UK Housing Market Outlook

UK Housing Outlook: Housing to shrug off the weak economy

Our forecast that mortgage rates will fall further than widely expected suggests that a decent recovery in transactions will allow house prices to rise by around 3.5% this year and by 4.5% next year...

4th February 2025 · 17 mins read

Australia & New Zealand Economics Update

Rate cuts not a panacea for Australia’s housing market

Australia’s housing slowdown continued into the new year, as demand softened further. Although the prospect of imminent rate cuts could temporarily buoy buyer sentiment, we don’t expect a meaningful...

3rd February 2025 · 3 mins read

UK Housing Market Update

Credit Conditions Survey (Q1 2024)

Demand for mortgage credit jumped in Q1 in response to the drop in mortgage rates over the second half of 2023. But a rise in financial market interest rates this week, due to higher-than-expected...

1st February 2025 · 3 mins read

UK Housing Market Rapid Response

UK Nationwide House Prices (Jan. 2025)

Although the muted 0.1% m/m rise in Nationwide house prices in January was slightly worse than expected, it is not too surprising given the rise in quoted mortgage rates at the end of last year. But...

31st January 2025 · 3 mins read

UK Commercial Property Update

RICS survey supports our call of a modest UK commercial property recovery

Concerns about the impact of the Budget, coupled with higher interest rates, led to a moderation in commercial property demand according to the Q4 RICS commercial survey. Capital value expectations...

30th January 2025 · 3 mins read

US Commercial Property Update

Q4 RICS survey confirms US CRE recovery is on its way

The Q4 RICS commercial property survey saw investment sentiment turn positive for the first time since 2022 and a shift in perceptions of cycle phase, with the majority now believing we have reached...

30th January 2025 · 3 mins read

Europe Commercial Property Update

European CRE sentiment too weak to set recovery alight in 2025

The latest RICS survey showed further improvement in occupier and investor demand in Europe. However, with the uptick in sentiment only small, the market looks to be struggling to gain momentum...

30th January 2025 · 6 mins read

UK Commercial Property Rapid Response

Lending to commercial property (Dec. 24)

30th January 2025 · 1 min read

UK Economics Rapid Response

UK Money & Lending (Dec. 2024)

December’s money and lending figures suggest the downbeat economic outlook isn’t weighing on households borrowing and spending decisions too heavily. This provides some encouragement that the economy...

30th January 2025 · 3 mins read

UK Commercial Property Update

UK industrial investment to remain subdued

The latest investment figures suggest an upturn in industrial activity after a long slump. But given both stretched valuations and continued economic uncertainty, it may be too early to rule out a...

29th January 2025 · 3 mins read

US Housing Market Rapid Response

Case-Shiller/FHFA House Prices (Nov. 2024)

The modest rise in house prices in November adds to the sense that the housing market is experiencing a bit of a slowdown amid weak buyer demand and gradually rising supply. We think this trend has a...

28th January 2025 · 1 min read

US Commercial Property Update

NCREIF Q4 Index - Gap between US CRE appraisals and sales prices to close in 2025

The Q4 data suggest that appraisals are lagging the market correction, with transaction-based cap rates still significantly above those reported in the indices. Our expectation that this gap closes in...

27th January 2025 · 3 mins read

US Housing Market Rapid Response

US New Home Sales (Dec. 2024)

The 3.6% increase in new home sales in December wraps up a solid year for newbuild demand in an otherwise stagnant housing market, with sales up nearly 3% over 2024 as a whole. We expect new home...

27th January 2025 · 2 mins read

US Commercial Property Update

Trump and US CRE: Four key client questions

The first week of the new Trump administration hasn’t thrown up any huge surprises in terms of policy announcements. But there remains considerable uncertainty about the impact of those policies and...

24th January 2025 · 4 mins read

US Housing Market Rapid Response

US: Existing Home Sales (Dec. 2024)

The small rise in existing home sales in December reflects deals that came together in September and October, when mortgage rates hit a nadir of 6.2%, getting across the line. Given the recent selloff...

24th January 2025 · 1 min read