UK Housing Market Data Response Nationwide House Prices (Oct.) Yet another upside surprise in house prices last month confirmed that the end of the stamp duty holiday in September did little to cool the market. We expect house prices to continue to beat... 3rd November 2021 · 2 mins read
US Commercial Property Update Making sense of the latest strong data on US real estate Recent data releases and surveys show a booming commercial real estate market, particularly in the industrial and apartment sectors. While the level of prices is raising some eyebrows, we don’t see... 2nd November 2021 · 3 mins read
UK Housing Market Focus How pandemic changes will affect European cities Europeans are returning to cities, though the return to offices has been much slower and this has had negative effects on city retail. Looking ahead, weaker demand for office and retail will weigh on... 2nd November 2021 · 14 mins read
Australia & New Zealand Data Response Australia CoreLogic House Prices (Oct.) Strong demand means that house prices will keep rising at a strong pace over the next few months, but we think that lending restrictions will result in a slowdown next year. 1st November 2021 · 2 mins read
UK Commercial Property Data Response Lending to commercial property (Sep.) Net lending to UK commercial property was negative for the fourth month in a row in September, probably due to a rise in repayments. We expect further repayments, caution when seeking development... 29th October 2021 · 2 mins read
UK Housing Market Data Response Mortgage Lending (Sep.) Unsurprisingly, mortgage lending spiked in September as buyers rushed to complete before the stamp duty taper period ended. More notable is the resilience of mortgage approvals, suggesting that the... 29th October 2021 · 2 mins read
China Chart Pack Energy shortages starting to ease Despite a flurry of media reports in September hinting at widespread disruption, the data suggest that China’s recent power shortages have not been too severe. Electricity output actually rose 0.6% in... 29th October 2021 · 7 mins read
US Housing Market Outlook Rising mortgage rates will cool house price growth Mortgage rates have risen to a six-month high and will increase further over the next couple of years. While inventory is set to remain tight, cutting the risk of an outright fall in house prices... 28th October 2021 · 18 mins read
Europe Commercial Property Update Investment to peak later next year The Q3 investment data indicate that activity could be slightly stronger this year than we had expected. However, with the economic recovery topping out and structural headwinds limiting investment in... 28th October 2021 · 3 mins read
US Commercial Property Data Response RICS Commercial Market Survey (Q3) Overall sentiment saw little change this quarter, but there was a notable reduction in office occupier demand and three-month rent expectations. The bigger picture is that, with no respondents viewing... 28th October 2021 · 2 mins read
UK Commercial Property Data Response RICS Commercial Property Market Survey (Q3) Surveyors reported a continued improvement in occupier demand and investment enquiries in Q3, and notably the net balance for offices turned positive on both measures. That said, surveyors expect... 28th October 2021 · 2 mins read
US Commercial Property Update ULI Consensus Forecast (Fall 2021) Consensus forecasts for 2021 have been upgraded in all four major sectors on the back of strong investor demand. But tellingly the picture is more varied for 2022-23, where industrial and apartment... 27th October 2021 · 2 mins read
US Housing Market Data Response Case-Shiller/FHFA & New Home Sales (Aug./Sep.) The FHFA reported that annual house price inflation declined in August for the first time since May 2020. Rising mortgage rates mean that slowdown will continue, and we expect it to fall back to 3% y... 26th October 2021 · 2 mins read
US Commercial Property Data Response NCREIF Property Index (Q3 2021) The NCREIF index recorded a huge 5.2% quarterly return in Q3 thanks to further improvement in all sectors. With no sign of any let-up in investment demand, that puts annual returns on course to exceed... 26th October 2021 · 3 mins read
China Economic Outlook Downturn setting in The economy slowed sharply in Q3. Weakness in services is already reversing as virus controls have been relaxed again. But industry and construction are on the cusp of a deeper downturn that could... 26th October 2021 · 23 mins read
Europe Commercial Property Update Risk of stronger French industrial rental growth ahead We expect steady French industrial rental growth over the next few years on the back of a solid economic backdrop and more online shopping. That said, if construction costs and land constraints become... 25th October 2021 · 3 mins read
