• Headline

    United Kingdom: housing market outlook

    ECO Focus - Edition 1st September 2014

    In this Focus, we look at the degree to which prices are overvalued in the UK real estate market in light of standard household solvency indicators. A significant geographical disparity in trends in t ...

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  • Graphic Focus

    UK: Ratio of real estate prices to household incomes

    ECO Focus - Edition 1st September 2014

    Unsurprisingly, a region-by-region analysis shows that the greatest deterioration in the ratio of house prices to income is to be found in London and the South East, which are also the regions that ha ...

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    22.07.2013

    In collaboration with Crédit Agricole S.A.'s Economic Research Department, Crédit Agricole CIB develops its own axes of research: Global Markets Research, which covers underlying macroeconomic asset ...

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  • ECO Focus - Edition 1st September 2014

    United Kingdom: housing market outlook

    In this Focus, we look at the degree to which prices are overvalued in the UK real estate market in light of standard household solvency indicators. A significant geographical disparity in trends in these indicators suggests that the existence of a housing bubble is limited to London and the south of the country.

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  • ECO Focus - Edition August 26, 2014

    UK: Commercial real estate

    The commercial real estate includes mainly three categories of assets: office, retail and industrial. Each one of these segments corresponds to a market in itself, in each town of the UK, as location remains crucial for real estate. A focus is presented on the market in London, where some assets like prime office and prime high street retail have shown strong capital value growth. These high valuations induce a risk of downturn, even if the outlook remains favorable for the time being.

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  • Eclairages Emergents - Edition July 2014

    South Korea: Further challenges to address

    South Korea is gradually returning to its potential growth path. Appropriate economic policy and efficient export-driven industries have helped surmount the 2009 crisis with far fewer problems than in 1997. Demand from emerging market countries and ASEAN has boosted the economy in recent years; Korea should now benefit from the recovery in the United States and Europe, and especially from increased trade with China.

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  • ECO Real Estate - Edition July 2014

    Two-speed French real estate

    The housing market is adjusting differently in the new build and pre-owned sectors. In the pre-owned sector, unit sales totalled 740,000 in Q1 2014 (12-month total). This was a high level, and only 9% down on the 2007 peak. Prices were only slightly down, by 1.4% over 12 months in Q1 2014. In new-build, there has been a significant correction, -44% for individual homes (non-developer). How does one explain this two-speed market?

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  • French Macro Prospects - Edition July, 2014

    France - ISEs: appraisal, impact, issues

    The rise of intermediate-sized enterprises (Entreprises de Taille Intermédiaire – ISEs) is often seen to be spearheading France's industrial re-conquest. Such companies, which combine the benefits both of SMEs and large corporations, have been able to develop, expand into foreign markets, and increase their activity. The French ecosystem must nevertheless continue to adapt in order to support this class of firm and foster the emergence of national champions.

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  • Prisme - Edition June, 2014

    PRISME - Crédit Agricole Agriculture and Agri-food economic bulletin

    Although 2014 fresh tomato campaign has had the chance to start early, geopolitical factors are actually threatening it. Russian market, essential to the stability of the European market, is being sensitive to Ukrainian tensions. As to processed tomato, attention is towards China. But its export growth seems to be limited by growing domestic needs and choices of harvest.

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  • ECO Focus - Edition July 4, 2014

    ECB: the EUR1trn TLTRO hope

    The ECB sounds confident that the June package will work its way towards bank lending and the real economy, helping to bring inflation back to levels consistent with price stability over the medium term. Consistent with this objective, the TLTROs' conditions look very generous, allowing deleveraging banks in particular to borrow extra cash at the ECB from 2015 onwards.

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ECO Focus - Edition 1st September 2014

UK: Ratio of real estate prices to household incomes

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