UK Housing Market Update Is renting becoming the preserve of the rich? High net migration has led to a big jump in demand for rental properties that has pushed up the cost of rent compared to the average salary. But comparing rents to average pay is not as accurate a... 13th May 2024 · 4 mins read
UK Economics Weekly No need to panic about a US-style surge in GDP (yet) The 0.6% q/q rise in GDP in Q1 was the largest quarterly rise since Q4 2021 and has triggered fears that the UK could be heading for a US-style surge in GDP growth that prevents inflation from... 10th May 2024 · 5 mins read
UK Commercial Property Valuation Monitor UK Commercial Property Valuation Monitor (Q1 24) A combination of a further rise in property yields and fall in alternative asset yields drove an improvement in property valuations in Q1. The more recent rise in risk-free rates implies that... 10th May 2024 · 0 mins read
UK Economics Rapid Response UK GDP (Mar. & Q1 2024) The 0.6% q/q rise in GDP in Q1 confirmed that the recession ended at the start of this year and suggests the economy has been gathering momentum more quickly than we had anticipated. This raises the... 10th May 2024 · 3 mins read
Capital Daily Scope for Gilt yields and sterling to fall further Policymakers at the Bank of England (BoE) are edging closer to easing policy, and we still think they will cut Bank Rate by more than widely anticipated. In turn, we expect this will weigh on Gilt... 9th May 2024 · 4 mins read
UK Economics Update BoE may cut rates in June and reduce them to 3.00% next year While leaving interest rates at 5.25% today as widely expected, the Bank of England gave the impression that it is close to cutting interest rates and also hinted that rates may need to fall further... 9th May 2024 · 4 mins read
UK Economics Rapid Response Bank of England Policy Announcement (May 2024) While leaving interest rates at 5.25% today as widely expected, the Bank of England gave the impression that it is close to cutting interest rates and also hinted that rates may need to fall further... 9th May 2024 · 3 mins read
UK Housing Market Update RICS Residential Market Survey (April 2024) Increasing supply points to softer price growth While sales volumes were robust in April according to the RICS Residential Market Survey, stalling demand and increasing supply suggests that prices... 9th May 2024 · 2 mins read
UK Economics Chart Pack UK Economics Chart Pack (May 2024) While regular private sector wage growth in February and services CPI inflation in March were both a bit higher than the Bank of England had expected, we still think that the flatlining of the economy... 8th May 2024 · 1 min read
Europe Commercial Property Update Luxury rental growth to outperform mass market retail The rebound in prime retail rents is set to wane this year. But we think prime rents on luxury high streets will continue to outperform those of mass markets in the coming years. 7th May 2024 · 3 mins read
UK Commercial Property Rapid Response S&P Global/ CIPS UK Construction PMI (Apr. 24) The headline CIPS construction PMI rose for the fifth consecutive month to 53.0 in April, a 14-month high. The rise was driven by improvements to the commercial and civil engineering components... 7th May 2024 · 2 mins read
UK Economics Weekly OECD too gloomy, rebound in job vacancies fleeting Our forecast that CPI inflation will fall further than most expect explains why we think the OECD’s recent take on the UK economy is too gloomy. And while the recent rebound in job vacancies could... 3rd May 2024 · 8 mins read
UK Commercial Property Focus What office types will emerge strongest? The revolution in remote work has not been kind to the office sector. But smaller, higher quality offices have performed relatively well over the past couple of years. With fewer workers in the office... 2nd May 2024 · 17 mins read
BoE Watch Could the BoE tee up a June rate cut? The Bank of England will almost certainly leave interest rates at 5.25% on Thursday 9th May and we suspect it will imply it’s still not quite ready to cut rates. That said, there’s a chance it instead... 2nd May 2024 · 9 mins read
UK Housing Market Rapid Response Nationwide House Price Index (Apr. 2024) The second consecutive decline in the Nationwide house price index in April confirms that the rise in mortgage rates since the start of the year will prevent further near-term price gains. But as we... 1st May 2024 · 2 mins read
