UK Commercial Property Rapid Response S&P Global/ CIPS UK Construction PMI (Mar. 25) The headline CIPS construction PMI saw a small rise in March to 46.4, from 44.6 in February. But that still left the balance below 50 and consistent with a contracting construction sector. 4th April 2025 · 1 min read
UK Housing Market Update Did the pandemic change where households are choosing to live? The pandemic triggered an exodus from large cities in both the UK and US as households used the freedom of remote work to move to cheaper locations with larger homes. In the rental market, that trend... 3rd April 2025 · 6 mins read
UK Housing Market Chart Pack UK Housing Market Chart Pack (Apr. 2025) The easing in house price growth in both February and March suggests momentum in the housing market is waning. What’s more, as we now think the Bank of England will press pause on the interest rate... 2nd April 2025 · 1 min read
UK Housing Market Rapid Response UK Nationwide House Prices (Mar. 2025) The stagnation in Nationwide house prices in March suggests any boost from buyers rushing to complete home purchases ahead of the rise in stamp duty from today may have run its course and/or been... 1st April 2025 · 3 mins read
Australia & New Zealand Economics Update RBA rate cuts won’t do much for housing affordability Australian house price growth remained soft in March, amid still-weak housing demand. Although the RBA’s easing cycle could help deliver a shift in momentum later this year, stretched affordability is... 1st April 2025 · 3 mins read
UK Economics Rapid Response UK Money & Lending (Feb. 2025) February’s money and lending figures provide some green shoots of households starting to save less and spend a little more freely. But one month doesn’t make a trend and GDP growth will probably... 31st March 2025 · 3 mins read
US Housing Market Chart Pack US Housing Market Chart Pack (Mar. 25) We think markets are too optimistic about Fed rate cuts this year, meaning the recent dip in mortgage rates is just a temporary respite. We expect rates to rebound to 7% and hover around that level... 25th March 2025 · 1 min read
US Housing Market Rapid Response US New Home Sales (Feb. 2025) After a large partly weather-driven fall in January, last month’s small rebound in new home sales was a little underwhelming but still illustrates that the market for new homes is in decent shape. 25th March 2025 · 2 mins read
US Housing Market Rapid Response US Case-Shiller/FHFA House Prices (Jan. 2025) The solid 0.5% m/m rise in house prices in January and accompanying pick-up in house price inflation to 4.7%, from 4.6%, confirms that the market has stopped cooling for now. While we still expect... 25th March 2025 · 2 mins read
Europe Commercial Property Focus Dutch residential to outperform in the euro-zone Residential has been the Netherlands’ strongest performing commercial property sector since the GFC, with bumper rent growth a key contributor to that outperformance. Looking ahead, slower wage growth... 24th March 2025 · 18 mins read
Australia & New Zealand Economic Outlook ANZ Outlook: RBA will cut less aggressively than RBNZ Both Antipodean economies seem to have turned a corner at the end of last year, and we expect the recoveries to gather momentum in the coming quarters. Given the tight labour market and elevated... 25th March 2025 · 20 mins read
US Housing Market Rapid Response US Existing Home Sales (Feb 2025) The small rise in existing home sales in February is unlikely to mark the start of a period of strength for buying activity given that purchase mortgage applications, which lead transactions by a... 20th March 2025 · 1 min read
US Housing Market Rapid Response US Housing Starts (Feb. 2025) The sharp rebound in housing starts in February and healthy permit issuance shows that the housing market is still holding up well. Nonetheless, with tariff concerns continuing to weigh on... 18th March 2025 · 2 mins read
Canada Economics Update Canada Housing Watch (Mar. 2025) While unseasonably severe winter weather has undoubtedly played some role in the recent weakness of home sales, we suspect the sharp drop in house prices in February can also be blamed on the growing... 17th March 2025 · 4 mins read
UK Housing Market Update UK rental demand to cool, but it won’t collapse The surge in rental demand is over, but rental demand will probably remain stronger than pre-pandemic levels. That suggests the prop to rents growth in 2025 and 2026 from solid demand will fade only... 13th March 2025 · 3 mins read
UK Housing Market Update UK RICS Residential Market Survey (Feb. 2025) February’s RICS survey suggests the downside risks to our 2025 forecasts for housing demand and prices from the weak economy continue to grow. But bigger falls in mortgage rates than most expect over... 13th March 2025 · 3 mins read
