UK Commercial Property Update IPF Consensus Forecasts (Sep 24.) The latest IPF Consensus Survey showed forecasters are finally coming around to our long-held view that retail will preform relatively well over the next five years. Total returns for all the retail... 6th September 2024 · 3 mins read
China Economics Weekly Mortgage rate cut would offer modest consumption boost Officials in China are reportedly planning to reduce the interest rate on existing mortgages. A similar move last year did little to lift consumption because the reduction in mortgage rates was offset... 6th September 2024 · 7 mins read
UK Housing Market Rapid Response UK Halifax House Prices (Aug. 2024) The second consecutive monthly rise in the Halifax house price index in August supports our view that the fall in the Nationwide house price index in the same month was a blip and isn’t the start of... 6th September 2024 · 3 mins read
Europe Commercial Property Update Is industrial demand back on track? The most recent European industrial take-up figures were slightly more encouraging. We expect activity will continue to slowly improve over the next couple of years, supported by the consumer recovery... 5th September 2024 · 3 mins read
UK Commercial Property Rapid Response S&P Global/CIPS Construction PMI (Aug 24) The headline CIPS construction PMI edged back in August, but at 53.6 it remained in expansionary territory for the sixth consecutive month. 5th September 2024 · 1 min read
US Commercial Property Update Dallas tops our updated rankings of 34 industrial markets The dynamism of the industrial sector means that market-level outperformance is often only achievable for short periods, because either relative value deteriorates or new supply quickly completes... 4th September 2024 · 4 mins read
US Housing Market Rapid Response Mortgage Applications (Aug. 2024) The drop in home purchase mortgage applications in August is surprising given the sharp fall in mortgage rates the month before. Some would-be buyers may be delaying their purchases due to increased... 4th September 2024 · 2 mins read
US Commercial Property Update Immigration will support largest multifamily markets While the headline-hitting surge in immigration last year was mainly driven by a spike in unauthorized movement, legal immigration has picked up from its pandemic lows, which is good news for many... 3rd September 2024 · 4 mins read
Europe Commercial Property Update Worst of online drag is over, especially in the south Recent estimates add to the evidence that online retail shares are growing more slowly across Europe. There has also been little sign of convergence in online shares, supporting our long-held view... 3rd September 2024 · 3 mins read
Australia & New Zealand Economics Update Australia CoreLogic House Prices (Aug.) With transaction volumes moderating and inventory rising, we expect the Australian housing market to cool in months ahead. 2nd September 2024 · 2 mins read
UK Commercial Property Rapid Response Lending to commercial property (Jul. 24) Net lending to commercial property was positive for the fourth consecutive month in July, albeit by a smaller £520mn. With development lending still negative, this was driven entirely by a rise in... 30th August 2024 · 1 min read
UK Economics Rapid Response UK Money & Lending (Jul. 2024) July’s money and lending data provide further evidence that a steady improvement in the flow and demand of credit is supporting the economic recovery. That said, credit growth is unlikely to... 30th August 2024 · 3 mins read
UK Housing Market Rapid Response UK Nationwide House Price Index (Aug. 2024) Despite the recent declines in mortgage rates, the small fall in the Nationwide house price index in August suggests affordability constraints on households continue to bite. But the further drop in... 30th August 2024 · 3 mins read
Europe Commercial Property Update Prime office rent gains to beat consensus expectations Prime office rents look set to rise by more than we had previously expected over the next few years given still low CBD vacancy, preferences for prime space and cuts to the supply pipeline in 2025-26... 29th August 2024 · 3 mins read
UK Commercial Property Update Is the City of London bouncing back? City offices have underperformed their West End neighbours by a wide margin since 2022. More encouraging recent data have led us to revise up our City rental projections, but we still expect stronger... 28th August 2024 · 3 mins read
