Canada Economics Weekly Developers continue to shrug off high interest rates The sharp rebounds in both residential and non-residential building permit issuance in July eased concerns that the construction sector is about to take a turn for the worse. Risks remain, however... 13th September 2024 · 7 mins read
UK Commercial Property Update Should institutions be worried about Renters’ Rights? By making life harder for unscrupulous landlords, the Renters’ Rights Bill may help drive tenant demand toward institutional landlords who are already complying with most aspects of the proposed... 13th September 2024 · 3 mins read
US Commercial Property Outlook Apartments to top the charts with total returns of 9.5% p.a. There are tentative signs of improvement in the investment market, but we continue to think refinancing requirements will weigh on transactions. We still think appraisal-based valuations need to... 12th September 2024 · 21 mins read
UK Housing Market Update RICS Residential Market Survey (Aug. 2024) Rising demand points to faster house price growth August’s RICS survey provided further evidence that housing demand is picking up in response to the recent falls in mortgage rates. What’s more, our... 12th September 2024 · 3 mins read
US Housing Market Chart Pack US Housing Market Chart Pack (Aug. 2024) A pullback in buyer demand paired with rising supply has cooled the market, causing house price inflation to ease in the first half of the year. With the spring selling season now over, though, and... 11th September 2024 · 1 min read
Europe Commercial Property Update Milan office rent growth to undershoot the euro-zone Milan office take-up has held up well in recent quarters, but this has not translated into stronger prime rental growth. With the outlook for jobs growth pointing to a slowdown in take-up while... 11th September 2024 · 3 mins read
UK Commercial Property Update Why we are more optimistic on rental growth Our rental growth forecasts for the industrial and retail sectors are notably above the consensus, particularly over the next couple of years. That primarily reflects our relatively optimistic... 10th September 2024 · 3 mins read
UK Housing Market Update Recovery in mortgage lending has further to run Granular data showed that mortgage lending continued to recover in Q2, supported by a decline in the average mortgage rate on new lending. Our view that mortgage rates will fall further next year... 10th September 2024 · 3 mins read
UK Commercial Property Update IPF Consensus Forecasts (Sep 24.) The latest IPF Consensus Survey showed forecasters are finally coming around to our long-held view that retail will preform relatively well over the next five years. Total returns for all the retail... 6th September 2024 · 3 mins read
China Economics Weekly Mortgage rate cut would offer modest consumption boost Officials in China are reportedly planning to reduce the interest rate on existing mortgages. A similar move last year did little to lift consumption because the reduction in mortgage rates was offset... 6th September 2024 · 7 mins read
UK Housing Market Rapid Response UK Halifax House Prices (Aug. 2024) The second consecutive monthly rise in the Halifax house price index in August supports our view that the fall in the Nationwide house price index in the same month was a blip and isn’t the start of... 6th September 2024 · 3 mins read
Europe Commercial Property Update Is industrial demand back on track? The most recent European industrial take-up figures were slightly more encouraging. We expect activity will continue to slowly improve over the next couple of years, supported by the consumer recovery... 5th September 2024 · 3 mins read
UK Commercial Property Rapid Response S&P Global/CIPS Construction PMI (Aug 24) The headline CIPS construction PMI edged back in August, but at 53.6 it remained in expansionary territory for the sixth consecutive month. 5th September 2024 · 1 min read
US Commercial Property Update Dallas tops our updated rankings of 34 industrial markets The dynamism of the industrial sector means that market-level outperformance is often only achievable for short periods, because either relative value deteriorates or new supply quickly completes... 4th September 2024 · 4 mins read
US Housing Market Rapid Response Mortgage Applications (Aug. 2024) The drop in home purchase mortgage applications in August is surprising given the sharp fall in mortgage rates the month before. Some would-be buyers may be delaying their purchases due to increased... 4th September 2024 · 2 mins read
