Europe Commercial Property Update Improving CRE lending outlook unlikely to boost investment Recent surveys of real estate lenders point to a continued improvement in the European commercial real estate lending environment. However, with refinancing still dominating lending activity, this is... 23rd July 2025 · 3 mins read
UK Commercial Property Update Will lender confidence drive UK commercial property capital values up? The current narrow spread between property yields and financing costs, combined with bullish lender capital value expectations, might be seen as an indication that a credit cycle is brewing and... 18th July 2025 · 4 mins read
UK Commercial Property Update Upward-only rent review ban in England and Wales would nudge commercial property yields up Experience from Ireland suggests that a ban on upward-only rent reviews will weigh on future rental growth and widen property yield spreads to risk-free rates. While the overall impact is unlikely to... 15th July 2025 · 4 mins read
APAC Commercial Property Chart Pack APAC Commercial Property Chart Pack (Q2 2025) All-property Asia-Pacific capital values fell at a slower rate of 3.4% y/y in Q1, driven by smaller declines in Australia and Hong Kong. But looking ahead, we expect the upturn in both investment... 9th July 2025 · 0 mins read
Event Asia Drop-In: Hong Kong commercial property – How much more pain ahead? 31st July 2025, 9:00AM BST One of the most striking calls in our new Asia-Pacific commercial property coverage is the scale of the downturn we still expect for Hong Kong, with all-property capital values set to fall by more
UK Commercial Property Rapid Response S&P Global/ CIPS UK Construction PMI (Jun. 25) The headline CIPS construction PMI rose for the fourth consecutive month in June to 48.8, a six-month high. 4th July 2025 · 1 min read
APAC Commercial Property Update Six key calls for Asia-Pacific Commercial Real Estate We are forecasting a slower recovery in APAC real estate markets than in any other cycle, the extent of which would also make the region a global laggard. Within the region, we also expect a further... 2nd July 2025 · 3 mins read
Global Commercial Property Chart Pack Global Commercial Property Chartpack (Q2 2025) The gradual recovery in property values underway in Europe is unlikely to be pushed off track by tariff developments this year, but we think values still have further to fall in the US and APAC as... 2nd July 2025 · 1 min read
UK Commercial Property Rapid Response Lending to commercial property (May 25) Net lending to property had another strong month in May, with the total of £2.15bn the largest amount in five years. 30th June 2025 · 1 min read
APAC Commercial Property Outlook Values to fall as region’s markets struggle to recover The outlook for the Asia-Pacific markets is relatively poor. We think higher-for-longer bond yields will limit the pace of recovery in this cycle globally, but this will be compounded by a weak... 27th June 2025 · 20 mins read
Europe Commercial Property Outlook Europe Commercial Property Outlook: Insulated from tariffs but outlook for property values is weak European commercial property is relatively insulated from the direct impact of US tariffs, but property markets are also not likely to see substantial benefit from more fiscal spending. In all, our... 19th June 2025 · 27 mins read
UK Commercial Property Chart Pack UK Commercial Property Chart Pack (Jun. 25) UK commercial property is on the road to recovery and lending to the sector has been strong in recent months. But with yields set to remain stable, the rise in capital values will be modest over the... 18th June 2025 · 1 min read
UK Commercial Property Update Closing UK commercial property SDLT ‘loophole’ will weigh on capital values The Deputy Prime Minister has urged the Chancellor to close the commercial property stamp duty ‘loophole’, which could lead to an average increase in tax on property transactions of 2.0 to 2.5%-pts... 13th June 2025 · 3 mins read
US Commercial Property Update Corporate bonds offer more proof of stretched US CRE valuations On the back of the MSCI and NCREIF indices reporting rising capital values in Q1 and our significantly below-consensus forecast views for the next two years, we are again re-evaluating our forecasts... 11th June 2025 · 3 mins read
UK Commercial Property Update UK commercial property development on the road to recovery After a lean couple of years, the outlook for commercial property construction is brightening. While the economic outlook is fairly weak, vacancy rates in some subsectors such as prime offices and... 6th June 2025 · 4 mins read
UK Commercial Property Rapid Response S&P Global/ CIPS UK Construction PMI (May 25) The headline CIPS construction PMI rose for the third consecutive month in May, although the rise from 46.6 to 47.9 still suggests that construction activity is contracting. Within the headline figure... 5th June 2025 · 1 min read
