US Commercial Property Data Response US Metro Employment (Jan.) January was an especially strong month for payrolls data, and this translated into positive employment growth across all 30 of the biggest metros. However, this was not the case for office-based jobs... 17th March 2023 · 2 mins read
Nordic & Swiss Economics Update Property slump leading Sweden into recession Swedish house prices have fallen 18% from their peak and could drop by a further 5% or so from here. This should not cause significant financial stability problems but will be a major drag on economic... 21st February 2023 · 4 mins read
US Housing Market Update Demographics to boost homeownership in 2024 There are growing signs that stretched affordability is weighing on homeownership, particularly for the under 35s. We expect this to persist in the coming quarters. But there is a large pool of young... 17th February 2023 · 3 mins read
US Housing Market Outlook Slow recovery in sales and further falls in prices Housing market activity is likely to recover only gradually from its current lows, which means we think 2023 will be the weakest year for sales since 2012. Affordability will remain stretched by past... 10th February 2023 · 18 mins read
US Commercial Property Data Response US Metro Employment (Dec.) Despite the solid payrolls data for December, there was a clear softening in employment growth in several large metros. But those that have performed the best since the pandemic continue to outperform... 1st February 2023 · 3 mins read
UK Commercial Property Chart Book Capital value falls to ease in 2023 Yields have continued to surprise on the upside, with the all-property equivalent yield rising by 106bps in the three months to December. That matches the worst months of the GFC, and even though... 27th January 2023 · 8 mins read
US Housing Market Chart Book Signs of a trough in housing demand There are growing signs that housing market activity may be close to a trough. The decline in mortgage rates over the past couple of months has led to a small improvement in affordability and a rise... 12th January 2023 · 9 mins read
Event Property Drop-In: How bad will it get for the UK and euro-zone in 2023? 17th January 2023, 9AM GMT After post-pandemic property rallies hit the skids last year, what will 2023 bring for UK and euro-zone markets?
US Housing Market Update Demand for all housing tenures to drop back Our forecast for a drop in house prices means renting looks a better option than buying for any holding period under 10 years. While this will encourage some potential buyers to rent instead, we doubt... 2nd December 2022 · 3 mins read
Event Drop-In: UK house prices go over the edge – how far will they fall? 1st December 2022, 10AM GMT Chief Property Economist Andrew Burrell and Andrew Wishart, who leads our UK housing coverage, held a briefing on the shape of the coming downturn in the UK housin
US Commercial Property Data Response RICS Commercial Market Survey (Q3) The RICS Q3 survey indicated confidence has continued to fall from last quarter, as occupier sentiment turned negative for the first time in 2022. With a US recession looking likely early next year... 27th October 2022 · 2 mins read
UK Commercial Property Data Response RICS Commercial Property Market Survey (Q3) The slowing economy and cost-of-living crisis are now having a clear impact on occupier demand, with surveyors reporting the first drop since the start of 2021. That has fed through to rent and... 27th October 2022 · 3 mins read
US Housing Market Chart Book House prices begin to fall A deterioration in the economic outlook and renewed rise in mortgage rates to a 16-year high in September means the housing market is set for a further slowdown. We estimate that mortgage payments as... 14th October 2022 · 10 mins read
UK Commercial Property Update How concerning are property fund outflows? In response to a surge in withdrawals as pension funds rushed to secure cash to meet margin calls, several property funds implemented restrictions to prevent the need for a fire-sale of assets. To... 11th October 2022 · 3 mins read
US Commercial Property Update Falling rent-frees do not point to an office recovery REIS data show rent-free periods dropped back in the first half of the year, hinting at a tightening market. But with occupiers still rationalising their office portfolios, we expect vacancy to tick... 6th October 2022 · 5 mins read
US Housing Market Data Response Mortgage Applications (Sep.) The sixth consecutive month of falling home purchase activity in September was driven by a sharp rise in mortgage rates to 6.75% at the end of the month. With a significant easing in credit conditions... 5th October 2022 · 2 mins read
