UK Commercial Property Chart Pack Rising yields more than offset improvement in rents This rise in all-property rental value growth in September was not enough to prevent capital values falling on an annual basis for the fifth consecutive month. The fact that the chance of a no deal... 25th October 2019 · 7 mins read
UK Commercial Property Chart Pack Stabilisation in rents to be short-lived In August, stronger rental value growth in the office and industrial sectors meant that annual all-property rental value growth held steady. (See Chart 1.) This is consistent with the recent... 26th September 2019 · 7 mins read
UK Commercial Property Chart Pack Rising yields weigh on capital values Although there have been signs that economic activity has improved in Q3, the slowdown in the commercial property market looks set to continue. In July, all-property rental values barely grew and... 27th August 2019 · 7 mins read
UK Commercial Property Chart Pack Industrial returns outperform other assets Our view that the commercial property downturn has further to run was backed up by a pickup in the pace of decline in all-property capital values in June. However, at the halfway point in the year... 24th July 2019 · 9 mins read
UK Commercial Property Chart Pack Downside risks increase The downside risks to economic growth and property returns this year appear to be rising. Political and economic developments in May have increased the chance of a deterioration in global conditions... 26th June 2019 · 9 mins read
UK Commercial Property Chart Pack Retail returns worsen UK commercial property sector returns continued to soften in April, with the delay to Brexit prolonging investor uncertainty and property yields increasing further, particularly in the retail sector. 24th May 2019 · 1 min read
UK Commercial Property Chart Pack UK interest rates lower for longer Recent developments suggest that UK GDP growth will be lower for a bit longer. As such, with interest rates unlikely to rise as quickly, bond yields should put less upward pressure on property yields... 26th April 2019 · 1 min read
UK Commercial Property Chart Pack All-property initial yields rise above 5% Yields increased for the second consecutive month across the three main sectors in February. In turn, all-property net initial yields rose to over 5%. This is the highest in a year, but is still lower... 25th March 2019 · 1 min read
UK Commercial Property Chart Pack Uncertainty holding back investment activity Investment market activity was weak in January, with just £2.6bn deals completed. Overseas interest was particularly soft, providing an indication that, as the Brexit deadline approaches, unease may... 27th February 2019 · 1 min read
UK Commercial Property Chart Pack End-2018 total returns soften to 7.5% y/y Indicators suggest that UK economic growth slowed towards the end of 2018, in part due to households and businesses delaying spending in response to Brexit-related uncertainty. This is likely to... 24th January 2019 · 1 min read
UK Commercial Property Chart Pack Retail yields increase Capital values fell on a monthly basis in November for the first time since 2016. In turn, annual capital value growth slowed to just 3.3%. The main driver of the slowdown was an upward movement in... 19th December 2018 · 1 min read
UK Commercial Property Chart Pack Capital values on track for 2% rise this year In the year to October, all-property capital value growth softened to 4%. On an annualised basis, monthly movements suggest that capital value growth will reach 2% this year. Outside of the retail... 26th November 2018 · 1 min read
UK Commercial Property Chart Pack Moderation in rental value growth continues With rental values stable in September, annual all-property rental value growth slowed to 1.4% y/y, from 1.6% y/y a month earlier. This mainly reflected weakness in the retail sector. But annual... 24th October 2018 · 1 min read
UK Commercial Property Chart Pack Slowdown in rental and capital value growth Rental value growth slowed to 1.6% y/y, from a recent high of 2% y/y in March. The retail sector continues to lead the slowdown, with annual rental value growth now declining across all the retail sub... 25th September 2018 · 1 min read
UK Commercial Property Chart Pack Investment activity slumps The value of commercial property deals disappointed in July. At just £3.5bn, the value of investment was 12% lower than a year ago. The weakness was broad-based. In particular, the value of office... 24th August 2018 · 1 min read
UK Commercial Property Chart Pack Clear divergences across sectors Indicators suggest that growth has increased from 0.2% q/q in Q1 to perhaps 0.4% q/q or 0.5% q/q in Q2. The labour market continues to post solid jobs gains, suggesting firms are confident about the... 25th July 2018 · 1 min read
