Europe Commercial Property Update European residential outperformance to persist over 2026-30 Residential rent growth is set to slow over the next couple of years as wage growth moderates, but we expect it to remain above past averages given tight supply conditions. Meanwhile, we think yields... 2nd December 2025 · 4 mins read
US Housing Market Chart Pack US Housing Market Chart Pack (Nov. 25) The Fed looks set to cut interest rates again in December, but we think investors are too optimistic about further easing next year. We expect only one 25bp cut in 2026, compared with roughly 75bp of... 1st December 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
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 Update Demographic projections point to resi underperformance in French and German cities Population growth is expected to slow over the next five years, but projections show wide differences across European cities. French and German markets are set to see the weakest demographic growth... 6th November 2025 · 3 mins read
UK Housing Market Outlook Possible tax rises a further headwind to housing Due to our view that lingering fiscal concerns will mean gilt yields and therefore mortgage rates will fall by less than we previously thought, we now expect house prices in the year to Q4 to rise by... 27th October 2025 · 17 mins read
US Housing Market Outlook Boost from lower mortgage rates to be short-lived While slightly lower borrowing costs have boosted the near-term outlook, the decline has not been large enough to meaningfully improve housing affordability. In addition, we believe that market... 20th October 2025 · 11 mins read
Global Commercial Property Update Retail and residential sectors set to outperform globally In a period of slow economic growth but stabilising inflation and earnings growth, we expect the residential sector to see the strongest rental growth globally, with industrial close behind thanks to... 15th October 2025 · 4 mins read
US Commercial Property Apartment Metros Outlook Strong supply pipelines cloud outlook for D.C. & Miami Multifamily is set to be a top-performing sector over our five-year forecast, but returns will differ significantly across the 17 metros in our coverage. Miami and D.C. are likely to struggle as... 9th October 2025 · 6 mins read
US Commercial Property Update Why have multifamily and industrial delinquency rates diverged? The CMBS delinquency rate for multifamily was the second highest in August, largely reflecting relatively loose lending practices around the turn of the decade which has led to an outsized impact from... 1st October 2025 · 4 mins read
US Housing Market Chart Pack US Housing Market Chart Pack (Sep. 25) We expect the recent drop in mortgage rates to give the housing market a short-term boost, although buying activity will remain low by historic standards. We expect the 30-year fixed rate to stay... 30th September 2025 · 1 min read
US Housing Market Update Lower rates to give mortgage lending a short-term lift We expect recent mortgage rate declines to support stronger lending and sales, prompting us to raise our end-2025 existing home sales forecast to 4.35m annualised, up from 4.15m. However, based on our... 29th September 2025 · 3 mins read
Middle East & North Africa Chart Pack Middle East & North Africa Chart Pack (Sep. '25) Our Middle East & North Africa Economics Chart Pack has been updated with the latest data and our analysis of recent developments. The Middle East and North Africa is set to record its fastest GDP... 26th September 2025 · 1 min read
Middle East & North Africa Economics Weekly Lebanon’s debt, Saudi & Dubai real estate Lebanon’s Eurobonds are trading at their strongest in over four years as investors’ hopes of a sovereign debt restructuring build amid the new government’s reform push. But we’d caution that, for a... 25th September 2025 · 7 mins read
UK Housing Market Chart Pack UK Housing Market Chart Pack (Sep. 2025) Possible tax rises in the Budget on 26th November risk further restraining housing activity next year. What’s more, our new forecast for 10-year gilt yields to fall from 4.71% now to 4.25% next year... 25th September 2025 · 1 min read
US Commercial Property Outlook Final value falls deferred again, but US CRE still overvalued Our view that capital values still need to fall by 5% at the all-property level keeps our forecasts below consensus. Based on our forecast of a long-term 10-year Treasury yield of 4.5%, appraised cap... 22nd September 2025 · 21 mins read
