UK Commercial Property Data Response CIPS/Markit Construction PMI (May) Following a strengthening in activity in April, todays’ CIPS/Markit Construction PMI suggests the recovery in commercial construction activity has been sustained. But falls in the future business... 4th June 2018 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Apr.) Over the past three months, lending to commercial property has stalled. But the weakness has not reflected a decline in lending to new development, suggesting there is still some appetite to take on... 31st May 2018 · 1 min read
UK Commercial Property Data Response IPF Consensus Forecasts Our forecast for rental value growth in 2018 is similar to that of the IPF consensus, but there is a greater degree of variation in forecasts for capital value growth. However, over coming years there... 25th May 2018 · 1 min read
UK Commercial Property Data Response Commercial property investment (April.) Following the string of weaker outturns so far over 2018, investment activity softened further in April. However, if we are right that GDP growth will recover over the remainder of the year... 16th May 2018 · 1 min read
UK Commercial Property Data Response Employment (Mar.) Robust job creation, a high level of vacancies and another small uptick in the pace of average earnings growth paint a positive picture for occupier demand. But with London punching above its weight... 15th May 2018 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Apr.) Following the Q1 weather disruptions, the CIPS/Markit Construction PMI suggests that there was a recovery in construction activity in April across all sub-sectors. Yet, the improvement was more... 2nd May 2018 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Mar.) Today’s net lending data from the Bank of England offered few surprises. But the fact that lending activity appears subdued seems consistent with the falling levels of investment market activity in... 1st May 2018 · 1 min read
UK Commercial Property Data Response RICS Commercial Property Market Survey (Q1) Today’s RICS Survey paints a subdued picture of occupier demand conditions. But closer inspection shows that this weakness stems mainly from the continuing problem of the retail sector. 26th April 2018 · 1 min read
UK Commercial Property Data Response RICS Construction Market Survey (Q1) Healthy levels of occupier demand and rising rental values, at least in the office and industrial sectors, have not been able to boost the development pipeline, with labour shortages continuing to... 19th April 2018 · 1 min read
UK Commercial Property Data Response Employment (Feb.) London continues to punch above its weight in terms of job creation. Despite that, rents in the key City and West End office markets are stagnating at already high levels. Accordingly, the headline... 17th April 2018 · 1 min read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q1) The Bank of England’s survey of lenders suggests that the recent weakness in mortgage lending has been driven by falling demand for credit. But the survey also points to a sharp fall in loan approval... 12th April 2018 · 1 min read
UK Commercial Property Data Response Commercial property investment (Mar.) Investment activity in UK commercial property fell in March, for the fourth consecutive month. The broader picture is that the value and number of deals has dropped in the first quarter, as investors... 11th April 2018 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Mar.) Extremely cold weather in March saw the CIPS/Markit Construction PMI plunge to its lowest level since July 2016. But with employment and future business expectations rising, there are good reasons to... 4th April 2018 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Feb.) Lending to the property sector showed no sign of improvement in February. But with net lending for development positive and lending to standing investment negative, the data suggest that a lack of... 29th March 2018 · 1 min read
UK Commercial Property Data Response Employment (Jan.) Today’s jobs data highlight that tentative signs of a moderation in property investment market activity are not being reflected in, or driven by, occupier fundamentals. If anything, labour shortages... 21st March 2018 · 1 min read
UK Commercial Property Data Response Commercial property investment (Feb.) Investment activity in the UK commercial property market softened sharply in February. Yet, the total was not unusually weak for the time of year and, given the lumpy nature of property investment, it... 14th March 2018 · 1 min read
