Middle East & North Africa Economics Weekly Lebanon’s debt, Saudi & Dubai real estate Lebanon’s Eurobonds are trading at their strongest in over four years as investors’ hopes of a sovereign debt restructuring build amid the new government’s reform push. But we’d caution that, for a... 25th September 2025 · 7 mins read
US Housing Market Rapid Response US Existing Home Sales (Aug. 2025) The low-and-barely changed level of existing home sales in August is yet more evidence of the quagmire the existing home market has been stuck in for a couple of years now. While the downward trend in... 25th September 2025 · 2 mins read
Europe Commercial Property Update Estimates point to steady euro-zone all-property yields further ahead Fair-value calculations which incorporate rental expectations suggest euro-zone all-property yields should hold steady in the medium term. However, the outlook differs by sector, with rises still... 25th September 2025 · 3 mins read
UK Housing Market Chart Pack UK Housing Market Chart Pack (Sep. 2025) Possible tax rises in the Budget on 26th November risk further restraining housing activity next year. What’s more, our new forecast for 10-year gilt yields to fall from 4.71% now to 4.25% next year... 25th September 2025 · 1 min read
Australia & New Zealand Economic Outlook A tale of two recoveries The Australian economy bounced back strongly in Q2, and it increasingly appears that the recovery has legs. In contrast, the New Zealand economy remains mired in a deep slump, and we believe that it... 25th September 2025 · 20 mins read
US Housing Market Rapid Response US New Home Sales (Aug. 2025) Lower borrowing costs supported a surge in new home sales in August, and could drive further increases in the coming months, given the continued decline in mortgage rates since then. 24th September 2025 · 2 mins read
US Commercial Property Outlook Final value falls deferred again, but US CRE still overvalued Our view that capital values still need to fall by 5% at the all-property level keeps our forecasts below consensus. Based on our forecast of a long-term 10-year Treasury yield of 4.5%, appraised cap... 22nd September 2025 · 21 mins read
UK Commercial Property Update IPF UK Commercial Property Consensus Forecasts The September IPF consensus survey forecasted all-property total returns of 7.9% p.a. over 2025-29. That was unchanged from May, with a downgrade to 2025 returns offset by a slight upgrade over the... 19th September 2025 · 3 mins read
Europe Commercial Property Update Demand for industrial property near ports should hold up The recent resilience of euro-zone trade is expected to continue in the coming quarters, which will support demand for industrial property near key ports. However, industrial demand near the ports of... 18th September 2025 · 3 mins read
APAC Commercial Property Outlook Buyer-seller mismatch will keep investment slow Asia-Pacific property will endure a slow , uneven recovery. E levated risk-free rates and soft regional growth will restrain capital appreciation, leaving income as the primary engine of returns. We... 18th September 2025 · 19 mins read
UK Commercial Property Chart Pack UK Commercial Property Chart Pack (Sep. 25) Rental growth has continued to defy gravity and there is early evidence of yield compression in some sectors such as offices. Nevertheless, a muted economic outlook and limited chance of a substantial... 17th September 2025 · 1 min read
Emerging Markets Economics Chart Pack Emerging Markets Chart Pack (Sep. 2025) EM GDP growth generally held up well in H1 but we think it will soften over the second half of the year as US tariffs, tighter fiscal policy and slowing wage growth bite. The inflation outlook is... 17th September 2025 · 1 min read
US Housing Market Rapid Response US Housing Starts (Aug. 2025) The weakness in August housing starts was as expected, especially after July’s hard-to-explain strength. While homebuilders have recently become more optimistic about prospects for housing demand, as... 17th September 2025 · 2 mins read
Canada Economics Update Canada Housing Watch (Sep. 2025) The rise in home sales in August was a little better than expected and, while house prices did edge down, there was little in the latest housing data to make us doubt our view that house prices are... 16th September 2025 · 4 mins read
US Economics Weekly Fed has the green light to cut The August CPI was the last hurdle to the Fed lowering interest rates next week, and without any marked pickup in inflation, a cut looks certain. Despite calls from Trump loyalists for a 50bp move, we... 12th September 2025 · 7 mins read
Canada Chart Pack Canada Chart Pack (Sep. 2025) A recession should just about be avoided, but the economy is teetering on the edge. We expect GDP growth to average less than 1% annualised over the second half of the year, with the unemployment rate... 11th September 2025 · 0 mins read
