UK Commercial Property Update Retail rental growth pessimism appears misplaced The consensus is still downbeat on the outlook for retail rents, with growth expected to underperform even the struggling office sector. But with a decent consumer recovery on the horizon we think... 2nd July 2024 · 3 mins read
US Commercial Property Office Metros Outlook Southern metros set to outperform The office sector faces another two years of value falls, led down by Seattle and San Francisco, where cumulative declines will be around 25%-30%. But our latest forecasts highlight the brighter spots... 20th June 2024 · 7 mins read
UK Commercial Property Outlook Residential outperforms within a modest recovery Capital values for most property sectors are now close to bottoming out, but with yields set for a period of stability the recovery will be modest by past standards. We expect all-property total... 30th May 2024 · 27 mins read
UK Housing Market Chart Pack UK Housing Market Chart Pack (May 2024) The tick up in mortgage rates since the start of the year has caused demand to soften. As a result, house prices are likely to tread water over the coming months. But our forecast that Bank Rate will... 29th May 2024 · 1 min read
US Commercial Property Chart Pack US Commercial Property Chart Pack (Q2 24) Weak investment activity and continuing cap rate rises in Q1 fit with our view for another tough year for real estate. All-property values are now down by 17% from their mid-2022 peaks. But we still... 22nd May 2024 · 1 min read
Europe Commercial Property Chart Pack Europe Commercial Property Chart Pack (Q2 2024) Smaller property yield rises and still-solid rental growth left all-property capital values little changed in Q1, a notable improvement on the sharp falls seen since mid-2022. However, we think... 22nd May 2024 · 0 mins read
US Housing Market Update Latest data offer little optimism for apartment rents The latest apartment rent data are consistent with our view that rental growth will be sluggish this year. Although single-family rent growth has fared better, we suspect it will soon start to slow... 21st May 2024 · 2 mins read
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 Commercial Property Update Residential rental growth to outperform The Q1 RICS commercial survey provided further evidence that occupier demand has turned the corner, with demand ticking up in the industrial and office sectors. But with availability still elevated... 25th April 2024 · 3 mins read
London Housing Markets Chart Pack London Housing Chart Pack (Q2 2024) House price growth in London remains negative according to the ONS, but timelier measures of house prices and sentiment suggest that activity has picked up and prices are regaining momentum. The... 25th April 2024 · 1 min read
UK Commercial Property Chart Pack UK Commercial Property Chart Pack (Apr. 24) All-property yields have been broadly stable since the start of the year. Higher-than-expected interest rates mean yields may see a further small rise over the next few months, but we still think they... 24th April 2024 · 1 min read
Europe Commercial Property Update Expect subpar rental performance in Germany While rental performance in German commercial property markets has been relatively solid given the country’s poor economic performance over the past five or so years, we think this is set to end. 16th April 2024 · 3 mins 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... 10th April 2024 · 3 mins read
US Commercial Property Update Consensus still moving in our direction The latest consensus figures have moved closer to our own total returns forecasts for the next three years. But they continue to expect a lower path for Treasury yields implying a smaller cap rate... 9th April 2024 · 3 mins read
US Commercial Property Office Metros Outlook Value falls of 25% still to come in worst-hit markets Our latest office metro forecasts highlight a continued divergence between southern metros and the western and major markets. That difference in performance will be driven by a smaller hit to demand... 8th April 2024 · 7 mins read
UK Commercial Property Update The economic outlook and industrial rents The drivers of industrial rental growth were turned on their head during the pandemic, but we expect the pre-COVID-19 relationships will soon be reestablished. That points to consumer spending as an... 26th March 2024 · 3 mins read
