Global Commercial Property Update Retail and residential sectors set to outperform globally In a period of slow economic growth but stabilising inflation and earnings growth, we expect the residential sector to see the strongest rental growth globally, with industrial close behind thanks to... 15th October 2025 · 4 mins read
Europe Commercial Property Update CRE NPLs in Germany now highest in the EU and more on the way The notable rise in the share of non-performing loans to commercial real estate in Germany over the past couple of years stands out within the EU. We expect further increases to come in Germany, but... 14th October 2025 · 3 mins read
UK Housing Market Update Is this the start of a sharp slowdown in the UK housing market? Concerns over possible tax rises in the Budget on 26th November, higher mortgage rates and the weak jobs market have left the housing market paralysed. We doubt this is the start of a sharp slowdown... 14th October 2025 · 3 mins read
US Commercial Property Rapid Response US Commercial Real Estate Lending (Sep.) Net lending by banks to commercial real estate reached $4.1bn in September, its weakest monthly outturn since April. That was below the monthly average of $4.7bn for the year-to-date and less than... 13th October 2025 · 1 min read
UK Economics Weekly Is the Budget already buffeting the economy? The recent poor performance of the housing market and the weakness in consumer and business sentiment probably has more to do with rising inflation, higher mortgage rates and the stuttering jobs... 10th October 2025 · 9 mins read
US Commercial Property Apartment Metros Outlook Strong supply pipelines cloud outlook for D.C. & Miami Multifamily is set to be a top-performing sector over our five-year forecast, but returns will differ significantly across the 17 metros in our coverage. Miami and D.C. are likely to struggle as... 9th October 2025 · 6 mins read
US Commercial Property Update New lead indicator points to short-lived capital value growth Our new CE Capital Value Lead Indicator suggests that all-property capital growth may finally turn positive on an annual basis in H2 2025. But importantly, it also suggests that any growth this year... 9th October 2025 · 3 mins read
UK Housing Market Update UK RICS Residential Market Survey (Sep. 2025) September’s RICS survey provides further evidence that the prospect of tax rises in the Budget on 26th November has put the housing market on ice, particularly in London. If taxes on property were to... 9th October 2025 · 3 mins read
APAC Commercial Property Update China's office market weakness to persist through 2027 Mainland China’s office market has been in a prolonged downturn since 2018 as structural headwinds, including weak economic growth, cautious corporate hiring, and rampant new supply have kept vacancy... 8th October 2025 · 4 mins read
UK Commercial Property Update New EPC analysis points to tough times ahead for offices in some UK cities Upcoming EPC requirements, coupled with reduced occupier demand due to remote work, mean investors are shunning secondary offices, triggering a sharp decline in capital values. Our new dashboard on... 7th October 2025 · 4 mins read
UK Housing Market Rapid Response UK Halifax House Prices (Sep. 2025) The fall in the Halifax measure of house prices in September was at odds with September’s 0.5% m/m rise on the alternative Nationwide measure. But it supports other leading indicators which suggest... 7th October 2025 · 3 mins read
UK Commercial Property Rapid Response S&P Global/CIPS UK Construction PMI (Sep. 25) The headline CIPS construction PMI rose for the second consecutive month in September to 46.2, from 45.5 in August. But that is still firmly in contractionary territory. 6th October 2025 · 1 min read
Europe Commercial Property Update Conversions reinforce a strong Spanish office rent outlook Office rental growth in Spain’s major markets will be underpinned by rapid employment growth and relatively low rates of hybrid work. And these trends are further supported by healthy conversion... 2nd October 2025 · 3 mins read
US Commercial Property Update Why have multifamily and industrial delinquency rates diverged? The CMBS delinquency rate for multifamily was the second highest in August, largely reflecting relatively loose lending practices around the turn of the decade which has led to an outsized impact from... 1st October 2025 · 4 mins read
UK Housing Market Rapid Response UK Nationwide House Prices (Sep. 2025) While September’s 0.5% m/m gain in Nationwide house prices was better than expected (consensus forecast, CE +0.2% m/m), we suspect that the weak labour market and still high mortgage rates will... 1st October 2025 · 3 mins read
Australia & New Zealand Economics Update Australia’s house price growth may reach 7% House price growth retained its strong momentum in September and our leading index suggests the rally has further to run. But with affordability still very stretched, we suspect that the housing... 1st October 2025 · 3 mins read
