With interest rates rising, real estate is posing an ever-greater risk to the economy. Oxford Economics’ forecasts have never been more timely.
London, 2 December, 2022 - Macrobond, the leading provider of time-series technology and global macroeconomic data, and Oxford Economics, the world’s foremost independent economic advisory firm, announced an extension to their longstanding partnership that will make Oxford’s Real Estate Economics Service (REES) available to Macrobond’s customers.
Real estate is in focus for financial professionals in a way it hasn’t been since the global financial crisis. After house prices reached bubble territory in some markets during the pandemic, central banks look likely to keep raising interest rates in 2023 – making mortgages and property refinancings more expensive.
That’s not just a problem for homebuyers and commercial real estate investors. It’s a threat to global growth, according to Oxford Economics. When it comes to commercial real estate, Oxford Economics predicts values could fall by up to one-third of their GFC decline. The US and UK will likely be the worst hit.
With a growing user base focused on real estate, REES aims to help financial professionals understand the impact of macroeconomic, financial, climate and geopolitical developments on real estate performance. It not only measures historic performance versus other asset classes, but provides a consistent and objective outlook for the future, using a proprietary global economic model.
REES will bolster Macrobond’s breadth of data, which already includes Oxford Economics’ global forecasts along with almost 300 million time series. REES will be key for Macrobond’s clients and can be easily integrated into their workflows.
Howard Rees, Macrobond Chief Commercial Officer, said: “As we keep building Macrobond into the single source of truth for our clients, we are extremely pleased to add such a unique and informative data series. Oxford Economics’ forecasts slot in perfectly with our wealth of macroeconomic data. Their focus on real estate could not be more timely at a time of unprecedented economic uncertainty.”
George Armitage, Oxford Economics Managing Director for Global Real Estate & Specialist Markets, said: "We are delighted to add our new real estate forecasting service to Macrobond. Our expanded distribution partnership provides investors, lenders and developers with a platform to compare future real estate performance against Macrobond’s existing suite of financial indicators.”
Macrobond is a leading provider of global economic, aggregate financial and sector time-series data for professionals including economists, analysts, quants, strategists, portfolio managers and asset allocators. Founded in Malmo, Sweden in 2008, its flexible SaaS solution delivers timely macroeconomic data from more than 2,500 sources, supported by the most comprehensive metadata in the industry. Macrobond’s integrated analytical tools enable customers worldwide to quickly find, analyse and visualise relevant data. Automated workflows empower users to instantly share their insights, enhancing enterprise-wide collaboration and improving productivity. Visit Macrobond | Macrobond Financial
About Oxford Economics
Oxford Economics (OE) is the world's foremost independent economic advisory firm. Covering over 200 countries, over 100 industrial sectors and 8,000 cities and regions, we provide insights and solutions that enable clients to make intelligent and responsible business decisions faster in an increasingly complex and uncertain world. For more information, visit Oxford Economics