Europe Commercial Property Update French industrial rent prospects slip down the rankings Slowing economic growth and rising availability will hold back French industrial rental growth this year, with affordability concerns likely to be an additional drag in Paris. This will leave the... 15th January 2025 · 3 mins read
UK Commercial Property Update Drop in foreign students a small risk for PBSA rents At first glance the 24% y/y drop in sponsored study visas in Q3 2024 spells bad news for PBSA rents. But the cause of that drop - new rules banning international students from bringing dependents -... 14th January 2025 · 3 mins read
US Housing Market Outlook Sales slump to drag into 2025 The potentially inflationary policy mix of the incoming Trump administration will limit the decline in mortgage rates this year, squashing hopes for a major recovery in home sales. We expect... 8th January 2025 · 14 mins read
Europe Commercial Property Update Our key calls for 2025 Against a backdrop of lower interest rates and weak economic growth in much of Europe, we think the recovery in property values will continue at a gradual pace in 2025. Our forecast for euro-zone... 8th January 2025 · 3 mins read
US Commercial Property Apartment Metros Outlook Atlanta, Dallas, Houston and Phoenix to lead the way Our apartment metro forecasts continue to show significant variation between metros, even within regions. For example, while we expect continued strong demand growth in the South – especially in... 23rd December 2024 · 7 mins read
US Commercial Property Office Metros Outlook Expect huge divergence in performance between metros We expect there will continue to be major divergence between the winning and losing metros. We think the major markets and tech-centric western markets will continue to fare poorly thanks to low... 19th December 2024 · 7 mins read
UK Commercial Property Chart Pack UK Commercial Property Chart Pack (Dec. 24) The fiscal loosening announced in October’s Budget means inflation and gilt yields are now set to be higher than previously expected over the next few years. That will limit yield compression, and the... 19th December 2024 · 1 min read
UK Housing Market Chart Pack UK Housing Market Chart Pack (Dec. 2024) The sharp rise in transactions in October and the acceleration in house price growth in November suggest some relief rally or pent-up demand after the Budget is more than offsetting the recent rises... 17th December 2024 · 1 min read
UK Commercial Property Update What happens if gilt yields don’t fall back? Our forecast that commercial real estate is set for a modest recovery is dependent on our view that a decline in gilt yields will help stabilise property yields. But if interest rates don’t fall back... 11th December 2024 · 4 mins read
US Commercial Property Chart Pack US Commercial Property Chart Pack (Q4 24) All-property values are down 18% from their mid-2022 peaks. And with appraisal-based cap rates still set to tick higher, we expect further small falls in values. That should take the peak-to-trough... 25th November 2024 · 1 min read
UK Commercial Property Outlook Budget measures to weaken property recovery The fiscal loosening announced in October’s Budget means inflation and gilt yields are now set to be higher than previously expected over the next few years. And with the spread of gilt yields over... 22nd November 2024 · 26 mins read
Europe Commercial Property Chart Pack Europe Commercial Property Chart Pack (Q4 2024) Stable property yields and solid rental growth supported a second rise in prime all-property values in Q3. While there is still likely to be upward pressure on yields in some markets, property values... 21st November 2024 · 0 mins read
UK Housing Market Chart Pack UK Housing Market Chart Pack (Nov. 2024) Our new forecast that Bank Rate will fall slower and not as far means that we now think mortgage rates will decline from 4.4% in October to 3.9% by the end of 2026, rather than to 3.5%. But we still... 20th November 2024 · 1 min read
US Housing Market Update Trump win puts brakes on housing recovery While Trump has vowed to lower mortgage rates to 3%, we expect the net effect of his policies to have the opposite effect, keeping borrowing costs higher for longer. With that in mind, we are changing... 14th November 2024 · 5 mins read
UK Commercial Property Update RICS survey highlights uneven nature of recovery The Q3 RICS commercial survey painted a somewhat mixed picture of the market. There was a slight improvement in investment and capital value expectations, but rental expectations were revised down... 31st October 2024 · 3 mins read
UK Commercial Property Chart Pack UK Commercial Property Chart Pack (Oct. 24) Capital values are now recovering and, notwithstanding a recent rise in interest rates, will continue to do so. However, with not much prospect for yield compression the recovery will be weak by past... 24th October 2024 · 1 min read
