UK Commercial Property Data Response CIPS/Markit Construction PMI (Feb.) February’s rise in the CIPS/Markit Construction PMI was an encouraging sign as it stemmed from an improvement in both commercial and residential construction activity. Yet, there was no evidence to... 2nd March 2018 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Jan.) Net lending to commercial property fell in January. But the underlying picture was a little more positive than the headline suggests. Not only was January’s fall small in comparison to the upward... 1st March 2018 · 1 min read
UK Commercial Property Data Response IPF Consensus Forecasts The IPF consensus has pushed up its forecast for all-property total returns this year, reflecting a less pessimistic outlook for rental growth. But in 2019 and 2020 a gradual upward drift in yields is... 23rd February 2018 · 1 min read
UK Commercial Property Data Response Employment (Dec.) Job creation failed to meet economist’s expectations in December. Combined with a rise in the participation rate, that contributed to the first increase in the unemployment rate since August 2016. Yet... 21st February 2018 · 1 min read
UK Commercial Property Data Response Commercial property investment (Jan.) While January’s £5bn total was particularly strong for the time of year, it is unlikely to mark the start of a renewed upward trend. Highlighting the lack of liquidity in the market, much of the... 13th February 2018 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Jan.) January’s fall in the CIPS/Markit Construction PMI was entirely down to a contraction in housing construction. A breakdown of the data still suggests that activity across the construction sector is... 2nd February 2018 · 1 min read
UK Commercial Property Data Response RICS Construction Market Survey (Q4) The RICS Construction Survey for the fourth quarter highlighted that private commercial and industrial construction activity was broadly unchanged. 31st January 2018 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Dec.) Net lending to commercial property contracted in December, driven entirely by a fall in net lending to schemes in the development pipeline. 30th January 2018 · 1 min read
UK Commercial Property Data Response RICS Commercial Property Market Survey (Q4) Today’s RICS Survey showed a slight deterioration in tenant demand and a softening in rental expectations. Nevertheless, investor demand appears to be holding up well. 25th January 2018 · 1 min read
UK Commercial Property Data Response Employment (Nov.) There was nothing in today’s labour market figures to suggest that the steady picture of occupier demand conditions, which has typified the commercial property market over the past few quarters, is... 24th January 2018 · 1 min read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q4) Mortgage credit availability edged up in Q4, while the supply of credit for commercial property held steady. But while conditions for households are expected to improve further in Q1, commercial... 11th January 2018 · 1 min read
UK Commercial Property Data Response Commercial property investment (Dec.) A surprising fall in activity among overseas investors left the monthly total for investment deals at £4.3bn, 11% below the average seen in past Decembers. That said, not only does that fall in... 10th January 2018 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Nov.) Driven entirely by standing investments, net lending to commercial property rose by £452m in November. That said, the latest rise barely reversed half of the previous month’s drop and does not alter... 4th January 2018 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Dec.) Aggregate construction activity eased back in December, breaking a run of two consecutive monthly rises. Within the total, the commercial property sector acted as a drag on activity. 3rd January 2018 · 1 min read
UK Commercial Property Data Response Commercial property investment (Nov.) Even after some upward revisions to October’s figure, commercial property investment activity rose significantly in November. As has been the case for some time, overseas demand was the main driver of... 14th December 2017 · 1 min read
UK Commercial Property Data Response Employment (Oct.) October’s Labour Force Survey showed that employment fell. Yet, the unemployment rate held firm and wage growth improved. In big picture terms, the data are still consistent with rents rising next... 13th December 2017 · 1 min read
