UK Commercial Property Update Hotel occupancy will continue to struggle in 2022 International travel restrictions and domestic containment measures have dealt the hotel sector a massive blow over the last two years. The outlook for the sector is more positive, but a slow... 22nd December 2021 · 3 mins read
UK Commercial Property Update Investment expected to edge higher in 2022 Investment activity has bounced back sharply after the initial COVID-19 shock and is on track to hit a three-year high in 2021. But we expect more modest growth in 2022 as softer economic activity and... 15th December 2021 · 3 mins read
UK Commercial Property Update London office construction expected to slow further Office space under construction declined for a third consecutive quarter according to the Winter London Crane Survey, despite an uptick in new starts. Given the challenges the office sector faces, we... 10th December 2021 · 3 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Nov.) The construction PMI rose for a second-consecutive month in October, to its highest level since July. However, we expect continued labour and supply shortages to hamper output in the near term. 6th December 2021 · 2 mins read
UK Commercial Property Chart Pack Rental growth hits a three-year high Commercial property’s recent good run continued in October. The annual rate of rental growth surged ahead after only breaching positive territory for the first time in almost two years during August... 3rd December 2021 · 7 mins read
UK Commercial Property Data Response Lending to commercial property (Oct.) A drop in repayments and rise in development activity resulted in positive net lending in October for the first time since March. Despite this turnaround, credit conditions will remain tight and... 29th November 2021 · 2 mins read
UK Commercial Property Data Response IPF Consensus Forecasts (Nov.) The resilience of the commercial property market has led to further upgrades to the IPF Consensus view for this year, albeit still below our forecast. Beyond this year, we are more downbeat about the... 26th November 2021 · 3 mins read
UK Commercial Property Outlook Recovery to continue, but at a slower pace The economic recovery has stalled and the near-term outlook is softer. Meanwhile, higher inflation is expected to bring interest rate hikes as early as December 2021, though we think that the pace of... 19th November 2021 · 26 mins read
UK Commercial Property Valuation Monitor Valuations deteriorate as spreads narrow Compared to bonds and equities, property valuations deteriorated further in Q3. This was due to a combination of a fall in property yields on the one side and a rise in both bond and equity yields on... 12th November 2021 · 6 mins read
UK Commercial Property Data Response RICS Construction Market Survey (Q3) The latest RICS survey indicated that construction activity remained robust in Q3, while the outlook for the near term is favourable. Although we agree, we expect that building material and labour... 4th November 2021 · 2 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Oct.) Construction firms reported that activity strengthened in October despite higher costs and continued difficulty sourcing materials. The big picture is that until those constraints ease construction... 4th November 2021 · 2 mins read
