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
US Housing Market Data Response New Home Sales (Jul.) New home sales dropped sharply again in July on the back of rising mortgage rates. Stretched affordability will continue to weigh on housing market activity over the second half of the year. We now... 23rd August 2022 · 2 mins read
UK Commercial Property Outlook Cost-of-living crisis to weigh on property returns Surging inflation and the upcoming recession will cut real household disposable incomes, which are set to see their largest fall on record. That drop in spending power will hit demand for all property... 23rd August 2022 · 29 mins read
US Commercial Property Chart Pack Property yields set to rise in H2 As the economy slowed in Q2 and interest rates rose, investors appear to have become less willing to compete property yields lower and investment volumes look close to turning. While occupier demand... 22nd August 2022 · 10 mins read
Europe Commercial Property Chart Pack Strong rental rises, but jump in yields weighs on values While quarterly rental rises surprised on the upside in Q2, property yields also rose sooner than expected. This meant all-property capital values barely grew on the quarter and slowed to around 5% y... 22nd August 2022 · 9 mins read
US Housing Market Data Response Existing Home Sales (Jul.) Higher mortgage rates led to another fall in existing home sales in July, which are now down by 26% from their peak in January. We expect a further fall of close to 5% by end-2022 to 4.6m annualised... 19th August 2022 · 2 mins read
