UK Housing Market Update

RICS Residential Market Survey (Jul. 2024)

Increasing demand points to stronger price growth Tentative signs from July’s RICS survey add to the growing evidence that demand and prices are starting to pick up. And as lenders start to cut...

8th August 2024 · 3 mins read

UK Housing Market Update

RICS Residential Market Survey (Jun. 2024)

Revival unlikely to materialise as soon as surveyors hope While demand continued to slip back in June, surveyors were optimistic it would soon pick up. Given elevated mortgage rates we suspect the...

11th July 2024 · 3 mins read

UK Housing Market Update

The shape of Labour's housing policy

The overarching theme of the Labour government’s housing policies will be a rebalancing of rights in favour of tenants and aspiring homeowners at the expense of landowners and landlords. That said...

3rd July 2024 · 3 mins read

UK Housing Market Update

House prices to slip back in the near term

The slight increase in mortgage rates since the beginning of the year appears to have reached a tipping point for demand. At the same time, the supply of homes being put up for sale has increased...

27th June 2024 · 4 mins read

UK Commercial Property Update

Why are residential yields so low?

Higher costs, lower risk, a better rental growth outlook and competition from less yield-sensitive buyers all help explain why residential yields have been below other commercial property sectors for...

25th June 2024 · 4 mins read

UK Housing Market Update

UK RICS Residential Market Survey (May 2024)

Faltering demand and rising supply mean prices will slip back The May RICS survey was the weakest so far this year, as new demand faltered and sales slowed. With the quantity of homes coming onto the...

13th June 2024 · 3 mins read

UK Housing Market Update

Recovery in lending unlikely to gain more momentum

The granular data on mortgage lending in Q1 contained some signs of relief following the dip in mortgage rates at the end of last year. But given that decline in rates has since reversed, we don’t...

11th June 2024 · 3 mins read

UK Commercial Property Update

Notes from our residential investment roundtables

At our recent roundtable we shared our view that strong rental prospects mean residential property is likely to outperform other commercial property sectors over the next five years. Across the...

17th May 2024 · 4 mins read

Global Economics Update

What the latest US tariffs mean for the global economy

We held an online Drop-In session today to discuss the Biden administration’s new tariffs on goods from China. This Update answers several of the questions that we received about the direct effects of...

15th May 2024 · 6 mins read

UK Housing Market Update

Is renting becoming the preserve of the rich?

High net migration has led to a big jump in demand for rental properties that has pushed up the cost of rent compared to the average salary. But comparing rents to average pay is not as accurate a...

13th May 2024 · 4 mins read

UK Housing Market Update

RICS Residential Market Survey (April 2024)

Increasing supply points to softer price growth While sales volumes were robust in April according to the RICS Residential Market Survey, stalling demand and increasing supply suggests that prices...

9th May 2024 · 2 mins read

UK Commercial Property Update

Multifamily rents set to outperform

New more granular MSCI data shows that the outperformance of residential property over the past decade was primarily down to student housing. Indeed, only in the past couple of years have multifamily...

22nd April 2024 · 3 mins read

UK Housing Market Update

Credit Conditions Survey (Q1 2024)

Demand for mortgage credit jumped in Q1 in response to the drop in mortgage rates over the second half of 2023. But a rise in financial market interest rates this week, due to higher-than-expected...

11th April 2024 · 3 mins read

UK Housing Market Update

UK RICS Residential Market Survey (Mar. 24)

Cautious optimism from surveyors on prices and activity The slight increase in the balances for past prices and new buyer enquiries in the RICS Residential Market Survey for March showed that demand...

10th April 2024 · 3 mins read

UK Housing Market Update

How much should we read into the collapse in starts?

The further slump in housing starts in Q4 was a surprise, but timelier data and leading indicators suggest activity has since begun to recover. We are therefore happy with our forecast of a gradual...

5th April 2024 · 2 mins read