UK Commercial Property Update Residential rental growth to outperform The Q1 RICS commercial survey provided further evidence that occupier demand has turned the corner, with demand ticking up in the industrial and office sectors. But with availability still elevated... 25th April 2024 · 3 mins read
London Housing Markets Chart Pack London Housing Chart Pack (Q2 2024) House price growth in London remains negative according to the ONS, but timelier measures of house prices and sentiment suggest that activity has picked up and prices are regaining momentum. The... 25th April 2024 · 1 min read
UK Commercial Property Chart Pack UK Commercial Property Chart Pack (Apr. 24) All-property yields have been broadly stable since the start of the year. Higher-than-expected interest rates mean yields may see a further small rise over the next few months, but we still think they... 24th April 2024 · 1 min read
Europe Commercial Property Update Expect subpar rental performance in Germany While rental performance in German commercial property markets has been relatively solid given the country’s poor economic performance over the past five or so years, we think this is set to end. 16th 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
US Commercial Property Update Consensus still moving in our direction The latest consensus figures have moved closer to our own total returns forecasts for the next three years. But they continue to expect a lower path for Treasury yields implying a smaller cap rate... 9th April 2024 · 3 mins read
US Commercial Property Office Metros Outlook Value falls of 25% still to come in worst-hit markets Our latest office metro forecasts highlight a continued divergence between southern metros and the western and major markets. That difference in performance will be driven by a smaller hit to demand... 8th April 2024 · 7 mins read
UK Commercial Property Update The economic outlook and industrial rents The drivers of industrial rental growth were turned on their head during the pandemic, but we expect the pre-COVID-19 relationships will soon be reestablished. That points to consumer spending as an... 26th March 2024 · 3 mins read
US Housing Market Update Renting to remain substantially cheaper than buying As mortgage rates fall, we think the difference between the cost of buying and renting will narrow from the current all-time highs. But even by 2026, renting will remain by far the more cost-effective... 25th March 2024 · 3 mins read
UK Commercial Property Chart Pack UK Commercial Property Chart Pack (Mar. 24) All-property total returns have turned the corner, with a month-on-month rise in January and February. Rental growth is set to continue to ease, but yields are close to a peak and that will remove the... 19th March 2024 · 1 min read
UK Housing Market Outlook Fall in mortgage rates will allow market to recover A slight rise in mortgage rates since the start of the year is likely to mean house prices stall in the near term. But our forecast that Bank Rate will be cut faster than most expect, to 3.00% by the... 15th March 2024 · 18 mins read
US Commercial Property Update Nashville, Jacksonville and Austin top for remote workers Our updated remote worker preference scores again highlight Nashville as the most attractive metro for remote workers, while San Jose is the least attractive. The winners continue to be predominantly... 13th March 2024 · 5 mins read
UK Commercial Property Update Online share developments not all bad news The online share of retail sales is still above its pre-pandemic trend, but a closer look suggests that is perhaps not as bad for the retail sector as it looks. For example, the share of online... 13th March 2024 · 4 mins read
UK Housing Market Update Rental market continues to contract The more granular detail of mortgage lending in Q4 published by the Bank of England this morning added to the evidence that the Buy-to-Let (BTL) sector is contracting. Meanwhile arrears increased, but... 12th March 2024 · 3 mins read
US Housing Market Outlook No end in sight to rising house prices Even if mortgage rates fall to 6% as we expect, mortgage rate ‘lock-in’ will continue to curb home moves. As a result, we only anticipate a trickle of new resale supply coming onto the market over the... 5th March 2024 · 15 mins read
UK Commercial Property Update Green premium helps drive refurbishment boom The latest crane survey reported the highest volume of London office starts on record. In part that reflects a refurbishment boom as developers retrofit their buildings to meet MEES standards and... 28th February 2024 · 3 mins read