Australia & New Zealand Economics Update Data centre boom making the RBA’s job harder Australia’s data centre boom has yet to generate a broad-based inflationary impulse. But by adding demand to an already stretched construction sector, it risks prolonging capacity constraints and... 15th July 2026 · 4 mins read
Global Commercial Property Chart Pack Global Commercial Property Chart Pack (July 2026) Strengthening economic activity in the US is set to support a pick-up in rental growth over the next year or so, but property performance is still likely to undershoot Europe. And while renewed Iran... 14th July 2026 · 0 mins read
US Commercial Property Rapid Response US Commercial Property Lending (June 2026) At $9.1bn, net lending by banks to commercial real estate in June slowed slightly from a downwardly-revised May figure, consistent with a solid start to the year for investment. 13th July 2026 · 1 min read
US Housing Market Rapid Response US Existing Home Sales (Jun. 2026) Higher mortgage rates weighing on homebuying The fall in existing home sales in June, together with the further rise in mortgage rates in recent months, continues to point to downside risks to our... 9th July 2026 · 1 min read
Europe Commercial Property Update Lisbon office rents to outperform consensus expectations Above-average employment growth and continued demand for high-quality space mean we expect prime office rents in Lisbon will grow at a faster pace than most expect, as well as most other euro-zone... 9th July 2026 · 3 mins read
UK Housing Market Update UK RICS Residential Market Survey (Jun. 2026) The modest rebound in buyer sentiment in June chimes with other evidence that suggests a turnaround in the housing market is underway and the downside risks to our forecast for house prices to rise by... 9th July 2026 · 3 mins read
UK Commercial Property Update Increased caution from lenders won’t trigger UK commercial capital value falls The sharp decline in the balance of lenders who see commercial property prices as a positive for the availability of credit could be a sign that higher interest rates caused by the Iran war will lead... 8th July 2026 · 3 mins read
US Commercial Property Update Updated fair value analysis drives higher cap rate forecasts The diminished spread between cap rates and the 10-year Treasury yield poses a challenge for real estate pricing. Looking ahead, in a world in which we expect the Treasury yield to stay near its... 8th July 2026 · 3 mins read
UK Housing Market Rapid Response UK Lloyds House Prices (Jun. 2026) The modest rise in the Lloyds measure of house prices (rebranded from Halifax) in June suggests that the weak housing market may be starting to turn a corner. This will have further to go if the... 7th July 2026 · 2 mins read
UK Commercial Property Rapid Response S&P Global/CIPS UK Construction PMI (June 26) The construction sector appears to have stabilised in June as, after three straight months of falls, the headline CIPS construction PMI rose marginally, from 38.2 to 38.4. While that remains an... 6th July 2026 · 1 min read
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
