Canada Chart Pack

Canada Chart Pack (Oct. 2024)

The economy is stuck in a period of below-potential GDP growth, with previous interest rate hikes weighing on consumer spending and investment. This will keep downward pressure on core inflation...

30th September 2024 · 1 min read

UK Commercial Property Rapid Response

Lending to commercial property (Aug. 24)

Net lending to property reached £1.26bn in August, up from £520m the previous month. While lending to standing assets was responsible for the lion’s share of the increase, lending for development was...

30th September 2024 · 1 min read

UK Economics Rapid Response

UK Money & Lending (Aug. 2024)

August’s money and lending data provide further evidence that the gradual improvement in credit demand and supply in response to the falls in lending rates is supporting the economy. But the Bank of...

30th September 2024 · 3 mins read

UK Housing Market Rapid Response

UK Nationwide House Price Index (Sep. 2024)

September’s 0.7% m/m rise in Nationwide house prices suggests that August’s 0.2% m/m fall was just a blip and that the recent falls in mortgage rates are supporting house prices. What’s more, the...

30th September 2024 · 3 mins read

Europe Commercial Property Update

German logistics to go from leader to laggard

Tight supply conditions have boosted German prime logistics rents despite weak occupier demand. This looks set to continue over the next year or two given completions pipelines for the German markets...

26th September 2024 · 4 mins read

UK Commercial Property Update

Leisure to struggle as high earners’ incomes squeezed

The leisure sector is yet to show signs of recovery from the cost-of-living crisis, in part because still-cautious households are prioritising buying goods rather than expensive leisure services. But...

26th September 2024 · 3 mins read

China Rapid Response

China Politburo Meeting (Sep. 24)

The readout of the Politburo’s quarterly meeting on economic affairs has just been published by state media. It acknowledges that new problems have emerged in the Chinese economy recently and calls...

26th September 2024 · 2 mins read

US Commercial Property Update

Innovation clusters to drive flex R&D performance

The flex industrial subsector outperformed most other property types over the last cycle. Its underlying characteristics mean demand and returns will continue to be healthy ahead, though the winning...

25th September 2024 · 3 mins read

Commodities Update

New China stimulus won’t lift commodity demand

While the announcement of new stimulus measures by Chinese officials coincided with increases in many commodity prices, the package does not materially alter the outlook for China’s commodity demand...

25th September 2024 · 2 mins read

US Housing Market Rapid Response

New Home Sales (Aug. 2024)

New home sales dropped back slightly in August, which always seemed likely after the 10% surge in transactions the month before, driven by pent-up buyers responding to lower borrowing costs. Still...

25th September 2024 · 2 mins read

Australia & New Zealand Economic Outlook

RBA has less room to cut rates than the RBNZ

A tight labour market and elevated public demand will keep the RBA from loosening policy before early-2025. Moreover, we expect the forthcoming easing cycle to be short-lived by past standards. By...

25th September 2024 · 20 mins read

US Housing Market Update

Sellers lose grip on the market

Increased supply and weak demand are both contributing to the slowdown in house price growth. The recent sharp drop in mortgage rates should cause the market to retighten, but it will take time for...

24th September 2024 · 4 mins read

US Housing Market Rapid Response

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

Another muted 0.2% rise in house prices in July adds to the sense that the housing market is cooling amid weak buyer demand and growing supply. As price growth continues to moderate quickly with no...

24th September 2024 · 2 mins read

China Rapid Response

Stimulus package a step in the right direction

In a departure from their previous approach of drip-feeding piecemeal support measures, China’s financial regulators have just announced a coordinated package of stimulus measures. This is a step in...

24th September 2024 · 4 mins read

Europe Commercial Property Outlook

Industrial to outperform as muted recovery gets underway

After two disappointing years, commercial property values have stabilised. However, the recovery is set to be weak. We think yield falls in the coming years will be small compared to previous...

23rd September 2024 · 28 mins read