UK Commercial Property Outlook UK Commercial Property Outlook: Property insulated from tariffs but recovery weak UK commercial property is relatively well insulated from the direct impact of US tariffs, and some sectors may even see small benefits. Rental growth has also held up better than expected. But with... 20th May 2025 · 26 mins read
Europe Commercial Property Update Frankfurt rent surge will not stop a wider slowdown German office rents made stronger than expected gains in 2025 Q1. But not all markets were moving in line, with Frankfurt’s buoyancy a stark contrast to other cities. While that suggests risks remain... 20th May 2025 · 6 mins read
Middle East & North Africa Economics Update Should we be worried about the UAE’s credit boom? Credit growth in the UAE has boomed, fuelling a sharp rise in property prices, particularly in Dubai. Prices are now at risk of a correction which, in the past, has fed into banking and debt worries... 20th May 2025 · 4 mins read
US Housing Market Rapid Response US Housing Starts (Apr. 2025) The small rebound in housing starts in April is more troubling than it appears, as it barely recoups the sharp, weather-related decline seen in March and conceals renewed weakness in both single- and... 16th May 2025 · 2 mins read
Europe Commercial Property Valuation Monitor Europe Commercial Property Valuation Monitor (Q2 2025) Commercial property valuations worsened in Q1 this year as alternative asset yields rose while prime property yields edged slightly lower. Looking ahead, we think there is limited scope for falls in... 15th May 2025 · 0 mins read
Europe Commercial Property Update CE below consensus on prime office rent outlook There is broad agreement amongst forecasters that prime rental growth will slow over the next couple of years. However, we think the slowdown could be sharper than the consensus expects, especially if... 14th May 2025 · 3 mins read
UK Commercial Property Valuation Monitor UK Commercial Property Valuation Monitor (Q2 25) Property valuations worsened in Q1 for the second quarter in a row as property yields saw little change even as gilt yields rose. 13th May 2025 · 1 min read
US Housing Market Update Assessing the risks to single-family home construction Fears that single-family housing starts are on the verge of collapse because of the large buildup of new homes for sale are overblown. The accumulation largely reflects smaller private builders... 12th May 2025 · 3 mins read
US Commercial Property Update Q1 US CRE activity sprouts, but tariffs weigh on recovery Commercial real estate investment climbed on a y/y basis in Q1, but recent surveys revealed that the unpredictability of policy changes and tariffs have dampened investor confidence. We expect this to... 12th May 2025 · 3 mins read
US Commercial Property Update US domestic migration trends to persist, but flows from abroad are at risk The latest data from the Census Bureau show that regional and metro-level migration trends seen in the post-pandemic years persisted up to mid-2024. But the six major markets, along with other large... 8th May 2025 · 4 mins read
UK Housing Market Rapid Response UK Halifax House Prices (Apr. 2025) The 0.3% m/m rise in Halifax house prices (consensus forecast -0.1% m/m, CE 0.0% m/m) provides tentative evidence that the falls in house prices are already in the past. That lends some support to our... 8th May 2025 · 3 mins read
UK Housing Market Update UK RICS Residential Market Survey (Apr. 2025) The housing market should pull out of its current funk in the coming months even if the Bank of England were to suggest later today that interest rates won’t fall as fast as the financial markets... 8th May 2025 · 3 mins read
UK Commercial Property Update UK single-family homes an attractive option for investors Single-family homes have outperformed other residential sectors over the past four years as a race for space and stretched homebuyer affordability have supported demand, at the same time as developers... 7th May 2025 · 4 mins read
Europe Commercial Property Update Euro-zone investment outlook downgraded given tariff uncertainty The gradual recovery in European investment continued in Q1 but going forward transaction totals are likely to be weak as a result of uncertainty around tariffs and the potential downside to property... 7th May 2025 · 3 mins read
UK Commercial Property Rapid Response S&P Global/ CIPS Construction PMI (Apr. 25) The headline CIPS construction PMI edged up to 46.6 in April, from 46.4 in March. That left the balance below 50 and consistent with a contracting construction sector. 7th May 2025 · 1 min read
US Housing Market Outlook US Housing Outlook: Market in need of rate relief that is not coming President Trump’s inflationary trade and immigration policies leave no clear path to the lower borrowing costs that the housing market desperately needs. A tariff-driven resurgence in inflation will... 2nd May 2025 · 15 mins read
