Europe Commercial Property Update

French residential property returns to lag the pack

Softer rental prospects, less scope for yields to fall and lower income returns look set to weigh on French residential property returns compared to Germany, the UK and the US in the coming years.

29th October 2024 · 3 mins read

US Housing Market Rapid Response

Existing Home Sales (Sep. 2024)

The 1% m/m fall in seasonally adjusted existing home sales in September seems underwhelming given last month’s drop in mortgage rates, but the rise in mortgage applications in September points to a...

23rd October 2024 · 2 mins read

Europe Commercial Property Focus

What is the outlook for German residential?

Poor economic growth and vulnerability to structural change in the office and retail sector are set to weigh on German property returns in the coming years. But solid rental prospects in the...

23rd October 2024 · 14 mins read

US Housing Market Rapid Response

Housing Starts (Sep. 2024)

The small fall in housing starts in September was entirely due to the multi-family segment, whereas single-family starts rose to a five-month high. While starts will probably weaken this month due to...

18th October 2024 · 2 mins read

US Housing Market Outlook

Lower mortgage rates to gradually thaw frozen market

We expect mortgage rates to continue falling, dropping below 6% in 2026. Lower borrowing costs will breathe some life into the market, but stretched affordability and tight supply due to mortgage rate...

10th October 2024 · 14 mins read

US Housing Market Rapid Response

Mortgage Applications (Sep. 2024)

The impact of lower mortgage rates was finally evident in mortgage applications in September, with applications for home purchase rebounding to a three-month high. With mortgage rates falling to...

2nd October 2024 · 2 mins read

Global Commercial Property Chart Pack

Global Commercial Property Chartpack (Q3 2024)

All-property values have stabilised in the UK but we expect further falls elsewhere, especially in the US. Combined with a weaker office outlook, the US is set to underperform over the next couple of...

2nd October 2024 · 0 mins read

US Commercial Property Apartment Metros Outlook

Miami apartment market to feel the heat over 2025-28

Apartment markets are turning a corner, and we now expect the sector to outperform over the five year forecast. As new supply drops back from the second half of next year, we expect a mixture of...

1st October 2024 · 7 mins read

US Housing Market Update

Sellers lose grip on the market

Increased supply and weak demand are both contributing to the slowdown in house price growth. The recent sharp drop in mortgage rates should cause the market to retighten, but it will take time for...

24th September 2024 · 4 mins read

US Housing Market Rapid Response

Case-Shiller/FHFA House Prices (Jul. 2024)

Another muted 0.2% rise in house prices in July adds to the sense that the housing market is cooling amid weak buyer demand and growing supply. As price growth continues to moderate quickly with no...

24th September 2024 · 2 mins read

US Housing Market Rapid Response

Existing Home Sales (Aug. 2024)

The slump in existing home sales in August shows that the sharp fall in mortgage rates since late-July is yet to stimulate the market, although the signs of life in last week’s purchase mortgage...

19th September 2024 · 2 mins read

US Housing Market Rapid Response

Housing Starts (Aug. 2024)

The large rise in housing starts in August was due to a rebound in starts in the south, confirming that the July slump was a temporary disruption caused by Hurricane Beryl. The increase in permits...

18th September 2024 · 2 mins read

UK Housing Market Chart Pack

UK Housing Market Chart Pack (Sep. 2024)

We doubt the small fall in Nationwide house prices in August was the start of a renewed downturn. Surveys suggest the recent declines in mortgage rates have led to an increase in housing demand, while...

17th September 2024 · 1 min read

UK Commercial Property Update

Should institutions be worried about Renters’ Rights?

By making life harder for unscrupulous landlords, the Renters’ Rights Bill may help drive tenant demand toward institutional landlords who are already complying with most aspects of the proposed...

13th September 2024 · 3 mins read

US Commercial Property Outlook

Apartments to top the charts with total returns of 9.5% p.a.

There are tentative signs of improvement in the investment market, but we continue to think refinancing requirements will weigh on transactions. We still think appraisal-based valuations need to...

12th September 2024 · 21 mins read