UK Commercial Property Rapid Response

S&P Global/CIPS UK Construction PMI (Jan. 26)

The headline CIPS construction PMI leapt to 46.4 in January, a level broadly in line with September 2025 after three particularly weak months at the end of 2025. Nevertheless, that kept the index in...

5th February 2026 · 1 min read

UK Housing Market Update

Higher LTI ratios to boost UK mortgage lending

By allowing mortgage lenders to lend more for any given level of borrowers’ income, the relaxation of the cap on high loan-to-income lending last year suggests gross mortgage lending will rise faster...

4th February 2026 · 3 mins read

UK Housing Market Update

Cap on ground rents unlikely to bring flats back into favour

The £250 a year cap on ground rent charges announced by the Prime Minister on Tuesday will lower the running costs for some owner-occupiers and private landlords of leasehold homes, particularly flats...

27th January 2026 · 3 mins read

UK Housing Market Outlook

Looser lending standards to boost activity and prices

Despite the recent increase in the supply of homes on the market, we think the combination of looser lending standards, further falls in mortgage rates and decent wage growth will allow housing...

26th January 2026 · 17 mins read

Middle East & North Africa Economics Weekly

Egypt’s external gains, Saudi real estate, Saudi-UAE tensions

Data released this week showed that Egypt's current account deficit has continued to improve nearly two years on from the policy shift. The growing likelihood of a rebound in Suez Canal traffic will...

22nd January 2026 · 6 mins read

UK Housing Market Update

UK RICS Residential Market Survey (Dec. 2025)

The continued weakness in buyer sentiment, the further rise in the supply of homes for sale and the softening in rental demand recorded by the RICS survey in December implies that the risks to our...

15th January 2026 · 3 mins read

US Housing Market Outlook

Trump's affordability push to have limited success

President Trump’s proposals to improve housing affordability are not enough to move the dial, which would require a sustained decline in mortgage rates. Unfortunately, our positive outlook for the...

14th January 2026 · 11 mins read

US Housing Market Rapid Response

US Housing Starts (Sep. & Oct. 2025)

Although the government shutdown-delayed residential construction report covering September and October showed a further weakening in housing starts, permit issuance picked up, suggesting we may have...

9th January 2026 · 2 mins read

US Commercial Property Apartment Metros Outlook

D.C. & Miami remain bottom of the apartment rankings

The apartment market appears to have turned a corner, with the national vacancy rate stabilizing in recent quarters as new supply moderates, which we expect will restore some pricing power to building...

6th January 2026 · 7 mins read

Europe Commercial Property Update

Reviewing our key calls for 2025

The recovery in European property values in 2025 was broadly as we forecasted. However, the drivers differed slightly from our expectations, with a smaller-than-expected fall in prime property yields...

6th January 2026 · 3 mins read

UK Housing Market Chart Pack

UK Housing Market Chart Pack (Dec. 2025)

While housing activity and prices have been resilient to uncertainty ahead of the Budget and the subdued economic backdrop, there are few signs of a post-Budget rebound in buyer sentiment. If...

17th December 2025 · 1 min read

Global Commercial Property Chart Pack

Global Commercial Property Chartpack (Q4 2025)

Global property returns have improved in 2025, though performance in APAC and the US has lagged Europe. This divergence is set to continue in 2026. However, we expect performance in the US will...

17th December 2025 · 0 mins read

Canada Economics Update

Canada Housing Watch (Dec. 2025)

The housing market weakened in November, with sales activity and house prices both recording declines. Even so, the further improvement in the sales-to-new-listing ratio raises our confidence that...

15th December 2025 · 4 mins read

UK Commercial Property Update

What does the Budget mean for UK commercial property?

With our 10-year gilt yield forecast unchanged and the impact of changes to business rates broadly revenue neutral over the next five year years, we are not changing are commercial property forecasts...

11th December 2025 · 4 mins read

UK Housing Market Update

UK RICS Residential Market Survey (Nov. 2025)

Despite three quarters of the survey responses being gathered after the Budget, November’s RICS survey suggests buyer sentiment fell further in November even though actual housing activity and prices...

11th December 2025 · 3 mins read