Europe Economics Update

Spanish house prices will continue to climb

High income growth and immigration are likely to continue to drive increases in house prices in Spain over the coming years. Demand will be further boosted by the recent fall in mortgage interest...

3rd July 2025 · 4 mins read

Australia & New Zealand Economics Update

Stretched affordability will limit housing rebound

The fact that the RBA isn’t cutting interest rates during a housing downturn won’t limit the rebound in house prices, but the extremely stretched level of affordability will do so. Even though we...

3rd July 2025 · 3 mins read

UK Housing Market Rapid Response

UK Nationwide House Prices (Jun. 2025)

The large fall in the Nationwide measure of house prices in June shows that the housing market is still struggling to recover from the combination of the stamp duty induced lull and the subdued...

1st July 2025 · 3 mins read

Australia & New Zealand Economics Update

Australia's housing rebound has further to run

House prices rose the most since last year in June and with the RBA set to cut interest rates much further, the housing market will continue to gain momentum. However, affordability will remain quite...

1st July 2025 · 3 mins read

US Housing Market Chart Pack

US Housing Market Chart Pack (Jun. 2025)

Housing is struggling under the weight of high borrowing costs – a problem unlikely to ease if, as we expect, the Fed holds rates steady this year due to tariff-driven inflation, followed by only a...

30th June 2025 · 1 min read

US Housing Market Update

Dip in house prices won’t turn into deeper correction

Recent house price declines suggest a shift toward a more buyer-friendly market, as rising home listings increase choice and temper seller expectations. Nonetheless, leading indicators and solid...

30th June 2025 · 4 mins read

UK Economics Rapid Response

UK Money & Lending (May 2025)

Today’s money and lending data release supports wider evidence that activity was relatively soft in May. But with consumer confidence improving and real wages rising at a healthy clip, we still think...

30th June 2025 · 3 mins read

Australia & New Zealand Economic Outlook

ANZ Outlook: Central banks to loosen further as recoveries falter

Australia’s economy is struggling to gain momentum, while the recent rebound in activity in New Zealand isn’t likely to be sustained. As the lull in activity lifts spare capacity, underlying price...

26th June 2025 · 20 mins read

UK Housing Market Update

Why UK housing demand can recover despite high mortgage rates

Two developments in borrower and lending behaviour mean that housing activity and prices can be higher than before the pandemic for any given mortgage rate. That’s why we expect housing transactions...

18th June 2025 · 6 mins read

Canada Economics Update

Canada Housing Watch (June 25)

The rise in home sales in May suggests a nascent recovery is underway in the housing market following a tariff-induced shock. While we see further upside for house prices this year, as lower mortgage...

16th June 2025 · 4 mins read

UK Housing Market Rapid Response

UK Halifax House Prices (May 2025)

The fall back in house prices on the Halifax measure in May increases the chances that more of the recent soft patch in the housing market is due to the subdued economy than the temporary effects of...

6th June 2025 · 3 mins read

UK Housing Market Rapid Response

UK Nationwide House Prices (May 2025)

May’s 0.5% m/m increase in Nationwide house prices adds to the evidence that the recent soft patch for the housing market was a temporary blip rather than a longer-lasting downturn as a result of the...

2nd June 2025 · 3 mins read

Australia & New Zealand Economics Update

Australia in store for a tepid housing rebound

Australian house prices edged up a notch in May, and leading indicators suggest they will gather further momentum over the coming months. However, with debt-servicing costs set to remain onerous...

2nd June 2025 · 3 mins read

UK Housing Market Update

Softening in UK housing market will only be temporary

Leading indicators suggest most of the recent weakness in housing demand and prices is due to the temporary influence of the change in stamp duty rather than any longer-lasting influence of the softer...

29th May 2025 · 3 mins read

Australia & New Zealand Chart Pack

ANZ Chart Pack (May 2025)

Our ANZ Chart Pack has been updated with the latest data and our analysis of recent developments. Although continued trade tensions have heightened economic uncertainty, they have had only a modest...

29th May 2025 · 1 min read