UK Housing Market Rapid Response UK Halifax House Prices (Dec. 2025) The 0.6% m/m fall in the Halifax measure of house prices in December was the biggest monthly fall since August 2023, chimes with the 0.4% m/m fall in the Nationwide release last week and confirms that... 8th January 2026 · 3 mins read
UK Commercial Property Rapid Response S&P Global/CIPS UK Construction PMI (Dec. 25) The slight rise in the headline CIPS construction PMI in December 2025 to 40.1, from 39.4 in November, left the index firmly in contractionary territory. The rise was driven entirely by an improvement... 7th January 2026 · 1 min read
UK Housing Market Update House price growth to beat the consensus forecast in 2026 Lower inflation, lower interest rates, continued tight supply of new homes and the prospect of more high loan-to-income mortgage lending means we think annual house price growth will accelerate from 1... 6th January 2026 · 3 mins read
US Commercial Property Apartment Metros Outlook D.C. & Miami remain bottom of the apartment rankings The apartment market appears to have turned a corner, with the national vacancy rate stabilizing in recent quarters as new supply moderates, which we expect will restore some pricing power to building... 6th January 2026 · 7 mins read
UK Economics Rapid Response UK Money & Lending (Nov. 2025) November’s money and lending figures suggest that while the pre-Budget speculation about tax rises had little influence on households’ borrowing decisions, they were inclined to save a bit more. 5th January 2026 · 3 mins read
Japan Economics Update Bank of Japan isn’t falling behind the curve just yet We aren’t convinced that the Bank of Japan is falling behind the curve despite the recent acceleration in bank lending. Nonetheless, there are few signs that BoJ rate hikes are resulting in tighter... 5th January 2026 · 3 mins read
UK Housing Market Rapid Response UK Nationwide House Prices (Dec. 2025) December’s 0.4% m/m decline in Nationwide house prices rounds off a tough year for the housing market and suggests the combination of still-high mortgage rates and weak employment are still weighing... 2nd January 2026 · 3 mins read
Australia & New Zealand Economics Update Australia’s housing rally will soon slow in earnest Australia’s house price rally lost some steam in December and if we’re right that the Reserve Bank of Australia will lift interest rates as soon as February this slowdown has further to run. 2nd January 2026 · 3 mins read
US Housing Market Rapid Response US Case-Shiller/FHFA House Prices (Oct. 2025) The healthy 0.3% m/m rise in house prices in October adds to evidence that the housing market has regained some momentum following the 75bp fall in mortgage rates earlier this year. Prices are now on... 30th December 2025 · 2 mins read
US Housing Market Rapid Response US Existing Home Sales (Nov. 2025) Existing home sales rose to a nine-month high of 4.13m annualised in November and should climb further in the coming months, as deals agreed when borrowing costs fell in the third quarter continue to... 19th December 2025 · 2 mins read
Canada Economic Outlook Soft growth to keep Bank on pause in 2026 The labour market has bounced back from the US tariff shock, but uncertainty over CUSMA and lower immigration will hold back GDP growth, which we expect to average 1.2% in 2026 and 1.5% in 2027. Lower... 18th December 2025 · 14 mins read
UK Housing Market Chart Pack UK Housing Market Chart Pack (Dec. 2025) While housing activity and prices have been resilient to uncertainty ahead of the Budget and the subdued economic backdrop, there are few signs of a post-Budget rebound in buyer sentiment. If... 17th December 2025 · 1 min read
Canada Economics Update Canada Housing Watch (Dec. 2025) The housing market weakened in November, with sales activity and house prices both recording declines. Even so, the further improvement in the sales-to-new-listing ratio raises our confidence that... 15th December 2025 · 4 mins read
UK Commercial Property Update What does the Budget mean for UK commercial property? With our 10-year gilt yield forecast unchanged and the impact of changes to business rates broadly revenue neutral over the next five year years, we are not changing are commercial property forecasts... 11th December 2025 · 4 mins read
Canada Chart Pack Canada Chart Pack (Dec 2025) We expect GDP growth to average around 1% annualised over the next four quarters as household spending, investment and exports all remain subdued, while the latest budget won’t provide much short-term... 11th December 2025 · 1 min read
UK Housing Market Update UK RICS Residential Market Survey (Nov. 2025) Despite three quarters of the survey responses being gathered after the Budget, November’s RICS survey suggests buyer sentiment fell further in November even though actual housing activity and prices... 11th December 2025 · 3 mins read
