UK Economics Rapid Response

UK Money & Lending (Jul. 2026)

July’s money and lending figures show that the near-term outlook for the housing market is weak, households may have funded some of their spending in July by lowering their saving rate and borrowing...

1st September 2026 · 3 mins read

UK Housing Market Rapid Response

UK Nationwide House Prices (Aug. 2026)

The small rise in the Nationwide measure of house prices in August underlines the continued drag on buyers’ appetite from the previous rise in mortgage rates. Uncertainty over possible tax rises in...

1st September 2026 · 2 mins read

China Economics Update

Presales overhaul won’t revive the housing market

The recent overhaul of China’s housing presales system belatedly addresses some of the vulnerabilities that contributed to the country’s property downturn. But the changes only apply to new projects...

1st September 2026 · 5 mins read

Australia & New Zealand Economics Update

Housing-market outlook hinges on the RBA

Australian house prices continued to fall at a rapid pace in August. While we expect the pace of monthly declines to ease more noticeably in the months ahead, risks to this view have increased. If the...

1st September 2026 · 3 mins read

China Chart Pack

China Chart Pack (Aug. 2026)

Our China Activity Proxy suggests that growth slowed sharply in July, reflecting disruptions to construction and industry from typhoons as well as the ongoing drag from weak fiscal spending. But...

28th August 2026 · 1 min read

UK Housing Market Update

Using public land won’t solve Burnham’s homebuilding problems

Based on the government’s current assessment of public land that is deemed vacant, we think there is only enough space to build up to 19,000 council homes in total. This would do little to meet...

27th August 2026 · 3 mins read

US Housing Market Rapid Response

US Case-Shiller/FHFA House Prices (Jun. 2026)

Even though the 0.2% m/m rise in house prices in June was stronger than we expected, we remain reasonably confident that prices will lose momentum heading into the third quarter as the backward...

25th August 2026 · 2 mins read

Europe Commercial Property Update

Tech-related demand to support prime rents in Berlin and Munich

Strong tech-related demand is set to support faster growth in prime rents in Munich and Berlin than the other main German markets while the AI boom persists. However, we expect rent growth to ease...

25th August 2026 · 3 mins read

US Commercial Property Update

REITs and appraisals divergence clouds outlook for values

A significant divergence in sector weightings means a large performance gap has opened between REITs and the appraisal-based indices over the last two years. We have therefore created a re-weighted...

20th August 2026 · 3 mins read

Europe Commercial Property Chart Pack

Europe Commercial Property Chart Pack (Q3 2026)

Property markets were relatively unaffected by the Iran war in Q2, with investment activity strengthening and property yields rising only modestly. Assuming the Strait of Hormuz is not disrupted for a...

20th August 2026 · 0 mins read

US Commercial Property Update

Office sector turnaround clear in Q2 RICS survey

The Q2 RICS survey suggests that while Iran War-related uncertainty isn’t derailing the recovery, it is dampening its pace. But the office sector appears to be emerging from the clouds that have...

19th August 2026 · 3 mins read

UK Commercial Property Chart Pack

UK Commercial Property Chart Pack (Aug. 26)

Higher risk-free interest rates and uncertainty from the war in Iran are now beginning to push up property yields and all-property capital value growth has fallen to zero. But we still think the 10...

19th August 2026 · 1 min read

Europe Commercial Property Update

Deterioration in sentiment largely reversed in Q2 RICS survey

The Q2 RICS survey suggests surveyors are now less pessimistic about the Iran war’s impact on European commercial property markets. And while credit conditions deteriorated further, other survey...

19th August 2026 · 2 mins read

Australia & New Zealand Economics Update

Impact of housing tax changes still difficult to detect

While there’s a risk that the tax changes announced in the Budget will result in a more pronounced downturn, for now we’re comfortable with our forecast of a 6% peak-to-trough fall in house prices.

19th August 2026 · 3 mins read

US Housing Market Update

US Pending Home Sales & Mortgage Apps. (Jul. 2026)

The renewed rise in mortgage rates in July squeezed would-be home buyers’ budgets, causing pending home sales and purchase mortgage applications both to fall. This points to further downward pressure...

18th August 2026 · 2 mins read