UK Housing Market Rapid Response

UK Halifax House Prices (May 2026)

The modest fall in the Halifax measure of house prices in May shows that the rise in mortgage rates triggered by the Iran war continues to weigh on the housing market.

5th June 2026 · 3 mins read

UK Commercial Property Rapid Response

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

After another month-on-month decline, the headline CIPS construction PMI dropped to 38.2, its lowest level since May 2020. Meanwhile, t he fourth consecutive fall in the future activity index, to 53.0...

4th June 2026 · 1 min read

Europe Commercial Property Chart Pack

Europe Commercial Property Chart Pack (Q2 2026)

Prime office values continued to grow strongly in Q1, in contrast to a further slowdown in the retail and industrial sectors. These two sectors are also more vulnerable to the impacts of the Iran war...

3rd June 2026 · 0 mins read

US Commercial Property Valuation Monitor

US Commercial Property Valuation Monitor Q2 2026

All-property valuation scores worsened in Q1 2026 as the Iran war pushed up alternative asset yields. With those yields still elevated as the war drags on, valuations look set to worsen further in Q2...

2nd June 2026 · 1 min read

UK Commercial Property Rapid Response

Lending to UK commercial property (Apr. 26)

Net lending to commercial property totalled around £1.5bn in April, weaker than the strong March reading of £2.5bn. The softer April reading likely reflected a slowdown in the investment transactions...

2nd June 2026 · 1 min read

Australia & New Zealand Economics Update

Australia’s housing market correction is underway

Australian house prices fell for a second straight month in May, and leading indicators suggest that the decline has further to run. However, with inflationary pressures still running hot, the housing...

2nd June 2026 · 4 mins read

UK Housing Market Rapid Response

UK Nationwide House Prices (May 2026)

The bigger-than-expected fall in the Nationwide measure of house prices in May brings the index more into line with the recent weakness in the alternative Halifax measure of house prices and provides...

1st June 2026 · 3 mins read

Global Commercial Property Update

Despite short-term challenges, leisure set to bounce back

With consumers cutting back discretionary spending as real incomes come under pressure, demand for leisure assets will be subdued over the next year or so. But longer term the future for the sector...

29th May 2026 · 3 mins read

UK Commercial Property Update

RE:UK Consensus Forecasts (May 26)

The May RE:UK consensus forecasts showed that higher risk-free rates due to the Iran war are expected to hit commercial property capital values in 2026, and all-property total returns for the year...

28th May 2026 · 3 mins read

UK Housing Market Chart Pack

UK Housing Market Chart Pack (May 2026)

While some leading indicators point to a sharp slowdown in house price inflation in the coming months, the smaller rise in mortgage rates since the start of the Iran war than in past shocks and the...

28th May 2026 · 1 min read

Europe Commercial Property Valuation Monitor

Europe Commercial Property Valuation Monitor (Q2 2026)

Commercial property valuations worsened in Q1 as the Iran war pushed alternative asset yields higher. Looking ahead, valuations could worsen further and property yields could come under upward...

28th May 2026 · 0 mins read

US Commercial Property Update

AI boom will not prevent Southern metros pushing ahead

Within a sluggish national picture, metro jobs performance has varied widely with some cities - notably Washington D.C. - seeing big contractions, while others grew strongly - such as Las Vegas and...

27th May 2026 · 3 mins read

US Housing Market Update

Solid apartment fundamentals remain intact despite immigration slowdown

Concerns that this administration’s anti-immigration push would trigger a sharp national slowdown in apartment demand have been misplaced. While unauthorised immigration has turned deeply negative...

27th May 2026 · 4 mins read

US Housing Market Rapid Response

US Case-Shiller/FHFA House Prices (Mar. 2026)

Back-to-back house price declines in February in March, before the full effects of the Iran war on mortgage rates would even have been felt, suggest now is the time to downgrade our forecast. Rather...

26th May 2026 · 2 mins read

UK Commercial Property Chart Pack

UK Commercial Property Chart Pack (May 26)

The risks to the commercial property market from the Iran war are increasing, and the longer risk-free interest rates remain elevated the more likely that will feed through to higher property yields...

22nd May 2026 · 1 min read