UK Commercial Property Data Response Commercial property investment (Jul.) Unsurprisingly, on the back of the UK’s vote to leave the EU, commercial property transaction activity fell sharply in July. That said, with no signs of an exodus from London, and overseas investors... 10th August 2016 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Jul.) Today’s commercial construction PMI added to the evidence showing how negative sentiment towards the commercial property sector has become. However, if we are right that the economy will avoid a... 2nd August 2016 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Jun. 16) Even though net lending to property rose in June, we would hesitate to read too much into today’s figures. That said, despite the uncertainty caused by the referendum, lenders look less exposed than... 29th July 2016 · 1 min read
UK Commercial Property Data Response RICS Construction Market Survey (Q2 16) The pace of construction activity fell across the board in the second quarter. That said, skill shortages mean that activity in the sector had been losing momentum for a year, so we would be reluctant... 28th July 2016 · 1 min read
UK Commercial Property Data Response RICS Commercial Property Market Survey (Q2) The latest RICS Commercial Property Survey gave fresh evidence that sentiment in the property sector has deteriorated since June’s referendum. 25th July 2016 · 1 min read
UK Commercial Property Data Response Employment (May 2016) Job creation was healthy in May, reflecting strong labour demand prior to the referendum. And while these figures seem to bode well for property, we would not give them too much weight as lower... 20th July 2016 · 1 min read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q2, 2016) Lenders reported a small drop in secured credit availability to households in the second quarter. But the availability of debt for commercial property fell sharply, and the outlook for Q3 looks... 13th July 2016 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Jun.) The commercial construction PMI fell to its lowest level since mid-2009 in June. This highlights the extent to which the uncertainty around the EU referendum was weighing on developers’ activity. The... 4th July 2016 · 1 min read
UK Commercial Property Data Response Lending to commercial property (May) Net lending to property increased in May, reversing much of April’s losses. And the fact that development lending registered its first material rise since 2011 can be seen as a sign that traditional... 29th June 2016 · 1 min read
UK Commercial Property Data Response Employment (Apr.) In April, the pace of job creation picked up for the second consecutive month. Moreover, with vacancies still high and job creation mainly driven by full-time positions, occupier demand conditions... 15th June 2016 · 1 min read
UK Commercial Property Data Response Commercial property investment (May) In May, the value of commercial property deals fell to its second lowest reading this year. That said, we think the moderation in activity reflects pricing concerns more than the Brexit -related... 8th June 2016 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (May) The commercial construction PMI dipped once more in May adding to the signs that last year’s spike in commercial development activity will not be repeated in 2016. 2nd June 2016 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Apr.) Net lending to the property sector fell in April. However, April’s losses barely made a dent in the previous two months’ gains, and with traditional lenders’ exposure to property stabilising, we... 1st June 2016 · 1 min read
UK Commercial Property Data Response DeMontford Commercial Property Lending Survey (H2 2015) Released last week, the DeMontford Commercial Property Lending Survey painted a positive picture. Indeed, loan origination and the stock of outstanding debt both rose, while distressed loans fell... 31st May 2016 · 1 min read
UK Commercial Property Data Response IPF Consensus Forecasts (May) At the all-property level, our forecasts are slightly more positive than the Consensus. However, since we expect any tightening of monetary conditions to be gradual and economic growth hold up fairly... 27th May 2016 · 1 min read
UK Commercial Property Data Response UK Commercial Property Data Response The pace of job creation improved in March, but was nevertheless low by recent standards. That said, in big picture terms, with vacancies still high and job creation driven by full-time positions... 18th May 2016 · 1 min read
