UK Commercial Property Rapid Response Lending to UK commercial property (Mar. 26) Net lending to commercial property rose sharply in March, reaching £2.5bn. Given that was the first full month following the start of the Iran war, on first glance the strength of the data come as a... 1st May 2026 · 2 mins read
UK Housing Market Rapid Response UK Nationwide House Prices (Apr. 2026) The surprisingly strong rise in the Nationwide measure of house prices in April shows that house prices have continued to gain momentum despite the falls in consumer confidence and the rise in... 1st May 2026 · 2 mins read
Australia & New Zealand Economics Update The worst is yet to come for Australia’s housing market Australian house prices all but ground to a halt last month. And with affordability set to deteriorate further in the near term, we expect house prices to fall outright before long. Much to the RBA’s... 30th April 2026 · 4 mins read
UK Commercial Property Update RICS survey points to higher UK property yields from Iran war The Q1 RICS survey showed surveyors don’t expect the Iran conflict to have an impact on occupier demand across any of the major sectors. That said, there was a deterioration in capital value... 30th April 2026 · 3 mins read
UK Commercial Property Update Multifamily build-to-rent supply to recover from 2028 High financing and construction costs, combined with significant delays from the Building Safety Act, meant multifamily build-to-rent completions saw a 28% y/y decline in 2025. A thin pipeline... 29th April 2026 · 4 mins read
US Rapid Response US Durable Goods Orders, Advance Economic Indicators (Mar. 2026) & Housing Starts (Feb./Mar. 2026) The batch of data just published suggest the risks to our estimate that first-quarter GDP growth will come in at 2.5% annualised in tomorrow’s advance release are skewed to the upside. 29th April 2026 · 2 mins read
UK Housing Market Update One-year rent freeze could lead to higher rents further ahead While a one-year rent freeze would temporarily suppress rents for households currently in rental contracts, a further squeeze of landlords’ possible returns risks exacerbating the already tight supply... 28th April 2026 · 4 mins read
US Housing Market Rapid Response US Case-Shiller/FHFA House Prices (Feb. 2026) The surprise fall in house prices in February suggests the market was on even weaker footing than previously thought ahead of the jump in mortgage rates tied to the Iran war. Despite this, we are not... 28th April 2026 · 2 mins read
Europe Economics Update ECB Bank Lending & Consumer Expectations Surveys The ECB’s Q1 Bank Lending Survey (BLS) suggests that the negative effects of higher energy prices on economic activity in the euro-zone could be bigger than we have assumed. At the same time, the jump... 28th April 2026 · 2 mins read
Europe Commercial Property Update Election signals reset opportunity for Hungary’s real estate Hungary’s decisive election result has improved investor sentiment and medium-term economic prospects. While it is still early days, we think it will bring positive spillovers to real estate, with... 28th April 2026 · 3 mins read
US Commercial Property Update NCREIF Q1 2026: Little divergence in regions and core sectors Income returns are already accounting for almost all the total return in the traditional sectors, but senior housing stood out positively again in Q1, seeing strong capital growth and posting a 3.9%... 27th April 2026 · 3 mins read
UK Housing Market Update How far will the Iran war push up UK homebuilding costs? A renewed rise in homebuilding construction costs due to the jump in energy prices since the start of the Iran war will only further constrain homebuilders’ profits and housing starts. This poses some... 27th April 2026 · 5 mins read
US Chart Pack US Chart Pack (Apr. 2026) Higher gasoline prices will weigh moderately on consumption, but there are signs that investment will broaden out beyond AI-related spending. We expect GDP growth to average 2.2% this year and next... 23rd April 2026 · 0 mins read
Global Commercial Property Update CRE construction cost rises most impactful in retail and hotels Commercial real estate construction costs are already showing signs of rising due to the Iran war. While this will weigh on profitability of new projects, the impact will vary by sector, with retail... 23rd April 2026 · 3 mins read
UK Commercial Property Chart Pack UK Commercial Property Chart Pack (Apr. 26) The Iran conflict has increased uncertainty and pushed up long-term interest rates, both of which will weigh on investment activity over the next few months. But property yields saw no rise in March... 22nd April 2026 · 1 min read
Canada Chart Pack Canada Chart Pack (Apr. 2026) The economic fallout from events in the Middle East is developing broadly in line with our baseline scenario, leaving WTI on track to average $80/barrel in the second half of the year. The reduced... 22nd April 2026 · 1 min read
