UK Commercial Property Data Response CIPS/Markit Construction PMI (Aug.) Unlike the manufacturing sector, construction activity failed to rebound in August. And within the total, activity in the commercial sector contracted for the second consecutive month. Therefore, it... 4th September 2017 · 1 min read
UK Commercial Property Data Response IPF Consensus Forecasts (Aug.) In August, IPF Consensus forecasts for total returns in 2017 were revised up for the fourth consecutive quarter, to stand at 6.7%. But the figures for 2018 and 2019 were left more or less unchanged... 1st September 2017 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Jul.) Net lending to commercial property by banks and building societies fell by over £1bn in July, following June’s fall of £240mn. While this might reflect a more cautious approach by financial... 30th August 2017 · 1 min read
UK Commercial Property Data Response Employment (Jun.) June’s LFS made for some positive reading. Wage and employment growth rose and the unemployment rate edged down. But the bigger picture is that real incomes are still under pressure, which should... 16th August 2017 · 1 min read
UK Commercial Property Data Response Commercial property investment (Jul.) Commercial property activity fell in both value and number terms in July. Yet this drop was not particularly alarming given the seasonality in the data. But most importantly, there is little... 14th August 2017 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Jul.) The CIPS/Markit Construction PMI dropped significantly in July. And while we agree that rental value growth is likely to slow, we suspect that the latest commercial balance is overstating the risk of... 2nd August 2017 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Jun.) Net lending to commercial property by banks and building societies fell by £239m in June. This meant that during the second quarter as a whole, net lending to property came in virtually flat, at minus... 31st July 2017 · 1 min read
UK Commercial Property Data Response RICS Commercial Property Market Survey (Q2) Today’s RICS Commercial Survey showed that occupier and investment demand present a subdued outlook for office and retail property. However, the industrial sector looks poised to outperform the rest... 27th July 2017 · 1 min read
UK Commercial Property Data Response RICS Construction Market Survey (Q2) Today’s RICS Construction Survey for Q2 showed that private commercial and industrial construction activity reversed the gains made during the first quarter. 20th July 2017 · 1 min read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q2) Credit conditions in the residential mortgage market eased a touch in Q2. But with lenders’ risk appetites set to contract, Q3 may be a little tighter. Meanwhile, there is little evidence to suggest... 13th July 2017 · 1 min read
UK Commercial Property Data Response Commercial property investment (Jun.) The value of UK commercial property investment activity rose for the second month on the trot in June. But while encouraging, there are also good reasons to think that this is not the start of a much... 12th July 2017 · 1 min read
UK Commercial Property Data Response Employment (May) May’s LFS survey was mixed. Job creation improved and the unemployment rate fell to another multi-decade low. However, the squeeze on real household incomes worsened. The implication is that the... 12th July 2017 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (June) The dip in the commercial construction PMI in June only partially reversed the previous month’s rise. As such, it does not alter the impression that developers see little risk that the current... 4th July 2017 · 1 min read
UK Commercial Property Data Response Lending to commercial property (May) At £190m in May, net lending to the property sector more than reversed last month’s fall. Moreover, the broad-based nature of May’s improvement, along with lenders’ limited exposure to property assets... 29th June 2017 · 1 min read
UK Commercial Property Data Response Employment (Apr.) Today’s labour market data were full of mixed signals. Job creation was healthy and consistent with gently rising rents at the all-property level. But, with the squeeze on real incomes intensifying... 14th June 2017 · 1 min read
UK Commercial Property Data Response Commercial property investment (May) After a subdued month in April, UK commercial property investment activity picked up in May. It was also encouraging that, at least in this months’ figures, there were tentative signs of improving... 12th June 2017 · 1 min read
