Serious investment thinking that doesn’t take itself too seriously.
Recent European valuations data from MSCI for Q2 confirmed that capital values are still falling, but at a slower pace than they were last winter. This raises the question as to...
Global credit standards are set to tighten further in response to the recent bank funding turmoil, as suggested by movements in bank share prices and financial conditions during...
Though a correction in values is firmly underway for European commercial real estate markets, we believe the worst is yet to come. This also means the best buying opportunities...
Falling property prices and mortgage approvals since last autumn are the start of a sustained correction in the housing market, in our view. An average of the Nationwide and...
Originally published November 2022. ...but REITs look well positioned. The cost of debt for real estate increased steeply in 2022, as credit conditions tightened, loan margins...
It’s more than a case of semantics Deglobalisation, as a concept, has been mentioned quite a bit recently (along with the topics of onshoring and nearshoring), but the evidence...