UK Commercial Property Outlook

UK Commercial Property Outlook: Property recovery faces numerous headwinds

UK commercial property rental growth continues to surprise on the upside, but the capital value recovery is already running out of steam. Looking ahead, weak economic growth, a narrow spread between...

22nd August 2025 · 26 mins read

US Housing Market Rapid Response

US Existing Home Sales (Jul. 2025)

Despite a small uptick in July, home sales have held in a narrow 3.9-4.1 million annualised range since mid-2023, a historically weak level that highlights the lack of momentum in the struggling...

21st August 2025 · 2 mins read

US Housing Market Update

Is rising FHA loan distress a canary in the coalmine?

Rising delinquency rates among typically lower-income FHA borrowers hint at stress in riskier segments of the residential mortgage market. But since most FHA borrowers remain in decent financial shape...

20th August 2025 · 4 mins read

Europe Commercial Property Chart Pack

Europe Commercial Property Chart Pack (Q3 2025)

Tariff uncertainty weighed on investment and industrial property in particular in Q2. However, we don’t expect much recovery in H2 as long-term interest rates rise and economic growth softens. Indeed...

20th August 2025 · 0 mins read

UK Housing Market Update

Could UK property tax reforms boost the economy?

The Chancellor is reportedly considering replacing stamp duty land tax and council tax with alternative property taxes in the Autumn Budget. Even if this was revenue-neutral, it could be more...

19th August 2025 · 5 mins read

US Commercial Property Valuation Monitor

US Commercial Property Valuation Monitor (Q3 2025)

Valuation scores held steady in Q2 and continue to suggest the sector is a little overvalued. This underpins our view that values still need further falls to support a stronger pickup in investment...

19th August 2025 · 0 mins read

US Housing Market Rapid Response

US Housing Starts (July 2025)

While the pick-up in housing starts in July was somewhat of a positive surprise, as we expected flooding in Texas to heavily weigh on groundbreaking, the continued loss of momentum in permit issuance...

19th August 2025 · 2 mins read

Canada Economics Update

Canada Housing Watch (Aug. 2025)

The fourth consecutive rise in home sales in July means that the housing market is developing close to our expectations, with prices stabilising last month. Housing starts recorded another strong...

18th August 2025 · 4 mins read

Europe Commercial Property Valuation Monitor

Europe Commercial Property Valuation Monitor (Q3 2025)

Commercial property valuations improved in Q2 this year as alternative asset yields fell even though prime property yields edged slightly lower. Looking ahead, we think government bond yields will...

18th August 2025 · 0 mins read

APAC Commercial Property Valuation Monitor

APAC Commercial Property Valuation Monitor (Q3 2025)

The decline in Q2 government bond yields boosted APAC valuation scores. But with risk-free rates still high, property yields will not see meaningful falls.

18th August 2025 · 1 min read

Middle East & North Africa Economics Weekly

MENA Weekly: Egypt’s central bank governor race & rate cuts, Dubai’s boom

The term of the incumbent Central Bank of Egypt governor, Hassan Abdalla, is due to expire next week and, while it is not yet clear if Mr. Abdalla will be kept on or a successor appointed, it will be...

14th August 2025 · 6 mins read

US Housing Market Update

Labour market slowdown won’t curtail rental demand

The recent slowdown in the labour market won’t stop rental demand from continuing to climb this year, given that falling labour demand and the immigration clampdown are most impacting cross-sections...

14th August 2025 · 3 mins read

Europe Commercial Property Update

Spanish industrial rent outlook solid, but little room for yield falls

The solid pace of economic growth in Spain over the next couple of years will continue to support robust rates of industrial rental growth. However, we don’t think that will be enough to justify large...

14th August 2025 · 3 mins read

UK Housing Market Update

UK RICS Residential Market Survey (Jul. 2025)

The still tight rental market and softening in housing activity recorded by the RICS survey in July implies that rents will continue to rise faster than house prices for another year or so.

14th August 2025 · 2 mins read

Global Commercial Property Update

Global CRE needs a reset for real recovery to take hold

With interest rates staying high and closed-end funds already sitting on a large volume of investors’ capital, global real estate fundraising looks set to stay in the doldrums. We think the sector...

13th August 2025 · 5 mins read