UK Commercial Property Update UK multifamily returns to be supported by easing costs A combination of factors, including surging energy and wage costs and an increased regulatory burden, have pushed multifamily operational costs to over 40% of rent, cutting income returns. But with... 19th June 2025 · 3 mins read
UK Commercial Property Update Closing UK commercial property SDLT ‘loophole’ will weigh on capital values The Deputy Prime Minister has urged the Chancellor to close the commercial property stamp duty ‘loophole’, which could lead to an average increase in tax on property transactions of 2.0 to 2.5%-pts... 13th 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
UK Commercial Property Update UK commercial property development on the road to recovery After a lean couple of years, the outlook for commercial property construction is brightening. While the economic outlook is fairly weak, vacancy rates in some subsectors such as prime offices and... 6th June 2025 · 4 mins read
UK Commercial Property Update IPF Consensus Forecasts (May. 25.) There were few major changes in the May IPF Consensus Survey despite increased economic uncertainty. Total returns at the all-property level are forecast to be around 8.0% p.a. over 2025-29, which... 29th May 2025 · 3 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
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 18th June 2025) · 0 mins read
UK Commercial Property Update UK single-family homes an attractive option for investors Single-family homes have outperformed other residential sectors over the past four years as a race for space and stretched homebuyer affordability have supported demand, at the same time as developers... 7th May 2025 · 4 mins read
UK Commercial Property Update Could UK commercial property benefit from US tariffs? The UK economy is relatively well insulated from the rise in US tariffs, and property even more so. Indeed, while the overall direct impact is likely to be small, some commercial sectors may even see... 29th April 2025 · 4 mins read
UK Commercial Property Update RICS survey points to a subdued UK commercial property recovery The Q1 RICS survey showed little change from the previous quarter, with surveyors pointing to subdued levels of occupier demand and elevated availability. That points to a slowdown in rental growth... 25th April 2025 · 3 mins read
US Commercial Property Update Why even the worst-hit cities look likely to recover The pandemic-driven reduction in office-based footfall in city centres has weighed heavily on many urban environments, particularly in the US. But if cities can find ways to align incentives with... 22nd April 2025 · 8 mins read
UK Commercial Property Update Market chaos puts upward pressure on UK commercial property yields With the exception of some industrial assets, commercial property in the UK is not directly impacted by the higher tariffs announced by President Trump and property equities have performed relatively... 9th April 2025 · 4 mins read
UK Commercial Property Update Answering key client questions from our roundtables on how the pandemic continues to shape real estate Last week we held a series of roundtable discussions with clients in our London office about how the pandemic will shape real estate into the 2030s. This note shares our answers to some of the most... 8th April 2025 · 4 mins read
Global Economics Update Answering your questions about Liberation Day tariffs We hosted two online Drop-In sessions on 3rd April to discuss the fallout from President Trump’s Liberation Day tariff announcement. (See a recording here.) This Update contains answers to some of the... 3rd April 2025 · 9 mins read
UK Housing Market Update Did the pandemic change where households are choosing to live? The pandemic triggered an exodus from large cities in both the UK and US as households used the freedom of remote work to move to cheaper locations with larger homes. In the rental market, that trend... 3rd April 2025 · 6 mins read
US Commercial Property Update Retail subsectors to see more consistent performance Physical retail demand has not only been shaped by online shopping, but also by shifting working patterns which have redistributed where we spend our money since COVID-19. Nevertheless, we expect a... 26th March 2025 · 6 mins read
