Asset Allocation Long-Term Outlook Don’t expect another roaring ‘20s, even after virus fears fade This is the first edition of our annual Long-Term Asset Allocation Outlook. It covers the outlook for asset returns over the next decade, and is designed to complement the standard Asset Allocation... 4th March 2020 · 20 mins read
US Commercial Property Update What’s debt got to do with it? The worst commercial real estate busts have tended to follow a ramping-up in lending activity, driven by the availability of debt rising and its cost falling. However, regularly updated Fed lending... 14th February 2020 · 3 mins read
UK Commercial Property Update How might coronavirus impact European high streets? A reduction in Chinese tourism as a result of the coronavirus will lead to lower spending on prime high streets, particularly in Rome, Paris and London. If tourism reduces on a global scale, the... 4th February 2020 · 3 mins read
US Commercial Property Focus Six key calls for US commercial property We are launching our new subscription service on US commercial real estate by outlining six key calls that we believe will shape the sector’s story in the coming years. The macroeconomic environment... 28th January 2020 · 18 mins read
China Economics Focus China Property Handbook China’s property sector is central to its economic performance, its demand for many materials and the stability of its financial system. In this updated and expanded Handbook, we discuss the drivers... 9th December 2019 · 41 mins read
China Economics Weekly Will residency reforms revive the property market? The government’s plans to make it easier for rural migrants in small cities to acquire urban residency permits have raised hopes of a revival in property sales. But the nationwide impact will probably... 12th April 2019 · 1 min read
Europe Commercial Property Update Structurally lower interest rates support valuations With interest rates likely to be structurally lower in the future, prime property yields are unlikely to return to historical levels. As such, we have re-weighted our valuation scores to exclude the... 9th January 2019 · 1 min read
China Economics Focus China Property Handbook China’s property sector is crucial to the economy’s performance and to China’s demand for many materials. In this updated and expanded Handbook, we discuss the drivers of the property cycle and answer... 4th December 2018 · 1 min read
Europe Commercial Property Update How big is the threat of zombie malls in Europe? Dire predictions for US shopping centre closures appear relatively well-founded. However, for a variety of reasons – including more defensive lease terms, lower stock per capita and tighter planning... 3rd May 2018 · 6 mins read
China Economics Focus China Property Handbook China’s property sector is crucial to the economy’s performance and to China’s demand for many materials. In this Focus, we discuss the drivers of the property cycle and answer the key questions on... 30th November 2017 · 1 min read
Europe Commercial Property Focus Which markets offer the best relative value to investors? With government and corporate bond yields at all-time lows in most of Europe and equity dividend yields close to their long-term averages, European commercial property looks relatively well-priced... 8th October 2015 · 30 mins read
China Economics Update Property tax falls short of (low) expectations The property tax plans that were announced yesterday look more like token measures than serious attempts to dampen property market speculation or provide local governments with a secure source of... 28th January 2011 · 4 mins read
