UK Housing Market Outlook

Lower mortgage rates and tight supply to boost prices

We suspect house prices will rise only gradually over the rest of 2026 and end up around 1.5% higher in Q4 2026 than a year earlier. But our view that Bank Rate, and therefore mortgage rates, will...

21st July 2026 · 11 mins read

US Commercial Property Outlook

Senior housing and retail lead the pack for 2026-30 returns

Real estate returns over the coming years will be dominated by the income component, as an increase in cap rates to fully reflect the higher yield environment offsets support for values from rising...

17th July 2026 · 20 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

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 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

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

US Commercial Property Chart Pack

US Commercial Property Chartpack (Q2 2026)

All-property capital values ticked up slightly in Q1, reflecting the US’ relative insulation from the effects of the Iran war so far. However, we don’t think it will be totally unaffected, while we...

5th June 2026 · 0 mins read

UK Housing Market Rapid Response

UK Halifax House Prices (May 2026)

The modest fall in the Halifax measure of house prices in May shows that the rise in mortgage rates triggered by the Iran war continues to weigh on the housing market.

5th June 2026 · 3 mins read

UK Housing Market Rapid Response

UK Nationwide House Prices (May 2026)

The bigger-than-expected fall in the Nationwide measure of house prices in May brings the index more into line with the recent weakness in the alternative Halifax measure of house prices and provides...

1st June 2026 · 3 mins read

US Housing Market Update

Solid apartment fundamentals remain intact despite immigration slowdown

Concerns that this administration’s anti-immigration push would trigger a sharp national slowdown in apartment demand have been misplaced. While unauthorised immigration has turned deeply negative...

27th May 2026 · 4 mins read

UK Commercial Property Chart Pack

UK Commercial Property Chart Pack (May 26)

The risks to the commercial property market from the Iran war are increasing, and the longer risk-free interest rates remain elevated the more likely that will feed through to higher property yields...

22nd May 2026 · 1 min read

UK Commercial Property Update

Residential assets have a bright future

Tight supply means residential assets will see the strongest rental growth of all sectors over the next few years. And, with the costs of maintaining a home rising, house price expectations subdued...

13th May 2026 · 4 mins read

UK Housing Market Rapid Response

UK Halifax House Prices (Apr. 2026)

The small fall in the Halifax measure of house prices in April suggests the housing market has been less resilient to the jump in mortgage rates triggered by the Iran war than the alternative...

8th May 2026 · 3 mins read

UK Commercial Property Rapid Response

S&P Global/CIPS UK Construction PMI (Apr. 26)

The headline CIPS construction PMI fell by nearly 6%-pts in April to 39.7, its lowest reading since November. Meanwhile, the input prices index again climbed sharply, reaching 81.4, now more than 20%...

7th May 2026 · 2 mins read