Australia & New Zealand Economics Weekly Capacity pressures to persist despite housing weakness This week’s data will likely have reinforced the RBA’s view that tighter financial conditions are weighing on the housing market. But we doubt that housing wealth effects will push consumption much... 3rd July 2026 · 4 mins read
UK Commercial Property Outlook Income returns to dominate as yields hold steady The rise in gilt yields following the Iran war has so far not led to any increase in property yields, and we expect investors will largely look through what will be a temporary spike in risk-free... 2nd July 2026 · 22 mins read
UK Housing Market Update Council house building unlikely to be as big as Burnham promises Andy Burnham’s plans to deliver a big increase in council house building to post-Second World War levels will be expensive and would almost certainly require a chunky rise in public borrowing. The... 2nd July 2026 · 3 mins read
Europe Commercial Property Outlook Prime office outperformance to wane The limited hit to economic activity from the Iran war and our expectation that risk-free rates will fall back mean we forecast only a temporary slowdown in European commercial property value growth... 1st July 2026 · 22 mins read
UK Housing Market Rapid Response UK Nationwide House Prices (Jun. 2026) The stagnation in the Nationwide measure of house prices in June (CE -0.2%, consensus 0.0%) shows that the rise in mortgage rates triggered by the Iran war continues to weigh on the housing market... 1st July 2026 · 3 mins read
Australia & New Zealand Economics Update Australia’s housing downturn has further to run Australian house prices continued to decline in June, and we think they won’t bottom out until early next year. Although much ink has been spilt about recent housing tax changes, they have yet to have... 1st July 2026 · 3 mins read
US Housing Market Rapid Response US Case-Shiller/FHFA House Prices (Apr. 2026) Pause in house price falls will be temporary The unchanged level of house prices in April was a slightly better result than we had been predicting and reinforced our view that a sustained downturn in... 30th June 2026 · 2 mins read
UK Commercial Property Rapid Response Lending to UK commercial property (May 26) Net lending to commercial property totalled around £1.5bn in May, following a similar outturn in April. This was consistent with the rise in uncertainty and interest rates as a result of the Iran war... 29th June 2026 · 1 min read
UK Housing Market Chart Pack UK Housing Market Chart Pack (Jun. 2026) The continued weakness in some leading indicators of buyer sentiment suggests that the risks to our view that house prices will rise by 1.5% in the year to Q4 2026 lie to the downside. However, if... 29th June 2026 · 1 min read
China Chart Pack China Chart Pack (June 2026) China’s economy is growing at a slower rate than the official figures show, but growth has held steady at around 3% for the past year. Exports continue to surge on the back of strong global demand for... 26th June 2026 · 1 min read
Australia & New Zealand Economics Weekly RBA still set to hike, housing tax changes pass Australia’s latest activity and labour market data continue to point to softer momentum, but the CPI figures suggest that underlying inflation pressures have not yet been tamed. Accordingly, we still... 26th June 2026 · 4 mins read
Global Commercial Property Update Key takeaways from our alternative assets roundtables This week we held a series of roundtable discussions with clients in our London office about the outlook for alternative real estate assets. This note shares our answers to some of the most... 25th June 2026 · 3 mins read
Australia & New Zealand Economic Outlook Central banks to hike as inflation concerns dominate The RBA has already shifted policy back to restrictive territory and we expect it to tighten settings a bit further, as it seeks to ensure that activity slows sufficiently to bring inflation under... 25th June 2026 · 20 mins read
Global Commercial Property Update Data centres to perform well, but risks are growing New MSCI coverage of data centres in the UK and US not surprisingly show the sector strongly outperformed over the past decade. But while returns are still strong in the US, in the UK the sector is... 18th June 2026 · 4 mins read
Europe Commercial Property Update Near-term downgrade to industrial, but long-term outlook solid Weak economic activity in the near term will push euro-zone industrial rental growth to its slowest pace in more than a decade this year. However, we expect rental growth to return to an above-average... 18th June 2026 · 3 mins read
Canada Economics Update Housing Watch (Jun. 2026) The housing market showed firmer signs of improvement in May and, with oil prices dropping back sharply in the past week, there is now a lower chance that the Bank of Canada will be forced to spoil... 16th June 2026 · 4 mins read
