UK Housing Market Outlook Weak fundamentals keep lid on housing activity While the decisive election result could lead to a modest increase in housing demand over the next couple of years, we doubt that this will translate into a substantive pick-up in transactions or... 23rd January 2020 · 28 mins read
UK Housing Market Data Response RICS Residential Market Survey (Dec.) Despite the RICS data pointing to a jump in active demand and supply in December, we doubt that will translate into a substantive increase in either transactions or house price growth this year... 16th January 2020 · 2 mins read
UK Housing Market Chart Pack London Housing Chart Book: Downward price pressures ease in London Downward price pressures in London have eased, driven by a slump in homes coming up for sale. But with house prices high and mortgage interest rates close to their floor, that is unlikely to drive a... 20th December 2019 · 7 mins read
Non-Euro Europe Commercial Property Outlook Weaker outlook for occupier demand A weaker outlook for bond yields in Scandinavia and Switzerland means that falls in office and industrial yields are likely to extend into 2021. However, with rental prospects weak and yields rising... 13th December 2019 · 33 mins read
UK Housing Market Data Response RICS Residential Market Survey (Nov.) November’s survey data support our view that the housing market will struggle to gain any upward momentum next year. After all, with house prices high and mortgage interest rates unable to fall much... 12th December 2019 · 2 mins read
UK Commercial Property Update Potential upside for office rental value growth Given that employment growth has probably peaked, we expect office occupier demand to slow further over the next year or so, which will act as a drag on rental value growth. But the labour market may... 5th December 2019 · 3 mins read
Europe Commercial Property Outlook Lower yields to support capital values We expect a further slowdown in euro-zone economic growth in 2020 to weigh on rental growth. However, with interest rates set to be cut next year and remain at this low level, there isn’t likely to be... 5th December 2019 · 30 mins read
UK Housing Market Data Response Mortgage Lending (Oct.) House purchase mortgage approvals fell sharply in October. Looking ahead, even if uncertainty were to lift at the start of next year, the housing market fundamentals do not support a pick-up in... 29th November 2019 · 2 mins read
UK Housing Market Update Election 2019: are social housebuilding plans realistic? With housebuilders already close to capacity, the sector will struggle to sustain a further surge in output. As a result, if elected, we think Labour would likely to miss their manifesto commitment to... 22nd November 2019 · 3 mins read
Non-Euro Europe Commercial Property Chart Pack Low rates supportive of further yield compression Despite the softness in economic activity, occupier demand generally held up in Q3. And while there are signs that the cyclical slowdown in the euro-zone is starting to hit CEE markets, given their... 15th November 2019 · 9 mins read
UK Housing Market Data Response RICS Residential Market Survey (Oct.) Against the uncertain political backdrop and with the economy weakening, the RICS survey data point to a weak near-term outlook for the housing market. Indeed, with house prices already very high and... 14th November 2019 · 2 mins read
UK Commercial Property Outlook Returns to remain soft Regardless of the outcome of the election and Brexit, we expect all-property returns to be weak over coming years. Indeed, even if a deal is secured and economic growth picks up, we expect weakness in... 13th November 2019 · 25 mins read
Europe Commercial Property Update Gloomy outlook for German retail rents Although occupier demand appears to be holding up in Germany, a combination of structural and cyclical factors has weighed on retail rents. And with meagre economic growth expected until at least the... 6th November 2019 · 3 mins read
UK Commercial Property Chart Pack Rising yields more than offset improvement in rents This rise in all-property rental value growth in September was not enough to prevent capital values falling on an annual basis for the fifth consecutive month. The fact that the chance of a no deal... 25th October 2019 · 7 mins read
UK Housing Market Outlook Limited scope for housing market recovery Regardless of what happens with Brexit in the months ahead, a revival in the owner occupier housing market is unlikely. Even if a Brexit deal is agreed soon, we expect to see only a small improvement... 24th October 2019 · 29 mins read
UK Commercial Property Update Soft tourism to weigh on the hotel sector We expect weak global growth to keep a lid on UK tourist flows. And with yields most likely to continue to rise, hotel capital values are likely to fall over the next few years. 18th October 2019 · 3 mins read
