Global Commercial Property Update APAC property to underperform globally Poor performance in the US and APAC property markets is set to drag on the global recovery over the next few years. While strong economic fundamentals argue for a material improvement in total returns... 10th July 2025 · 3 mins read
Europe Commercial Property Update Portuguese retail to lead the euro-zone We anticipate further yield falls for prime Portugal retail assets over the rest of the year. And with robust economic fundamentals and a solid rental outlook we forecast Portugal to be one of the... 9th July 2025 · 3 mins read
Climate Economics Update The changing face of the global tourism market Somewhat paradoxically, climate-driven shifts in tourist patterns could help to smooth the seasonal peaks seen in summer destinations, and some countries – particularly in northern Europe – will... 1st July 2025 · 3 mins read
Europe Commercial Property Update Why we still predict Paris office rents to grow by more than the consensus Despite a sluggish economic backdrop and rising vacancy rates in the wider Paris office market, we continue to believe that prime office rental growth will be stronger than the consensus expects. This... 27th June 2025 · 3 mins read
Europe Commercial Property Update Swiss prime property values to recover sooner than most A comparatively attractive spread over risk-free rates and solid investor sentiment mean there is scope for Swiss prime property yields to fall further than in most other European markets this year... 26th June 2025 · 3 mins read
Middle East & North Africa Economics Update Israel’s strikes on Iran: assessing the macro impact The overnight strikes by Israel on Iran mark a major escalation in the conflict in the region and, with the oil market tighter than it was a few months ago, the risks to oil prices look more balanced... 13th June 2025 · 6 mins read
Europe Commercial Property Update Will office rents in Bucharest and Budapest continue to underperform? Having lagged over the past year, the improving economic backdrop should support office demand in Bucharest and Budapest in the coming few years. However, while we think high vacancy rates will limit... 12th June 2025 · 3 mins read
Europe Commercial Property Update Dublin offices at a turning point, though tariff risks remain While tariff risks remain, the recent improvement in demand and weaker supply pipeline suggest the Dublin office market has reached a turning point. However, we don’t expect prime rental growth to... 4th June 2025 · 3 mins read
Global Economics Update The implications of the US court ruling on tariffs In this Update, we answer several key questions about how the US Court of International Trade tariff ruling might affect the US and other economies. The outlook may now rest on the decision of the... 29th May 2025 · 7 mins read
Europe Commercial Property Update Residential in the UK and the Netherlands to outperform European residential property outperformed all-property for the third consecutive year in 2024 and our updated forecasts suggest that this will continue over the coming five years. Returns were... 27th May 2025 · 3 mins read
Europe Commercial Property Update Frankfurt rent surge will not stop a wider slowdown German office rents made stronger than expected gains in 2025 Q1. But not all markets were moving in line, with Frankfurt’s buoyancy a stark contrast to other cities. While that suggests risks remain... 20th May 2025 · 6 mins read
Europe Commercial Property Update CE below consensus on prime office rent outlook There is broad agreement amongst forecasters that prime rental growth will slow over the next couple of years. However, we think the slowdown could be sharper than the consensus expects, especially if... 14th May 2025 · 3 mins read
Global Economics Update Global Trade Stress Monitor To cut through the noise surrounding tariff impacts, we’ve pinpointed seven key stages in the global trade cycle – tracking in real time how each is responding to tariffs. This tool helps clients... 13th May 2025 (Updated 8th July 2025) · 0 mins read
Europe Commercial Property Update Euro-zone investment outlook downgraded given tariff uncertainty The gradual recovery in European investment continued in Q1 but going forward transaction totals are likely to be weak as a result of uncertainty around tariffs and the potential downside to property... 7th May 2025 · 3 mins read
Europe Commercial Property Update Swedish industrial real estate prospects remain poor Stockholm was one of the worst performing industrial markets in western Europe last year. And despite our relatively upbeat outlook for the Swedish economy, we think the coming years will herald more... 29th April 2025 · 3 mins read
Europe Commercial Property Update Q1 RICS survey highlights weak momentum in European CRE The RICS survey showed that the recovery in occupier and investor demand remained muted in Q1 and uncertainty about tariffs means this picture is unlikely to change in the near term. 24th April 2025 · 3 mins read
