UK Commercial Property Data Response Lending to commercial property (Jan.) Net lending to the property sector contracted by £738m in January. However, we suspect that this reflects a softening in demand for loans on the back of weak investment activity, rather than increased... 1st March 2017 · 1 min read
UK Commercial Property Data Response IPF Consensus Forecasts (Feb.) The latest IPF consensus figures show that expectations for capital values have been nudged up this year and over the 2017-2020 period. In turn, that suggests the most negative assessments of the UK’s... 24th February 2017 · 1 min read
UK Commercial Property Data Response Employment (Dec.) Today’s data show that the labour market is holding up well. That said, with employee numbers flat, occupier demand looks set to be steady rather than resurgent. 15th February 2017 · 1 min read
UK Commercial Property Data Response Commercial property investment (Jan.) Commercial property investment made a disappointingly weak start to the year. However, we suspect that a lack of opportunity, rather than a lack of demand lies behind the softer data. 13th February 2017 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Dec.) At £494m in December, the rise in net lending to commercial property almost fully reversed the previous two months’ falls. But with the both the investment and development market giving mixed signals... 31st January 2017 · 1 min read
UK Commercial Property Data Response RICS Commercial Property Market Survey (Q4) The latest RICS survey of conditions in the commercial property market was broadly positive. The balances for tenant and investor demand, as well as capital and rental value expectations, were all... 26th January 2017 · 1 min read
UK Commercial Property Data Response Employment (Nov.) Despite marking a second consecutive contraction in job creation, today’s figures were not all bad for property. With part-time and self-employed jobs bearing the brunt of the falls, and forward... 18th January 2017 · 1 min read
UK Commercial Property Data Response Commercial property investment (Dec.) December’s investment figures posted a healthy 21% monthly increase, which brought the annual total to £49bn. A closer reading of the data also revealed that while there are few signs of a reversal in... 13th January 2017 · 1 min read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q4) The supply of residential mortgage credit worsened a touch in the fourth quarter. But there was no sign of a drop in lenders’ risk appetite or market share objectives, suggesting that credit... 13th January 2017 · 1 min read
UK Commercial Property Data Response Lending to property (Nov.) & CIPS/Markit Construction PMI (Dec.) The fall in net lending to standing investment property in November means that September’s sharp rise in overall net lending has now been more than reversed. But the news isn’t all bad. Net lending to... 4th January 2017 · 1 min read
UK Commercial Property Data Response Commercial property investment (Nov.) Commercial property investment activity picked up in November. And, contrary to the reports from the FPC, demand from overseas investors has shown little signs of abating. 14th December 2016 · 1 min read
UK Commercial Property Data Response Employment (Oct.) The number of people in work fell slightly in October, suggesting that some of the labour market’s recent resilience may now be fading. But we doubt the weakness will escalate to an extent that puts... 14th December 2016 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Nov.) The construction PMI edged up again in November and is at a level consistent with overall construction output expanding following a contraction in the third quarter. The commercial activity sub-index... 2nd December 2016 · 1 min read
UK Commercial Property Data Response Colliers/Real Estate Capital Pricing Survey (Nov.) The Colliers/REC survey painted a weak picture of the short-term outlook for commercial property. Respondents expect rising yields and falling rental values to cause a 2% fall in capital values. Our... 30th November 2016 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Oct.) At minus £119m, October’s fall in net lending to property only partially reversed September’s strong gains. Yet with little to suggest a shift in lender’s sentiment, we suspect it was driven by weaker... 29th November 2016 · 1 min read
UK Commercial Property Data Response IPF Consensus Forecasts (Nov.) After a significant downgrade in August, November’s IPF consensus figures suggest that some of the gloomiest views are being revised up. That said, although the path for yields implied in the figures... 28th November 2016 · 1 min read
