Rate from 0.10% to 0.25% came a little earlier than we expected, it does not change our view that the overall rise in interest rates over the next couple of years will be modest...

16th December 2021 · 3 mins read

US Housing Market Data Response

Housing Starts (Nov.)

Single-family housing starts rebounded in November, following a weak four months. While strong new home demand, limited inventory and surging house prices will incentivise builders to increase...

16th December 2021 · 2 mins read

Non-Euro Europe Commercial Property Outlook

Emerging Europe: Retail to make a comeback in 2022

With the recovery running out of steam and the emergence of the Omicron variant posing a downside risk, the economic backdrop is likely to provide less support to the property recovery over the coming...

16th December 2021 · 18 mins read

Europe Commercial Property Update

US to outperform in 2022 before rate rises curb returns

The rapid bounce-back in the US economy along with still-loose monetary policy will drive continued strong performance in real estate in 2022, when we expect returns to exceed 12%. That would see the...

15th December 2021 · 3 mins read

UK Commercial Property Update

Investment expected to edge higher in 2022

Investment activity has bounced back sharply after the initial COVID-19 shock and is on track to hit a three-year high in 2021. But we expect more modest growth in 2022 as softer economic activity and...

15th December 2021 · 3 mins read

China Data Response

China Activity & Spending (Nov.)

Industry in China continued to rebound last month from disruptions caused by power shortages while the recovery in services activity was held back by renewed virus outbreaks. A new COVID outbreak in...

15th December 2021 · 4 mins read

UK Housing Market Update

End of affordability test opens door to larger mortgages

While mortgage lending slowed in Q3 as the stamp duty holiday was tapered, an easing of deposit requirements supported first-time buyer demand. Meanwhile, the Financial Policy Committee’s plan to...

14th December 2021 · 3 mins read

Non-Euro Europe Commercial Property Outlook

Scandi & Swiss: 2021 as good as it gets for returns

The near-term economic outlook has weakened, though GDP in the region had already surpassed its pre-virus levels by Q3. Meanwhile, inflation is set to fall back next year, allowing most central banks...

14th December 2021 · 18 mins read