US Housing Market Update Housing market insulated from banking crisis The latest mortgage market data show that the banking crisis has, so far, had a minimal impact on the housing market. While spreads have increased, overall mortgage rates have dropped and applications... 30th March 2023 · 3 mins read
UK Housing Market Chart Book Downturn moderates, but outlook remains challenging The partial reversal of the spike in mortgage rates following the “mini” budget has helped to stem the deterioration in housing market demand. Our measure of the average quoted mortgage rate has... 30th March 2023 · 10 mins read
UK Commercial Property Data Response Lending to commercial property (Feb.) Net lending to property turned negative in February, as investors held back in the face of falling capital values. But the decline was small and even though the recent banking crisis will lead to some... 29th March 2023 · 3 mins read
UK Housing Market Data Response Mortgage Lending (Feb.) Reflecting the partial unwinding of the spike in mortgage rates following the “mini” budget, mortgage approvals rose to their highest level for three months in February. However, with mortgage rates... 29th March 2023 · 3 mins read
UK Housing Market Update What do bank troubles mean for UK mortgage lending? Bank failures have had only a modest impact on UK banks’ wholesale funding costs to date, reflecting an assessment that lenders are in good health which we think seems fair. Greater investor scrutiny... 24th March 2023 · 3 mins read
US Commercial Property Update Regional banks’ CRE exposure to weigh on lending US regional banks’ higher exposure to CRE debt means we expect their struggles to weigh heavily on credit availability for commercial real estate investors. Even without building in second round... 23rd March 2023 · 3 mins read
Event Property Drop-In: What are the risks around commercial real estate? 1680015600 A degree of calm has returned to markets, but investors remain nervous about where the next blow-up could occur – and attention is increasingly focused on commercial real estate.
UK Commercial Property Update How much of a risk does UK CRE debt pose? The UK commercial real estate (CRE) debt market seems to be in a better position than the US, where troubled regional banks were the main providers of finance. That said, credit conditions are also... 22nd March 2023 · 3 mins read
US Commercial Property Update Initial US real estate takeaways from the bank collapses The direct impact on real estate of the collapse of two US regional banks over the weekend is likely to be relatively small. But we expect lending criteria to become more cautious in the short-term... 16th March 2023 · 4 mins read
UK Housing Market Data Response Mortgage Lenders and Administrators Return (Q4 22) The detailed mortgage lending data for Q4 showed a slump in demand, as rising mortgage rates began to bite. The latest MLAR data confirmed the sharp turnaround in market conditions and suggest that... 14th March 2023 · 2 mins read
US Commercial Property Data Response Commercial Property Lending (Feb.) Net commercial real estate lending ticked up in February following a slowdown the month prior. That said, monthly lending activity across all sectors remained below the average for 2022. With January... 13th March 2023 · 2 mins read
US Housing Market Data Response Mortgage Applications (Feb.) Stronger-than-expected economic data led to a resurgence in mortgage rates in February, which put a stop to a tentative recovery in mortgage applications for home purchase. This points to sales... 1st March 2023 · 2 mins read
UK Commercial Property Data Response Lending to commercial property (Jan.) Net lending to property was once again positive in January, even as commercial property investment collapsed in the final quarter of last year. Investors may be preparing to re-enter the market and... 1st March 2023 · 3 mins read
UK Housing Market Data Response Mortgage Lending (Jan.) The spike in mortgage rates in October and November last year ensured that mortgage approvals remained at a similar level to the depths of the 2007-09 financial crisis in January. That could mark the... 1st March 2023 · 3 mins read
UK Housing Market Update Buyers respond to higher rates by borrowing less Higher interest rates have begun to reduce the size of mortgage that buyers take out. As two-thirds of buyers rely on a mortgage, that will decrease most buyers’ budgets and put further downward... 23rd February 2023 · 3 mins read
Middle East Economics Weekly Dubai GRE debts, Tunisia’s IMF deal, Saudi real estate Dubai’s economic backdrop has improved markedly in the past year or so and has provided government-related entities with room to breathe in the face of large debt repayments this year, including a $5... 16th February 2023 · 6 mins read
