Europe Commercial Property Update

Italian prime retail benefits from strong tourism

Solid tourism flows and a pick-up in consumer spending growth mean we believe both Rome and Milan prime retail rents will continue to outpace the euro-zone average over the next couple of years.

12th August 2025 · 2 mins read

UK Commercial Property Update

Strong rent prospects support UK industrial valuations

Decent rental growth expectations and a narrowing risk premium imply that industrial is only marginally overvalued, despite an historically narrow gap between industrial yields and alternative asset...

12th August 2025 · 3 mins read

Canada Economics Weekly

Weaker data support September rate cut

The weaker housing and trade data released this week support our call for a September rate cut, a view which investors are beginning to come round to.

8th August 2025 · 5 mins read

UK Commercial Property Valuation Monitor

UK Commercial Property Valuation Monitor (Q3 25)

Property valuations were unchanged in Q2, with both property and alternative asset yields steady over the quarter.

7th August 2025 · 1 min read

Europe Commercial Property Update

Swedish residential property to outperform Europe again

Swedish residential total returns have underperformed the European average over the past three years, but a bright rental outlook in particular means we think returns will slightly outperform Europe...

7th August 2025 · 4 mins read

UK Housing Market Rapid Response

UK Halifax House Prices (Jul. 2025)

The rise in Halifax house prices in July provides another indication that the housing market is recovering following the end of the stamp duty holiday on 31st March. But the subdued economic backdrop...

7th August 2025 · 3 mins read

US Commercial Property Update

A mid-year stock-take on US sector and metro level job growth

We expect office-based jobs growth to remain at a standstill through 2026 as the tech sector cuts back and AI fills some of the gap. At the metro level though, our expectations are broadly unchanged...

6th August 2025 · 4 mins read

US Housing Market Rapid Response

US Mortgage Applications (Jul 2025)

The fall in home purchase mortgage applications in July still leaves them roughly in line with where they started the year, and continuing to point to a rebound in existing home sales. While some...

6th August 2025 · 2 mins read

UK Commercial Property Rapid Response

S&P Global/ CIPS UK Construction PMI (Jul. 25)

The headline CIPS construction PMI dropped back in July to 44.3, the lowest since May 2020 when COVID lockdowns impacted activity.

6th August 2025 · 1 min read

UK Housing Market Rapid Response

UK Nationwide House Prices (Jul. 2025)

The bigger-than-expected rebound in the Nationwide measure of house prices in July shows that the recovery in the housing market after the stamp duty-induced lull is underway. While the weak labour...

1st August 2025 · 3 mins read

APAC Commercial Property Update

APAC sentiment trails other regions in Q2 RICS survey

The latest RICS survey showed that overall sentiment in Asia-Pacific is weaker than in other regions, but that there is significant variance within the region. Japan and Australia stood out as clear...

1st August 2025 · 3 mins read

Australia & New Zealand Economics Update

Affordability will dampen Australia’s housing rebound

Australia’s housing market gained traction in June, and leading indicators suggest the housing rebound has further to run. But with affordability set to remain extremely stretched despite the RBA’s...

1st August 2025 · 4 mins read

Europe Commercial Property Update

Q2 RICS survey shows muted euro-zone CRE recovery

The latest RICS survey indicated that the recovery in occupier and investor demand in the euro-zone was muted in Q2. While the reduction in tariff uncertainty should support demand further ahead, the...

31st July 2025 · 2 mins read

US Commercial Property Update

Q2 US RICS survey shows investment demand dented by uncertainty

While occupier market trends were mixed, the Q2 RICS survey showed a distinct downturn in investment market sentiment, with investment enquiries – and particularly those from abroad – well down from...

31st July 2025 · 3 mins read

UK Commercial Property Update

RICS survey shows a stagnant UK commercial real estate market

The RICS survey showed that occupier demand was still weak in Q2, with firms reluctant to expand in the face of higher costs and an uncertain economic outlook. In line with that, rental and capital...

31st July 2025 · 3 mins read