UK Commercial Property Rapid Response S&P Global/ CIPS UK Construction PMI (Feb. 25) The headline CIPS construction PMI dropped to 44.6 in February, from 48.1 in January, which was the lowest reading since May 2020. 6th March 2025 · 1 min read
US Commercial Property Update The biggest cities will continue to underperform Five years ago, we were downbeat about the immediate prospects for the largest city real estate markets, the so-called gateways, and that view has proved correct. But we also argued that this malaise... 5th March 2025 · 5 mins read
UK Housing Market Update Are UK and US households still keen to pay more for living space? The ‘race for space’ following the pandemic and shift to remote work is evident in both the UK and US, with houses becoming more expensive relative to flats. And that premium for larger homes looks... 4th March 2025 · 5 mins read
US Commercial Property Update Austin knocks Nashville off top spot for US remote workers Our updated analysis of the most attractive apartment markets for remote workers sees Austin nudge Nashville into second place after two years at the top of the table, with San Antonio climbing to... 3rd March 2025 · 3 mins read
UK Commercial Property Rapid Response Lending to UK commercial property (Jan. 25) Net lending to property had a steady start to 2025, with the total of £917mn in January down from £1.28bn in December 2024, but close to the average seen over 2024. 3rd March 2025 · 1 min read
US Commercial Property Chart Pack US Commercial Property Chart Pack (Q1 2025) All-property values edged down by 0.1% in Q4 but the magnitude of decline narrowed. Appraisal-based cap rates also fell for the first time since mid-2022. However, we still believe appraisals have... 28th February 2025 · 1 min read
Europe Commercial Property Chart Pack Europe Commercial Property Chart Pack (Q1 2025) Euro-zone prime property yields fell slightly in Q4, led by offices and industrial. However, a slowdown in rental gains as vacancy climbed higher meant that capital value growth slowed slightly... 28th February 2025 · 0 mins read
China Economics Update Homebuilding downturn will continue for years Policy support is helping developers secure financing and should boost their sales this year. This will allow them to intensify work on existing projects. But it won’t prevent homebuilding activity... 27th February 2025 · 4 mins read
Europe Commercial Property Update Industrial’s pandemic-era boom over; steady demand ahead Industrial property has been a clear winner over the past five years, with double-digit annual rental growth far outpacing expectations. However, as we predicted early on, supply has been responsive... 25th February 2025 · 5 mins read
US Commercial Property Valuation Monitor US Commercial Property Valuation Monitor (Q1 2025) With Treasury yields rising in Q4 and property cap rates falling for the first time since mid-2022, our property valuation scores declined across the board. This supports our view that the recovery in... 20th February 2025 · 1 min read
Europe Commercial Property Update How much longer can global hotels outperform? Hotels have seen a considerable turnaround in the past five years given the near-existential threat that the pandemic posed to the sector. Having bottomed last year, we expect values will grow in the... 20th February 2025 · 7 mins read
US Commercial Property Update Tech sector “remixing” will keep US office job growth weak It may seem odd that tech firms are likely to make further layoffs in 2025, while at the same time being one of the leading sectors for hiring intentions. But this broadly reflects cutbacks in less... 19th February 2025 · 3 mins read
UK Commercial Property Outlook UK Commercial Property Outlook: Weak economy to weigh on property recovery The economic outlook has worsened over the past couple of months, which supports our call that the recovery in commercial property will be modest by past standards. Admittedly, interest rates are set... 19th February 2025 · 26 mins read
US Housing Market Rapid Response US Housing Starts (Jan. 2025) The decline in housing starts in January is not a major concern, as it comes after a surge in starts in December and appears partly driven by the unseasonably harsh weather. Encouragingly, permit... 19th February 2025 · 2 mins read
Europe Commercial Property Valuation Monitor Europe Commercial Property Valuation Monitor (Q1 2025) Commercial property valuations worsened in Q4 last year as alternative asset yields rose while property yields edged lower, leaving only the prime office sector fairly valued. That said, the falls we... 19th February 2025 · 0 mins read
US Housing Market Chart Pack US Housing Market Chart Pack (Feb. 25) We think the window for further Fed interest rate cuts has closed, so mortgage rates should remain near their current 7% level this year, before a little more relief arrives in 2026. There will still... 18th February 2025 · 1 min read
