UK Commercial Property Data Response Lending to commercial property (Nov.) Declines in lending for both standing property and new developments resulted in total net lending moving back into negative territory in November. The outlook is for credit conditions to remain tight... 4th January 2022 · 2 mins read
Australia & New Zealand Data Response Australia CoreLogic House Prices (Dec.) The easing in house price growth in December will continue in 2022. And we expect further tightening in lending standards and rises in interest rates to cause house prices to fall in 2023. 4th January 2022 · 2 mins read
UK Commercial Property Update No Christmas cheer for shopping centres The recent sale of a 25% share of the Bluewater shopping centre has provided further evidence of the slump in retail values. And while there are signs that the worst of the correction may now be over... 24th December 2021 · 3 mins read
US Commercial Property Outlook Major Office Markets Outlook (Q4 2021) Our stronger national office forecast this quarter mean upgrades to all six major markets. The largest of those uplifts is in Boston, which has seen a sharp rise up the rankings and where we expect... 23rd December 2021 · 15 mins read
US Housing Market Data Response New Home Sales (Nov.) The healthy rise in new home sales in November primarily reflected a downward revision to the previous month’s reading. Nevertheless, new sales activity is still elevated compared to its pre-COVID-19... 23rd December 2021 · 2 mins read
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
