UK Commercial Property Update Multifamily rents set to outperform New more granular MSCI data shows that the outperformance of residential property over the past decade was primarily down to student housing. Indeed, only in the past couple of years have multifamily... 22nd April 2024 · 3 mins read
Canada Economics Weekly Modest fiscal stimulus unlikely to prevent June rate cut Budget 2024 made a bit of a splash thanks to the unexpected changes to capital gains taxes, but we do not think the new net spending measures were large enough to change the outlook for GDP growth or... 19th April 2024 · 5 mins read
US Housing Market Chart Pack US Housing Market Chart Pack (Mar. 2024) Even if mortgage rates fall to 6.5% this year as we expect, homeowners will still be discouraged from listing their home, ensuring supply remains tight. At the same time, mortgaged buyer demand should... 18th April 2024 · 1 min read
US Housing Market Rapid Response US Existing Home Sales (Mar. 2024) The fall in existing home sales in March was triggered by mortgage rates climbing back above 7% the month before. Even so, transactions remain above the trough at the end of last year, consistent with... 18th April 2024 · 2 mins read
Canada Economics Update Canada Housing Watch (Apr. 2024) The government’s policies to boost affordability for first-time buyers will have only a modest impact on demand, but they still add to our sense that house prices will rise in the coming years. While... 16th April 2024 · 4 mins read
US Housing Market Rapid Response US Housing Starts (Mar. 2024) Housing starts weren’t able to build on the strong performance of the previous month in March, falling by the largest monthly amount since April 2020 in the early days of the pandemic. Although some... 16th April 2024 · 2 mins read
Canada Economics Weekly Budget unlikely to move the needle for interest rates Finance Minister Chrystia Freeland’s pledge to create the conditions needed for lower interest rates means the government is unlikely to announce much new near-term spending in Budget 2024 next week... 12th April 2024 · 6 mins read
Australia & New Zealand Economics Weekly RBNZ still on track to cut rates in August Although the RBNZ toned down its hawkish bias at its meeting this week, markets seem to be worried the Bank will take its cue from the Fed and keep rates higher for longer. However, with domestic... 12th April 2024 · 5 mins read
UK Housing Market Update Credit Conditions Survey (Q1 2024) Demand for mortgage credit jumped in Q1 in response to the drop in mortgage rates over the second half of 2023. But a rise in financial market interest rates this week, due to higher-than-expected... 1st February 2025 · 3 mins read
UK Commercial Property Focus Residential will continue to outperform Residential has taken an increasing share of the professional investment universe over the last decade or more and we will be adding the sector to our next set of UK commercial property forecasts. Our... 11th April 2024 · 18 mins read
Australia & New Zealand Chart Pack Australia & New Zealand Chart Pack (Apr. 2024) Our Australia and New Zealand Chart Pack has been updated with the latest data and our analysis of recent developments. The minutes of their most recent meetings revealed that the RBA and the RBNZ... 11th April 2024 · 1 min read
UK Housing Market Update UK RICS Residential Market Survey (Mar. 24) Cautious optimism from surveyors on prices and activity The slight increase in the balances for past prices and new buyer enquiries in the RICS Residential Market Survey for March showed that demand... 11th April 2024 · 3 mins read
UK Housing Market Update How much should we read into the collapse in starts? The further slump in housing starts in Q4 was a surprise, but timelier data and leading indicators suggest activity has since begun to recover. We are therefore happy with our forecast of a gradual... 5th April 2024 · 2 mins read
UK Commercial Property Rapid Response S&P Global/ CIPS UK Construction PMI (Mar. 24) The headline CIPS construction PMI rose to 50.2 in February, the first time it has risen above the no change level since August last year. The rise was driven small improvements across the housing... 5th April 2024 · 1 min read
UK Housing Market Rapid Response UK Halifax House Prices (Mar. 24) The first decline in the Halifax House price Index in six months confirmed that the slight rise in mortgage rates since the start of the year has caused house prices to stall. 5th April 2024 · 2 mins read
US Commercial Property Apartment Metros Outlook Houston climbs to the top of the apartment rankings We expect a surge in completions and a slowdown in employment growth to push vacancy higher in most of our 17 metros over the next year or so. Atlanta and Houston are two key exceptions to this rule... 4th April 2024 · 7 mins read
