UK Commercial Property Data Response S&P Global/CIPS Construction PMI (Nov.) As expected, the headline CIPS construction index retreated in November as falling demand outweighed the benefit of easing prices and an increase in the availability of contractors. As the recession... 6th December 2022 · 2 mins read
Event Drop-In: UK house prices go over the edge – how far will they fall? 1669888800 Chief Property Economist Andrew Burrell and Andrew Wishart, who leads our UK housing coverage, held a briefing on the shape of the coming downturn i
Non-Euro Europe Commercial Property Chart Pack Emerging Europe: Capital values fall in most of CEE Property yield rises stepped up in Q3, causing all-property capital values to fall on a quarterly basis in the CEE markets except for Bucharest. This was despite solid office and industrial rental... 23rd November 2022 · 5 mins read
US Commercial Property Chart Pack Capital value falls set to accelerate The sharp rise in Treasury yields this year has finally begun to feed through to the property data. Q3 investment activity fell by more than 20% on both a q/q and y/y basis, with loan originations... 22nd November 2022 · 10 mins read
Non-Euro Europe Commercial Property Chart Pack Scandinavia & Switzerland: Property yields jump Prime property yields rose significantly in Q3. This caused a sharp slowdown in capital value growth, even though rental growth was solid in the Scandinavian office and industrial sectors. Stockholm... 22nd November 2022 · 5 mins read
Japan Chart Pack Surging inflation won’t last Headline inflation shot up to 3.7% y/y in October, the strongest since December 1990 while inflation excluding fresh food and energy rose from 1.8% to 2.5%. Although this puts inflation well above the... 21st November 2022 · 11 mins read
US Housing Market Data Response Existing Home Sales (Oct.) A renewed rise in mortgage rates led to the largest month-on-month decline in existing home sales since February. As the impact of higher rates continues to feed through in the coming months, we... 18th November 2022 · 2 mins read
Europe Commercial Property Chart Pack Sharpest fall in all-property values since 2009 Q1 Higher interest rates and a weaker outlook for economic activity led to a more significant rise in property yields in Q3. While quarterly rental rises remained solid, particularly for offices and... 18th November 2022 · 9 mins read
Europe Commercial Property Update European investment slowdown intensifying An acceleration of the slowdown in European commercial property investment in Q3 is evidence that economic growth concerns, higher interest rates and tightening credit standards are weighing heavily... 28th October 2022 · 3 mins read
UK Commercial Property Update How concerning are property fund outflows? In response to a surge in withdrawals as pension funds rushed to secure cash to meet margin calls, several property funds implemented restrictions to prevent the need for a fire-sale of assets. To... 11th October 2022 · 3 mins read
Europe Commercial Property Update Italian investment to drop back in the coming quarters While the market reaction to the Italian election was muted, we think that the worsening economic outlook and concerns about debt sustainability will result in increased risk aversion toward Italian... 28th September 2022 · 3 mins read
US Housing Market Data Response Case-Shiller/FHFA & New Home Sales (Jul./Aug.) The fall in prices reported by the FHFA in July supports our view of a sustained decline over the next 12 months. With mortgage rates rising to above 6% in September, we think it is only a matter of... 27th September 2022 · 2 mins read
London Housing Markets Chart Pack Pandemic trends intact as outlook darkens London house prices and transactions have proven resilient to the headwinds of the cost-of-living crisis and rising mortgage rates so far. House price growth in London rose to 7.2% y/y in Q2, the... 13th September 2022 · 7 mins read
US Housing Market Chart Pack House price growth expectations turn negative Stretched affordability continued to weigh on housing market activity in July and August, leaving mortgage applications for home purchase down by 40% from their high in January. A renewed rise in... 9th September 2022 · 12 mins read
Non-Euro Europe Commercial Property Chart Pack Scandinavia & Switzerland: The property cycle turns The Nordic and Swiss economies performed relatively well in Q2, while prime rents showed further rises in Scandinavian office and industrial markets. However, the economic outlook has darkened, which... 26th August 2022 · 5 mins read
Non-Euro Europe Commercial Property Chart Pack Emerging Europe: Yield rises start to weigh on values Higher interest rates and a weaker economic and property outlook contributed to a rise in all-property yields in Q2. While office and industrial rents still made solid gains, this increase in yields... 25th August 2022 · 5 mins read
