UK Commercial Property Data Response Employment data (Jun) From a property perspective the latest dip in job creation needs to be offset against the corresponding rise in productivity and profits that it implies. And if we are right that the falls in... 12th August 2015 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Jul.) Activity rates in the commercial construction sector inched up in July, but are well below the levels that were typical in the middle of last year. However, with the outlook for occupier demand still... 4th August 2015 · 1 min read
UK Commercial Property Data Response RICS Construction Market Survey (Q2) The latest upturn in construction sector workloads is encouraging. Yet such headline survey measures almost certainly overstate the contribution that the sector is likely to make to the wider recovery... 30th July 2015 · 1 min read
UK Commercial Property Data Response Colliers/Real Estate Capital Pricing Survey (July) July’s Colliers/REC pricing survey contained evidence of a more cautious tone among the survey’s respondents. For one thing, for the first time in several years, a sizeable minority thought that it... 29th July 2015 · 1 min read
UK Commercial Property Data Response Lending to commercial property (June) With capital values buoyant, investor sentiment strong and reports that availability is becoming a pressing issue in many markets, June’s drop in net property lending is unlikely to be a sign that the... 29th July 2015 · 1 min read
UK Commercial Property Data Response Employment data (May) Today’s employment data present the first fall in employment for two years. However, the broader trend is one of improvement in the labour market. In particular, strong earnings growth is likely to... 15th July 2015 · 1 min read
UK Commercial Property Data Response Commercial property investment (Jun) Non-mainstream sectors took centre stage in another bumper month for property investment in June. Six deals involving petrol stations, hotels, leisure and student housing accounted for half of the £8... 9th July 2015 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Jun.) The latest CIPS/Markit construction PMI shows that supply in the commercial property sector is now rising at its fastest rate since 2008. But with most evidence also suggesting that availability is... 2nd July 2015 · 1 min read
UK Commercial Property Data Response Lending to commercial property (May) April’s rise in net lending to the commercial property sector was more than reversed in May. But the small rise in development lending activity suggests that confidence in the lending environment is... 29th June 2015 · 1 min read
UK Commercial Property Data Response Employment data (Q1/April) Employment rates are already at record highs, so the moderation in the pace of job creation in the three months to April is not an obvious cause for alarm, especially as the data show a healthy spread... 17th June 2015 · 1 min read
UK Commercial Property Data Response Commercial property investment (May) Offices accounted for the lion’s share of UK commercial property investment activity in May, and drove almost half of the increase from April. However, it was also notable that investor appetite for... 11th June 2015 · 1 min read
UK Commercial Property Data Response Lending to commercial property & CIPS construction (Apr./May) The stock of commercial property debt rose marginally in April, ending a run of 27consecutive monthly contractions. The data thus echo the recent DeMontfortfindings which suggest that the property... 2nd June 2015 · 1 min read
UK Commercial Property Data Response IPF Consensus Forecasts (Q2) May’s IPF Consensus survey shows that most forecasters now recognise that the commercial property market has more momentum than they previously thought. Yet despite the latest upgrades, we suspect... 29th May 2015 · 1 min read
UK Commercial Property Data Response Employment data (Mar.) The start of the year has seen further improvement in the labour market, with unemployment falling further and real pay now growing strongly. This suggests that the positive momentum in rental value... 13th May 2015 · 1 min read
UK Commercial Property Data Response Commercial property investment (Apr.) The value of commercial property deals struck in April slumped by 54%m/m. But the bulk of that decline can be accounted for by the fact that March’s total was boosted by two huge one-off deals. In... 11th May 2015 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Apr.) April’s dip in the commercial construction PMI could be a sign that developers sense that the recovery in occupier demand is fading. But such a conclusion seems premature to us. Therefore, it is... 5th May 2015 · 1 min read
