Tighter Eurozone financial conditions and rising fragmentation risks
Eurozone financial conditions have tightened abruptly since the start of the Ukraine war, supporting our caution on near-term growth. Unless the chances of a quick resolution to the conflict rise, we think conditions will remain pressured in the near term and may even tighten.
Financial conditions are also becoming more heterogenous, with countries in South Europe looking vulnerable. Greece, Italy, Spain, and Portugal have so far seen the largest increases in government bond yields, and the ECB’s accelerated QE tapering will continue to put upward pressure on spreads. But we still expect spreads to remain contained at relatively low levels.
Download our report to learn:
- Whether further tightening is likely
- When we think the ECB will first hike rates
- Which countries we think will be most affected by the changes
Australia: Roadblocks cleared for build-to-rent in Australia
The pipeline of build-to-rent (BTR) developments across Australia continues to swell, with our project tracking currently capturing a pipeline of circa 45,000 announced units. Around 5,900 units have broken ground in FY2023, with a further 15,000 geared to commence across FY2024 and FY2025.Find Out More
How bank turmoil is impacting APAC commercial real estate credit
Recent bank funding turmoil is likely to lead to tighter lending conditions in commercial real estate markets in the Asia-Pacific region.Find Out More