Europe Commercial Property Update

Prime office rents will continue to exceed consensus expectations

Euro-zone prime office rents have risen sharply in real terms since 2019. However, after allowing for the decline in space per worker since the pandemic, affordability remains below past peaks...

5th November 2026 · 3 mins read

UK Commercial Property Rapid Response

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

Having improved in September, the headline construction PMI fell back in October. At 43.6, the level was the lowest since June. Both the commercial and housing activity balances worsened over the...

5th November 2026 · 1 min read

Europe Economics Update

New housing measures won’t fix Spain’s supply problems

Spain’s new rent controls will do little to ease the country’s worsening housing shortage. While the government has pledged nearly €900mn in support for homebuilding and social housing, that will...

4th November 2026 · 3 mins read

US Commercial Property Update

Recent losing metros showing signs of turning the tables

The fortunes of some of the best- and worst-performing metro labor markets of recent years are starting to turn. San Francisco is resurgent, Miami is faltering and D.C. is hemorrhaging office jobs...

3rd November 2026 · 4 mins read

UK Commercial Property Update

Retail to outperform leisure as sales of goods hold up

The outlook for retail property is firmer than headline consumption data suggest. Households are cutting back more on leisure services than on goods, so retail sales should keep outpacing overall...

2nd November 2026 · 3 mins read

Australia & New Zealand Economics Update

House prices will plunge by more than 10%

Australia’s house prices have never fallen as rapidly as they have in the current downturn and we now expect them to eventually fall by more than 10% for the first time in the country’s modern history...

2nd November 2026 · 3 mins read

UK Housing Market Rapid Response

UK Nationwide House Prices (Oct. 2026)

The stagnation in the Nationwide measure of house prices in October (Capital Economics forecast +0.1%, consensus -0.1%) is probably a brief hiatus in the recent decline in prices rather than a sign of...

30th October 2026 · 2 mins read

Australia & New Zealand Economics Weekly

Restrictive policy will bring inflation to heel

With Australia's inflation problem proving stubborn, we expect the RBA to hike again next week. Core market services inflation has accelerated, while rising import costs for electronics threaten to...

30th October 2026 · 5 mins read

UK Housing Market Chart Pack

UK Housing Market Chart Pack (Oct. 2026)

Despite a modest boost to housing demand from the Your First Home scheme, high mortgage rates will limit house price gains to just 1.5% in the year to Q4 2027. By making it difficult for renters to...

29th October 2026 · 1 min read

UK Commercial Property Update

RICS survey signals only a modest fall in UK commercial property values

The Q3 RICS survey suggests UK commercial property values remain under pressure from high interest rates, but it does not point to a sharp downturn. While occupier and investment sentiment weakened...

29th October 2026 · 3 mins read

UK Housing Market Update

Budget offers little respite for housing and landlords

While the Budget on 28 th October was small for housing, the surprise was the further tax hike on private landlords’ rental income from April 2027. By either directly raising rents as landlords pass...

29th October 2026 · 3 mins read

Europe Commercial Property Update

Investment recovery delayed, not derailed

Elevated interest rates and tightening credit standards will weigh on investment activity over the rest of this year and into early 2027. However, we expect euro-zone investment to rise by 10%-15% y/y...

29th October 2026 · 3 mins read

UK Commercial Property Rapid Response

Lending to UK commercial property (September 2026)

Net lending to property reached £3.20bn in September, the highest monthly outturn since March 2020, when the pandemic led to a temporary halt on loan repayments for some asset owners.

29th October 2026 · 1 min read

China Chart Pack

China Chart Pack (Oct. 2026)

Our China Activity Proxy suggests that growth weakened further in Q3, in contrast to official figures which showed growth picking up. Exports continued to outperform on the back of strong AI and green...

29th October 2026 · 1 min read

UK Economics Rapid Response

UK Money & Lending (Sep. 2026)

September’s money and lending figures suggest households are still cushioning the blow from higher energy prices by borrowing more and saving less, and that high mortgage rates continue to restrain...

29th October 2026 · 3 mins read