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
UK Commercial Property Chart Pack Rental values mark time Data and surveys suggest there has been some recovery in economic activity in the UK during the second quarter. Developments in the consumer sector have been positive, with annual growth in retail... 26th June 2018 · 1 min read
UK Commercial Property Chart Pack Little movement in rents or yields Recent weakness in growth is expected to be short-lived, but given the slowing already seen, we have trimmed our annual growth forecast for 2018 from 1.8% y/y to 1.6% y/y. However, occupier demand... 24th May 2018 · 1 min read
UK Commercial Property Chart Pack Investment activity slows over start of 2018 Investment activity slowed over the first quarter of 2018, with both the number and value of transactions falling since the end of 2017. Nevertheless, a small increase in rents and slight fall in... 24th April 2018 · 1 min read
UK Commercial Property Chart Pack Rental value growth holding up well All-property rental value growth has been hovering at just under 2% y/y for the past seven months and shows few signs of slowing. But a sectoral breakdown shows that this stability is largely... 18th April 2018 · 1 min read
UK Commercial Property Chart Pack A patchy start to the year All things considered, January was a fairly mixed month for the economic and property market data. That said, the recent falls in risk-free rates and the exchange rate should both give some support... 28th February 2018 · 1 min read
UK Commercial Property Chart Pack Investment activity closes 2017 up by 9% Investor demand seems to be holding up well. However, we suspect that counter veiling forces on the economy, pricing, and sentiment will mean that investment marks time in 2018. As such, and with... 31st January 2018 · 1 min read
UK Commercial Property Chart Pack Investment activity recovered in November It currently looks likely that both rental and capital value growth will end 2017 broadly in line with our forecasts – which seemed a little optimistic compared to the consensus for most of the year –... 20th December 2017 · 1 min read
UK Commercial Property Chart Pack Capital value recovery continues It generally takes some time before changes in macroeconomic conditions are reflected in the property data. Thus, it’s not unusual for the tone of the economic and property data to differ as they did... 27th November 2017 · 1 min read
UK Commercial Property Chart Pack Industrial total returns approach 20% The slight uptick in economic activity, as well as the healthy signs from the monthly property data, bode well for the property segment. What’s more, given that any monetary policy tightening is... 27th October 2017 · 1 min read
UK Commercial Property Chart Pack Forecasts on track In contrast with the mixed signals on the economy, the post-referendum recovery in property markets has gathered momentum of late. Indeed, barring a sharp turnaround over the closing stages of 2017... 27th September 2017 · 1 min read
UK Commercial Property Chart Pack Capital value growth out of the red Economic indicators have painted a mixed picture for a couple of months. For example, the composite PMI pointed to a slight pick-up in GDP growth at the start of the third quarter, to perhaps 0.4%q/q... 29th August 2017 · 1 min read
UK Commercial Property Chart Pack Office leasing picks up The fact that activity levels in both the leasing and investment markets has improved was encouraging. Both of these observations chime well with our view that the current, low but positive rates of... 21st July 2017 · 1 min read
UK Commercial Property Chart Pack Signs of normalisation in the investment market All in all, there was still little, if any, evidence to suggest that the Brexit process is having a major impact on property market sentiment or activity levels. And there was little to alter our view... 23rd June 2017 · 1 min read
