US Commercial Property Valuation Monitor

US Commercial Property Valuation Monitor (Q4 2025)

Property edged into fair value territory in Q3, extending recent improvements, despite real estate yields moving lower. This will help support investment ahead, though we think appraised cap rates...

26th November 2025 · 1 min read

UK Commercial Property Outlook

UK Commercial Property Outlook: Higher gilt yields and taxes to weigh on recovery

With the 10-year gilt yield now set to be higher for longer and the Budget likely to raise taxes on households, the outlook for commercial property has become a bit gloomier. We now expect total...

25th November 2025 · 26 mins read

US Housing Market Rapid Response

US Case-Shiller/ FHFA House Prices (Sep 2025)

The 0.1% m/m rise in house prices in September matched August’s modest gain, and points to a tentative house price recovery from here. We are predicting that a pick-up in demand paired with nagging...

25th November 2025 · 2 mins read

Europe Commercial Property Update

2026 looking brighter for European property investment

The muted, uneven recovery in European investment continued in Q3, with indicators suggesting this will persist in Q4. The outlook for 2026 looks brighter, with lower interest rates providing a key...

25th November 2025 · 3 mins read

Europe Commercial Property Chart Pack

Europe Commercial Property Chart Pack (Q4 2025)

Softening rental growth and steady yields weighed on capital value growth in many markets in Q3. And this is likely to continue, with our Capital Value Lead Indicator pointing to a further slowdown in...

24th November 2025 · 0 mins read

UK Housing Market Update

Mansion tax may not be as big as previously feared

An average annual council tax surcharge in the Budget on 26 th November of possibly around £2,000 for owners of the most expensive homes may be only a modest drag on activity and prices at the top end...

21st November 2025 · 3 mins read

China Economics Weekly

Property stimulus plans, Japanification of the bond market

Policymakers are mulling a new property stimulus package, including mortgage subsidies for new homebuyers. But this is unlikely to revive demand, as most households remain reluctant to buy in a...

21st November 2025 · 4 mins read

US Commercial Property Chart Pack

US Commercial Property Chart Pack Q4 2025

All-property capital values were flat in Q3 and our CE Capital Value Lead Indicator suggests more of the same in Q4 and into early 2026. Lagging appraisal adjustments and still-high financing costs...

20th November 2025 · 0 mins read

US Housing Market Rapid Response

US Existing Home Sales (Oct. 2025)

Lower borrowing costs were behind the further small pick-up in existing home sales last month. As we expect less Fed policy easing next year than markets are currently pricing in, however, mortgage...

20th November 2025 · 2 mins read

US Housing Market Update

Has the Sun Belt lost its shine?

Lower net domestic migration has substituted in for the earlier supply glut as the main factor putting downward pressure on house prices in the Sun Belt’s previously red-hot metros. We doubt the...

19th November 2025 · 5 mins read

UK Housing Market Chart Pack

UK Housing Market Chart Pack (Nov. 2025)

While the recent pace of transactions and house price growth is unlikely to be sustained over the coming months, we doubt it will slow by as much as some sentiment indicators suggest. But by crimping...

19th November 2025 · 1 min read

Europe Commercial Property Valuation Monitor

Europe Commercial Property Valuation Monitor (Q4 2025)

Commercial property valuations held steady in Q3, supported by lower equity dividend yields despite higher government bond yields. Looking ahead, there is limited scope for falls in government bond...

19th November 2025 · 0 mins read

Canada Economics Update

Canada Housing Watch (Nov. 2025)

October’s housing data were broadly positive, with sales and prices both up on the month. We expect falling starts and a lower path for the Bank’s policy rate than markets are pricing in to drive a...

18th November 2025 · 4 mins read

UK Commercial Property Update

Key client questions from our commercial property in 2026 roundtables

Recently we held a series of roundtable discussions with clients in our London office about the outlook for commercial real estate in 2026 and beyond. This note shares our answers to some of the most...

18th November 2025 · 6 mins read

APAC Commercial Property Chart Pack

APAC Commercial Property Chart Pack (Q4 2025)

Asia-Pacific all-property capital value declines slowed further with Q3 down just 1.1% y/y. Yet we expect the recovery to be modest, constrained by high risk-free rates and limited rental growth...

18th November 2025 · 1 min read