UK Commercial Property Data Response Financial and business services sector jobs (Q4) The number of financial & business services (FBS) sector jobs rose to a new record high in the final three months of last year. Although the large development pipeline will act as a brake, it now... 17th April 2013 · 1 min read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q1 13) Credit availability to the property sector, particularly residential mortgage credit, is still rising, helped by some lenders seeking to increase their market share. But the improvement is not as... 3rd April 2013 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Mar. 13) The tone of today’s CIPS/Markit construction PMI was downbeat. Whether we look specifically at the commercial sub-sector or the construction sector as a whole, activity has now contracted in seven of... 3rd April 2013 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Feb. 13) In net terms, lending to the commercial property sector was negative for the fifteenth consecutive month in February. Yet progress in reducing lenders’ exposure to the property sector is slow. Thus... 2nd April 2013 · 1 min read
UK Commercial Property Data Response Colliers/Real Estate Capital Pricing Survey (Mar 13) March’s Colliers/Real Estate Capital survey indicates that secondary property yields edged back up in recent months, reversing the previous quarter’s fall. If anything, this has increased the short... 25th March 2013 · 1 min read
UK Commercial Property Data Response Institutional Investment in Property (Q4) UK-based investing institutions made modest net purchases of commercial property in the final few months of 2012, extending the pattern of the past few years. But this has not triggered a wider... 22nd March 2013 · 1 min read
UK Commercial Property Data Response Mergers and Acquisitions (Q4 12) Merger and acquisition (M&A) activity slumped at the end of 2012. This obviously hasn’t pulled the rug out from under the Central London office markets, but will nevertheless have been a restraint... 5th March 2013 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Feb. 13) The stabilisation in commercial property construction in January proved to be only temporary, with the CIPS/Markit PMI falling back to 45.5 in February, a three-year low. Given occupier demand is... 4th March 2013 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Jan. 13) Net commercial property lending by banks and building societies was negative again in January and we doubt that this trend will come to an end anytime soon. However, at least “new” lenders, e.g... 1st March 2013 · 1 min read
UK Commercial Property Data Response IPF Consensus Forecasts (Q1 13) Respondents to the latest IPF Consensus forecasts envisage rental value growth resuming in 2014 and then accelerating in 2015. But the implication from the capital value forecasts is that yields have... 22nd February 2013 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Jan. 13) Overall construction activity edged down again in January, although the commercial property sector managed to hold steady. On past form, these data suggest that developers do not anticipate occupier... 4th February 2013 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Dec. 12) Net commercial property lending was negative again in December and it seems likely that this pattern will continue for some time yet. However, it is encouraging that there remains little evidence of... 30th January 2013 · 1 min read
UK Commercial Property Data Response RICS Commercial Property Market Survey (Q4 12) Today’s RICS survey showed that occupier demand remains soft and that surveyors envisage unchanged rental values over the next three to six months. That looks plausible to us, although the risks are... 29th January 2013 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Nov.) Net commercial property lending was negative again in November, taking the run of sub-zero readings to 12 months. Credit availability may improve a little in the coming quarters, but with the economic... 4th January 2013 · 1 min read
UK Commercial Property Data Response Credit Conditions Survey (Q4) & Construction PMI (Dec.) The tone of both of today’s commercial property data releases was downbeat. Although the latest Bank of England survey showed that credit supply in the sector has improved slightly, borrowers are not... 3rd January 2013 · 1 min read
UK Commercial Property Data Response Institutional Investment in Property (Q3) For the 11th quarter of the past 12, Q3 saw UK-based investing institutions make net purchases of commercial property. However, institutions’ allocations to the sector remain very low by past... 20th December 2012 · 1 min read
