US Commercial Property Chart Pack US Commercial Property Chart Pack (Q3 24) While investment has tentatively turned a corner, subdued activity and further rises in cap rates mean 2024 will still be a tough year. All-property values are down by 18% from their mid-2022 peaks... 14th August 2024 · 1 min read
US Commercial Property Update Industrial sentiment worsens in Q2 RICS survey While headline balances saw little movement, digging deeper the Q2 RICS survey shows a reversal of last quarter’s more positive outlook. Indeed, respondents seem more downbeat, with almost half now... 25th July 2024 · 6 mins read
US Commercial Property Update Strong US dollar to weigh on hotel recovery; West to trail After a strong recovery post-pandemic, momentum in hotel revenue growth is likely to remain subdued over the next few years. With a stronger US dollar hindering the revival of the tourist industry, we... 25th June 2024 · 4 mins read
Europe Commercial Property Chart Pack Europe Commercial Property Chart Pack (Q2 2024) Smaller property yield rises and still-solid rental growth left all-property capital values little changed in Q1, a notable improvement on the sharp falls seen since mid-2022. However, we think... 22nd May 2024 · 0 mins read
Australia & New Zealand Economics Update Downturn in homebuilding has much further to run The blowout in the pipeline of unfinished houses during the pandemic will reverse by the end of this year. With building approvals very low, dwellings investment will therefore fall further. While... 13th May 2024 · 3 mins read
US Housing Market Update Shutting out institutional buyers won’t lower house prices Lawmakers' current efforts to restrict institutional buying of single-family homes won’t put downward pressure on house prices if enacted, as their market share is minimal. 9th May 2024 · 3 mins read
UK Commercial Property Rapid Response S&P Global/ CIPS UK Construction PMI (Apr. 24) The headline CIPS construction PMI rose for the fifth consecutive month to 53.0 in April, a 14-month high. The rise was driven by improvements to the commercial and civil engineering components... 7th May 2024 · 2 mins read
Europe Commercial Property Update Further rises in property yields still on the cards The weakness in euro-zone investment in Q1 highlights that the pricing correction to date has not been enough to entice investors back to the sector. Lower market interest rates will support the... 2nd May 2024 · 3 mins read
US Commercial Property Update Q1 RICS survey highlights diverging market views While overall surveyor sentiment remains negative, the Q1 RICS survey appeared to show a divergence in views between respondents of where in the cycle the market currently is. We think the apparent... 26th April 2024 · 3 mins read
UK Housing Market Outlook Fall in mortgage rates will allow market to recover A slight rise in mortgage rates since the start of the year is likely to mean house prices stall in the near term. But our forecast that Bank Rate will be cut faster than most expect, to 3.00% by the... 15th March 2024 · 18 mins read
Event Drop-In: UK Housing Market Outlook – Rates, sales, prices 1710408600 Now that mortgage rates have stopped falling, can the recovery in house prices continue? What will that mean for transaction levels and mortgage lending?
US Commercial Property Chart Pack US Commercial Property Chart Pack (Q1 24) All-property values are down by 15% since mid-2022. But, with cap rates set to climb toward 5.5% by the end of the forecast period, we think capital value falls have some way to go still, with the... 20th February 2024 · 1 min read
US Commercial Property Update Direct market values to fall despite signals from REITs Typically, US REIT price indices have been a good indicator of the growth path for capital values in the direct market. That said, even though REIT prices rebounded in Q4 2023, we don’t expect the... 30th January 2024 · 3 mins read
US Commercial Property Update RICS Commercial Market Survey (Q4) The Q4 RICS survey suggested that occupier and investment sentiment remained pessimistic in Q4. We expect sentiment will be subdued in at least the first half of 2024, with credit conditions staying... 25th January 2024 · 3 mins read
Europe Commercial Property Update Our key calls for 2024 Falling interest rates will herald the end of the commercial property downturn in 2024. However, owing to price declines in H1 we still think values will end the year lower. Our forecast for... 5th January 2024 · 3 mins read
Event Drop-In: 2024 US CRE Outlook – Another year of double-digit value falls 1704904200 We think more pain is in store for US commercial real estate as weak economic growth and high interest rates continue to take their toll.
