UK Housing Market Data Response RICS Residential Market Survey (Mar.) The latest RICS survey brought early signs that, having been a sellers’ market for the past two years, the balance is shifting. That suggests we are right to expect a moderation in house price growth... 14th April 2022 · 2 mins read
US Commercial Property Update Winning and losing office metros from hybrid work Structural changes to working patterns and the resultant shifts in office demand will vary by industry and job type. Occupations like life and physical sciences are likely to see a low adoption of... 13th April 2022 · 4 mins read
US Housing Market Update Desperate buyers give home sales and prices a boost The surge in mortgage rates means home buyers with a mortgage preapproval from late January will see a rise in mortgage payments of 15% if they can’t find a home before their approval expires at the... 13th April 2022 · 3 mins read
Europe Commercial Property Update Rising costs an upside risk to German industrial rents While prime industrial rental growth in the German markets is expected to slow in the next couple of years, it will remain above its past averages. But the risks are to the upside given the rise in... 11th April 2022 · 3 mins read
US Housing Market Chart Pack Mortgage rates set to rise to over 5% Mortgage rates are set to rise to over 5% within the next couple of weeks which will help cool, but not crash, housing market activity. Pent-up demand from the last couple of years as buyers have... 8th April 2022 · 9 mins read
Europe Commercial Property Update Short-term boost to Spanish office rents We think that a rebound in employment will help prime office rental growth in Barcelona and Madrid to outperform the euro-zone this year. But this is likely to be short-lived, as the shift to remote... 8th April 2022 · 3 mins read
China Economics Weekly Housing market revival delayed by outbreak Prior to the latest COVID-19 outbreak, China’s housing market had appeared on the cusp of a rebound. But movement restrictions and weaker consumer confidence have since caused home sales to slump... 8th April 2022 · 7 mins read
UK Commercial Property Update How worried should property be about higher rates? Rising interest rates have put the outlook for property prices back under the spotlight. But, with lending practices much more restrained in this cycle and the market level loan-to-value ratio well... 7th April 2022 · 3 mins read
US Housing Market Outlook Apartment Metro Outlook Following a surge last year, rental growth at the national level is set to slow over the next couple of years as demand falls back and affordability constraints bite. Alongside a gradual rise in... 7th April 2022 · 11 mins read
UK Housing Market Data Response Halifax House Prices (Mar.) Another large jump in house prices in March kept Halifax’s measure of house price inflation comfortably in double figures. With competition between buyers still intense, house price inflation could... 7th April 2022 · 2 mins read
Australia & New Zealand Economic Outlook RBA to tighten more sharply than most anticipate We expect Australia’s GDP to surpass its pre-virus trend as soon as this quarter and to keep expanding at a robust pace thereafter. While wage growth will accelerate only gradually, we expect... 7th April 2022 · 24 mins read
US Commercial Property Data Response US Metro Employment (Feb.) The jobs recovery continued in February, for both total employment and office-based roles. But the divergence in performance of the last two years is persisting, reinforcing our view that many of the... 6th April 2022 · 3 mins read
US Housing Market Data Response Mortgage Applications (Mar.) Mortgage rates continue their upward climb in March, reaching a 40-month high of 4.9% by the end of the month. As yet, that has done little to cut home purchase demand. Indeed, applications saw a... 6th April 2022 · 2 mins read
UK Commercial Property Data Response S&P Global/CIPS Construction PMI (Mar.) The continued strength of the construction PMI in March suggests that activity in the sector increased despite ongoing headwinds from supply constraints and cost inflation. The rise in new orders... 6th April 2022 · 2 mins read
Europe Commercial Property Update Amsterdam and Rotterdam retail to trail With cyclical pandemic effects fading, the backdrop has improved for Dutch retail. However, having been hardest hit in 2020-21, the structural legacy of COVID-19 and higher economic barriers to... 4th April 2022 · 3 mins read
UK Housing Market Update Valuations are most stretched in southern regions Despite strong house price growth across the country over the past two years, including in regions that had lagged behind, valuations are most stretched in the usual places. As a result, house prices... 4th April 2022 · 3 mins read
