US Commercial Property Valuation Monitor Valuation scores rise sharply, but there is more to come Our commercial property valuation scores rose sharply in Q1, suggesting that Q3 2022 was a trough in valuations. Office and retail sectors now look fairly valued. While we think retail values do not... 26th May 2023 · 5 mins read
China Economics Weekly Unfinished homes, chipmaking woes Detailed housing sales data show that worries about developers’ ability to complete projects continue to hamper demand. And despite some progress, the number of stalled projects remains very large... 26th May 2023 · 6 mins read
Scandinavia & Switzerland Commercial Property Chart Book Scandinavia & Switzerland: Yield surge cools As in the euro-zone, the rise in prime property yields in Scandinavia slowed sharply in Q1 after the surge in H2 2022. Along with decent gains in rents, where Oslo offices and industrial saw the... 26th May 2023 · 6 mins read
US Commercial Property Metros Chart Book Portland, San Francisco and Seattle off to a bad start Metro level data for Q1 2023 showed the slowdown in occupier demand was widespread, with no market consistently outperforming across the sectors in terms of absorption. While office and industrial... 24th May 2023 · 6 mins read
Emerging Europe Commercial Property Chart Book Emerging Europe: Yield rises show no sign of easing In contrast to the rest of Europe, CEE yields not only rose, but increased more sharply in Q1 than the previous quarter. Strong rental growth cushioned the blow to all-property capital values, but... 24th May 2023 · 5 mins read
US Commercial Property Chart Book Weak Q1, but bigger price falls to come in Q2 The economy has been relatively resilient so far, but with the banking turmoil set to weigh on activity, we continue to expect a recession this year. Slower growth has already translated to softer... 19th May 2023 · 10 mins read
UK Housing Market Chart Book Signs of stabilisation The larger than anticipated rebound in mortgage approvals in March and a slowdown (or even partial reversal) of house price falls suggested that the housing market downturn may have ended much earlier... 19th May 2023 · 10 mins read
Euro-zone Commercial Property Chart Book Capital value falls slow, but further weakness ahead Capital value falls slowed in Q1 as the surge in euro-zone all-property yields cooled. But, with rent growth decelerating across all sectors, the increase in yields was still enough to drive another 4... 19th May 2023 · 10 mins read
Global Markets Update Debt ceiling debacle threatens renewed turmoil While banking sector strains have become less acute over recent weeks, core money markets remain tense as uncertainty grows around the potential fallout from even a temporary default on US Treasuries... 18th May 2023 · 10 mins read
US Housing Market Data Response Existing Home Sales (Apr.) Existing home sales fell back towards their recent lows in April, not helped by a very tight inventory. The high cost of a new mortgage is acting to discourage homeowners with a low fixed-rate... 18th May 2023 · 2 mins read
Europe Commercial Property Update Consensus office rental view still looks too sanguine May’s IPF Consensus Forecasts highlighted another upgrade to short-term euro-zone office rental expectations. Our figures remain significantly weaker for 2023. From next year, our view is closer to... 17th May 2023 · 3 mins read
US Housing Market Data Response Housing Starts (Apr.) Homebuilders have turned their attention to finishing off the large number of homes under construction rather than starting new ones, keeping single-family starts close to their recent lows in April... 17th May 2023 · 2 mins read
UK Commercial Property Valuation Monitor Property close to fairly valued Following a surge in property yields over the second half of last year, property moved closer to fair value again in Q1. Admittedly, on our measure the all-property score is still sitting in... 17th May 2023 · 7 mins read
Global Economics Update Stabilisation in housing markets likely to be temporary The downturn in the housing market appears to have paused in many countries in recent weeks. However, we doubt that this marks the bottom of the market. With higher interest rates yet to take their... 15th May 2023 · 4 mins read
US Commercial Property Data Response Commercial Property Lending (Apr.) Net commercial real estate (CRE) lending slowed sharply once again in April. Lending against all commercial sectors turned negative for the first time in nearly six years, and with little in the way... 15th May 2023 · 3 mins read
US Commercial Property Update Manufacturing will boom while incentives last The sharp rise in US manufacturing construction over the past two years is likely to continue into the medium term as firms take advantage of favourable government incentives. But as these expire... 12th May 2023 · 4 mins read
