US Commercial Property Update

Q3 PREA consensus forecasts predict a steady recovery for US CRE

The latest PREA consensus forecasts showed a minor downgrade in the all-property forecast, both for the next two years and the 2025-29 average. That was driven by downgrades in the residential, senior...

10th September 2025 · 3 mins read

UK Housing Market Update

UK mortgage arrears may not have peaked just yet

The weak labour market means it’s too soon to conclude that the share of mortgages in arrears won’t rise further, although it will remain low relative to past standards.

10th September 2025 · 3 mins read

UK Commercial Property Update

UK PBSA may benefit from drop in US foreign students

The number of visas granted to foreign students looking to study in the UK saw a substantial rise in Q2, likely reflecting a substantial fall in the numbers entering the US as restrictions there have...

10th September 2025 · 3 mins read

Europe Economics Focus

EZ housing recovery to give only a small boost to GDP

House prices in the euro-zone are increasing quite quickly, but we doubt that this will last. So rising house prices will provide only limited support to household consumption and investment in the...

5th September 2025 · 9 mins read

UK Economics Rapid Response

UK Retail Sales & Halifax House Prices (Jul./Aug. 2025)

The rises in retail sales volumes in July and the Halifax measure of house prices in August suggest the economy maintained some decent momentum early in Q3. The risk is talk of tax rises ahead of the...

5th September 2025 · 3 mins read

US Commercial Property Update

Dallas and Memphis out in front for warehouse rent prospects

Our refreshed analysis of the 34 largest US warehousing markets puts Dallas and Memphis in a close-fought battle for the top. Kansas City and Phoenix have risen up our rankings since last year, while...

4th September 2025 · 4 mins read

Middle East & North Africa Economics Weekly

OPEC+ meeting, Saudi debt issuances & housing reforms

We suspect that the OPEC+ meeting on Sunday will result in a decision to keep oil production unchanged in October, rather than raise production further. But the risks to oil prices are still skewed to...

4th September 2025 · 8 mins read

Europe Commercial Property Update

Low supply and robust economic growth to support prime Warsaw office rents

With new supply limited and solid GDP growth prospects supporting demand, we believe that Warsaw prime office rental growth will outpace the CEE average in 2025, before converging with the region’s...

4th September 2025 · 3 mins read

UK Commercial Property Rapid Response

S&P Global/CIPS Construction PMI (Aug. 25)

The headline CIPS construction PMI ticked up to 45.5 in August, from a five-year low in July. But that suggests construction activity is still contracting. Once again, a weak housing sector is...

4th September 2025 · 1 min read

UK Housing Market Update

Prime central London house prices to continue to lag behind

After falling by 16% from their 2021 peak to their recent trough in March, prime central London (PCL) house prices have risen in each of the three months to June. But with prime buyers less reliant on...

4th September 2025 · 3 mins read

US Housing Market Rapid Response

US Mortgage Applications (Aug. 2025)

Lower borrowing costs sparked a small rebound in home purchase mortgage applications in August, lending support to our view that existing home sales will see a modest lift in the second half of what...

3rd September 2025 · 2 mins read

APAC Commercial Property Chart Pack

APAC Commercial Property Chart Pack (Q3 2025)

Asia-Pacific all-property capital values showed signs of stabilisation, with a milder 2.5% y/y decline in Q2. Still, the upturn in both investment activity and capital values will be weaker than in...

2nd September 2025 · 1 min read

UK Commercial Property Rapid Response

Lending to UK commercial property (Jul. 25)

Net lending to property was strong again in July, reaching £1.8bn. While this was a slightly lower outturn than June, it nevertheless drove an acceleration in the three-month total, which hit £6.0bn...

1st September 2025 · 1 min read

UK Housing Market Rapid Response

UK Nationwide House Prices (Aug. 2025)

The unexpected fall in the Nationwide measure of house prices in August shows that the recovery in the housing market after the drag from the rise in stamp duty charges on 1st April is being held back...

1st September 2025 · 3 mins read

Australia & New Zealand Economics Update

Australia’s housing rebound continues to gather steam

Australian house prices rose at their fastest pace in 18 months in August. With leading indicators suggesting further gains are on the cards, we’re inclined to revise up our forecast for house prices...

1st September 2025 · 4 mins read