Global Commercial Property Update

Weaker near-term hotel outlook; Europe better placed ahead

A soft consumer spending outlook and subdued business demand, reinforced by the effects of the Iran war, will weigh on global hotel demand in the coming years. Longer term, hotel performance will be...

21st April 2026 · 4 mins read

Canada Economics Weekly

Majority rules

Prime Minister Mark Carney was swift to put his newfound majority to use this week, announcing a suspension of the federal gasoline tax for the next few months. That will not have a huge impact, but...

17th April 2026 · 6 mins read

Canada Economics Update

Canada Housing Watch (Apr. 2026)

The housing market continued to struggle in March and the recent rebound in fixed mortgage rates, driven by the spike in oil prices, suggests that house prices will fall further in the coming months.

16th April 2026 · 4 mins read

Global Commercial Property Update

Life science to outperform, but will remain a niche sector

While supply headwinds have hit life science performance in recent years, long-term fundamentals have been reinforced by the pandemic. We expect a recovery in the short term and strong performance...

16th April 2026 · 5 mins read

UK Economics Update

What does the Iran war mean for UK loan arrears?

While higher unemployment and mortgage rates due to the Iran war suggest the share of loans in arrears will rise over the next few years, even in an adverse scenario it will remain low relative to...

16th April 2026 · 4 mins read

Australia & New Zealand Economics Update

Tax changes wouldn’t impact housing market much

Australia’s government is mulling tax changes that would make it less attractive for investors to buy rental properties. While that may result in small falls in house prices and could reduce the...

15th April 2026 · 3 mins read

UK Commercial Property Update

UK banks keen to lend despite Iran war uncertainty

Despite the uncertainty from the Iran war, banks are still willing to lend to commercial property. A sizeable share plan on loosening credit conditions further in Q2, supported by a positive view on...

14th April 2026 · 3 mins read

US Housing Market Rapid Response

US Existing Home Sales (Mar. 2026)

Existing home sales fell back below the historically weak 4m annualised level in March and prospects for April do not look much better, as timely indicators point to weakening housing demand following...

13th April 2026 · 2 mins read

Global Commercial Property Chart Pack

Global Commercial Property Chartpack (Q1 2026)

The rise in economic uncertainty and market interest rates because of the Iran war will weigh on property market activity in the first half of the year. However, under our baseline scenario (in which...

13th April 2026 · 0 mins read

Global Commercial Property Update

How will AI job cuts influence office demand?

Tech occupations are the most exposed to the impact of AI, but that doesn’t necessarily mean that sector will see the most job losses. That said, a decline in the share of pre-lets to the sector in...

10th April 2026 · 3 mins read

Global Commercial Property Update

Retail and hospitality sectors to bear the brunt of Iran War

The effects of the Iran war will feed through to property occupiers through two main channels: higher energy costs and lower household disposable income growth. The impact on sectors will vary based...

9th April 2026 · 4 mins read

UK Housing Market Update

UK RICS Residential Market Survey (Mar. 2026)

After a steady start to the year for the housing market, March’s RICS housing market survey suggests that the rise in mortgage rates since the start of the Iran war is continuing to take an...

9th April 2026 · 3 mins read

UK Housing Market Chart Pack

UK Housing Market Scenarios Chart Pack (Apr. 2026)

This UK Housing Market Scenarios Chart Pack builds on the analysis and scenario forecasts published in the Global Property Outlook (see here) to provide more detail on how the Iran War could influence...

8th April 2026 · 1 min read

US Housing Market Rapid Response

US Mortgage Applications (Mar. 2026)

As the timeliest housing activity data we get, the drop in home purchase mortgage applications throughout March is the first clear evidence of homebuyers pulling back in response to higher borrowing...

8th April 2026 · 2 mins read

UK Commercial Property Rapid Response

S&P Global/CIPS UK Construction PMI (Mar. 26)

The headline CIPS construction PMI saw a surprising tick higher in March. But with the input price index climbing precipitously and new orders and future business expectations dropping back, it’s...

8th April 2026 · 2 mins read