UK Commercial Property Chart Pack

UK Commercial Property Chart Pack (Sep. 25)

Rental growth has continued to defy gravity and there is early evidence of yield compression in some sectors such as offices. Nevertheless, a muted economic outlook and limited chance of a substantial...

17th September 2025 · 1 min read

Emerging Markets Economics Chart Pack

Emerging Markets Chart Pack (Sep. 2025)

EM GDP growth generally held up well in H1 but we think it will soften over the second half of the year as US tariffs, tighter fiscal policy and slowing wage growth bite. The inflation outlook is...

17th September 2025 · 1 min read

US Housing Market Rapid Response

US Housing Starts (Aug. 2025)

The weakness in August housing starts was as expected, especially after July’s hard-to-explain strength. While homebuilders have recently become more optimistic about prospects for housing demand, as...

17th September 2025 · 2 mins read

Canada Economics Update

Canada Housing Watch (Sep. 2025)

The rise in home sales in August was a little better than expected and, while house prices did edge down, there was little in the latest housing data to make us doubt our view that house prices are...

16th September 2025 · 4 mins read

US Economics Weekly

Fed has the green light to cut

The August CPI was the last hurdle to the Fed lowering interest rates next week, and without any marked pickup in inflation, a cut looks certain. Despite calls from Trump loyalists for a 50bp move, we...

12th September 2025 · 7 mins read

Canada Chart Pack

Canada Chart Pack (Sep. 2025)

A recession should just about be avoided, but the economy is teetering on the edge. We expect GDP growth to average less than 1% annualised over the second half of the year, with the unemployment rate...

11th September 2025 · 0 mins read

UK Housing Market Update

UK RICS Residential Market Survey (Aug. 2025)

August’s RICS survey shows that the combination of weak employment, rebounding mortgage rates and fears over tax rises in the Budget on 26 th November are holding back housing activity, while rents...

11th September 2025 · 3 mins read

US Commercial Property Update

Q3 PREA consensus forecasts predict a steady recovery for US CRE

The latest PREA consensus forecasts showed a minor downgrade in the all-property forecast, both for the next two years and the 2025-29 average. That was driven by downgrades in the residential, senior...

10th September 2025 · 3 mins read

UK Housing Market Update

UK mortgage arrears may not have peaked just yet

The weak labour market means it’s too soon to conclude that the share of mortgages in arrears won’t rise further, although it will remain low relative to past standards.

10th September 2025 · 3 mins read

UK Commercial Property Update

UK PBSA may benefit from drop in US foreign students

The number of visas granted to foreign students looking to study in the UK saw a substantial rise in Q2, likely reflecting a substantial fall in the numbers entering the US as restrictions there have...

10th September 2025 · 3 mins read

Europe Economics Focus

EZ housing recovery to give only a small boost to GDP

House prices in the euro-zone are increasing quite quickly, but we doubt that this will last. So rising house prices will provide only limited support to household consumption and investment in the...

5th September 2025 · 9 mins read

UK Economics Rapid Response

UK Retail Sales & Halifax House Prices (Jul./Aug. 2025)

The rises in retail sales volumes in July and the Halifax measure of house prices in August suggest the economy maintained some decent momentum early in Q3. The risk is talk of tax rises ahead of the...

5th September 2025 · 3 mins read

US Commercial Property Update

Dallas and Memphis out in front for warehouse rent prospects

Our refreshed analysis of the 34 largest US warehousing markets puts Dallas and Memphis in a close-fought battle for the top. Kansas City and Phoenix have risen up our rankings since last year, while...

4th September 2025 · 4 mins read

Middle East & North Africa Economics Weekly

OPEC+ meeting, Saudi debt issuances & housing reforms

We suspect that the OPEC+ meeting on Sunday will result in a decision to keep oil production unchanged in October, rather than raise production further. But the risks to oil prices are still skewed to...

4th September 2025 · 8 mins read

Europe Commercial Property Update

Low supply and robust economic growth to support prime Warsaw office rents

With new supply limited and solid GDP growth prospects supporting demand, we believe that Warsaw prime office rental growth will outpace the CEE average in 2025, before converging with the region’s...

4th September 2025 · 3 mins read