UK Housing Market Update Did the pandemic change where households are choosing to live? The pandemic triggered an exodus from large cities in both the UK and US as households used the freedom of remote work to move to cheaper locations with larger homes. In the rental market, that trend... 3rd April 2025 · 6 mins read
UK Housing Market Chart Pack UK Housing Market Chart Pack (Apr. 2025) The easing in house price growth in both February and March suggests momentum in the housing market is waning. What’s more, as we now think the Bank of England will press pause on the interest rate... 2nd April 2025 · 1 min read
Europe Commercial Property Focus Large variation in long-term office demand prospects across the euro-zone Five years since the onset of the pandemic, the share of remote working in the euro-zone has generally increased by more than we had expected back in 2020. But office-based employment growth has also... 2nd April 2025 · 11 mins read
UK Housing Market Rapid Response UK Nationwide House Prices (Mar. 2025) The stagnation in Nationwide house prices in March suggests any boost from buyers rushing to complete home purchases ahead of the rise in stamp duty from today may have run its course and/or been... 1st April 2025 · 3 mins read
Australia & New Zealand Economics Update RBA rate cuts won’t do much for housing affordability Australian house price growth remained soft in March, amid still-weak housing demand. Although the RBA’s easing cycle could help deliver a shift in momentum later this year, stretched affordability is... 1st April 2025 · 3 mins read
UK Economics Rapid Response UK Money & Lending (Feb. 2025) February’s money and lending figures provide some green shoots of households starting to save less and spend a little more freely. But one month doesn’t make a trend and GDP growth will probably... 31st March 2025 · 3 mins read
UK Commercial Property Rapid Response Lending to UK commercial property (Feb. 25) Net lending to property continued its recent run of strength in February, with total lending of £1.58bn up from £917m in January and the highest monthly figure since May 2020. 31st March 2025 · 1 min read
Canada Economic Outlook Canada Outlook: Tariffs to push Canada into recession We have raised our assumption for the average US tariff rate that Canadian exporters will face, to a level that will likely push the economy into recession. The downturn should be only moderate if, as... 27th March 2025 · 15 mins read
Europe Commercial Property Outlook Europe Commercial Property Outlook: Higher interest rates weaken the recovery Following upward revisions to our forecasts for policy rates and bond yields, we have raised our forecasts for prime property yields in Europe and now expect increases of around 20-25bps by the end of... 27th March 2025 · 28 mins read
China Economic Outlook China Outlook: Export slowdown looms as domestic drags persist Increased US tariffs will exacerbate a broader slowdown in exports. China’s economy will also face continued drags from the property downturn and wider deflationary dynamics. A sizeable fiscal... 26th March 2025 · 16 mins read
US Commercial Property Office Metros Outlook US Office Metros Outlook: Southern metros set for clear outperformance The divergence between the struggling western metros and the better-performing southern metros remains the key story in office markets. That expectation is underpinned by both higher office... 25th March 2025 · 6 mins read
US Housing Market Chart Pack US Housing Market Chart Pack (Mar. 25) We think markets are too optimistic about Fed rate cuts this year, meaning the recent dip in mortgage rates is just a temporary respite. We expect rates to rebound to 7% and hover around that level... 25th March 2025 · 1 min read
US Housing Market Rapid Response US New Home Sales (Feb. 2025) After a large partly weather-driven fall in January, last month’s small rebound in new home sales was a little underwhelming but still illustrates that the market for new homes is in decent shape. 25th March 2025 · 2 mins read
US Housing Market Rapid Response US Case-Shiller/FHFA House Prices (Jan. 2025) The solid 0.5% m/m rise in house prices in January and accompanying pick-up in house price inflation to 4.7%, from 4.6%, confirms that the market has stopped cooling for now. While we still expect... 25th March 2025 · 2 mins read
Europe Commercial Property Focus Dutch residential to outperform in the euro-zone Residential has been the Netherlands’ strongest performing commercial property sector since the GFC, with bumper rent growth a key contributor to that outperformance. Looking ahead, slower wage growth... 24th March 2025 · 18 mins read
Australia & New Zealand Economic Outlook ANZ Outlook: RBA will cut less aggressively than RBNZ Both Antipodean economies seem to have turned a corner at the end of last year, and we expect the recoveries to gather momentum in the coming quarters. Given the tight labour market and elevated... 25th March 2025 · 20 mins read
