US Housing Market Chart Pack US Housing Market Chart Pack (Nov. 24) Conditions for would-be homebuyers and sellers will not improve much in the near term, with mortgage rates set to remain around 7% through the first half of next year, before modest relief arrives... 2nd December 2024 · 1 min read
UK Commercial Property Rapid Response Lending to commercial property (Oct. 24) Net lending to property totalled £1.21bn in October, marking the third consecutive month of net lending exceeding £1bn. 29th November 2024 · 1 min read
UK Commercial Property Update Takeaways from our Property in 2025 roundtables This week we held a series of roundtable discussions with clients in our London office about the outlook for European commercial property. This Update outlines our thoughts on some of the most... 28th November 2024 · 4 mins read
UK Commercial Property Update IPF Consensus Forecasts (Nov. 24.) The latest IPF Consensus Survey was broadly unchanged from the previous forecast round. Total returns at the all-property level are forecast to be 7.7% p.a. over 2024-28, up from 7.6% p.a. previously... 27th November 2024 · 3 mins read
US Commercial Property Chart Pack US Commercial Property Chart Pack (Q4 24) All-property values are down 18% from their mid-2022 peaks. And with appraisal-based cap rates still set to tick higher, we expect further small falls in values. That should take the peak-to-trough... 25th November 2024 · 1 min read
US Housing Market Update Where are the residential construction layoffs? Residential construction employment has been performing much better than the slump in construction over the past year might have implied. We suspect that is because job losses in the new home... 25th November 2024 · 3 mins read
Europe Commercial Property Valuation Monitor Europe Commercial Property Valuation Monitor (Q4 2024) Commercial property valuations improved in all sectors in Q3 as bond yields fell, with offices and retail moving into fair value territory. However, the rise in government bond yields so far in Q4... 25th November 2024 · 0 mins read
UK Commercial Property Outlook Budget measures to weaken property recovery The fiscal loosening announced in October’s Budget means inflation and gilt yields are now set to be higher than previously expected over the next few years. And with the spread of gilt yields over... 22nd November 2024 · 26 mins read
Europe Commercial Property Chart Pack Europe Commercial Property Chart Pack (Q4 2024) Stable property yields and solid rental growth supported a second rise in prime all-property values in Q3. While there is still likely to be upward pressure on yields in some markets, property values... 21st November 2024 · 0 mins read
US Commercial Property Update Which retail cities have performed best? Retail has suffered some severe blows over the last decade, but the nadir for the sector seems to have passed and for some time we have been talking about recovery ahead, albeit a weak one. In this... 20th November 2024 · 9 mins read
UK Housing Market Chart Pack UK Housing Market Chart Pack (Nov. 2024) Our new forecast that Bank Rate will fall slower and not as far means that we now think mortgage rates will decline from 4.4% in October to 3.9% by the end of 2026, rather than to 3.5%. But we still... 20th November 2024 · 1 min read
Europe Commercial Property Update Investment to pick up but remain sluggish in 2025 The recovery in euro-zone real estate investment has been weak in 2024, with total activity in the first three quarters little changed on 2023’s near-record-lows. However, prospects for 2025 are... 20th November 2024 · 5 mins read
Europe Commercial Property Update Larger rate cuts increase the scope for property yield falls The larger and faster pace of ECB rate cuts we now expect means euro-zone government bond yields are likely to be lower in the coming years than previously forecast. This is positive for property... 19th November 2024 · 3 mins read
US Housing Market Rapid Response Housing Starts (Oct. 2024) The decline in housing starts in October was exactly as we had expected given the hit to construction in the South from recent hurricanes and should partially reverse in November. Beyond this, we... 19th November 2024 · 2 mins read
US Commercial Property Focus Silver tsunami to boost senior housing The recent downturn in US commercial property has piqued investor interest in alternatives as they look to diversify. With an aging population, senior housing has a clear long run structural demand... 18th November 2024 · 14 mins read
US Commercial Property Update Shout it from the rooftops, CRE pricing has troughed It is increasingly clear to us that pricing in all three regions we forecast has bottomed, even if appraisals are yet to reflect that in mainland Europe and the US. And although we expect recent... 14th November 2024 · 4 mins read