UK Commercial Property Data Response Financial and business services sector jobs (Q3 12) The number of financial & business services (FBS) sector jobs hit a fresh record high in Q3. For now, we continue to pencil in falls in City and West End office rents in 2013. But the persistent... 12th December 2012 · 1 min read
UK Commercial Property Data Response Construction PMI (Nov.) and Mergers & Acquisitions (Q3) The CIPS/Markit construction PMI suggests that commercial property developers have become more rather than less cautious about the occupier demand outlook, while weak mergers & acquisitions data also... 4th December 2012 · 1 min read
UK Commercial Property Data Response IPF Consensus Forecasts (Q4 12) Respondents to the latest IPF Consensus forecasts envisage rental values beginning to edge higher next year. But with capital values also expected to drop further in 2013, the implication is that any... 30th November 2012 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Oct. 12) Net commercial property lending was negative for the 11th consecutive month in October. However, while lenders continue to make progress on working out nonperforming loans, uncertainty and the weak... 29th November 2012 · 1 min read
UK Commercial Property Data Response Colliers/Real Estate Capital Pricing Survey (Nov 12) The latest Colliers/ Real Estate Capital survey suggests that secondary property yields have ticked down in recent months. It is too early to be sure that this is a start of a new trend. But these... 26th November 2012 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Oct.) A modest rise in construction activity in October did not change the bigger picture of a sector that is still very subdued. And in the commercial sector, activity barely moved from the two and a half... 2nd November 2012 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Q3/Sep.) Measured as a share of outstanding loans, lenders’ exposure to commercial property hit a seven and a half year low in Q3. Nevertheless, credit conditions in the commercial property sector are unlikely... 29th October 2012 · 1 min read
UK Commercial Property Data Response RICS Construction Survey (Q3 12) Today’s RICS data suggest that commercial property developers anticipate occupier demand remaining soft, consistent with mild, near-term falls in IPD all-property rental values. We certainly agree... 24th October 2012 · 1 min read
UK Commercial Property Data Response RICS Commercial Property Market Survey (Q3) Today’s RICS survey showed that occupier demand for property remained weak in Q3 and availability rose further. Of course, that is consistent with the weak economic backdrop. To us, the downside risks... 12th October 2012 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Sep.) Although activity in the wider construction sector edged up a fraction in September, activity in the commercial sector continued to soften. That suggests that confidence in the prospects of an... 2nd October 2012 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Aug.) August was the ninth consecutive month of negative net commercial property lending flows. Unfortunately, it is hard to avoid the conclusion that tough conditions in the property lending market are set... 1st October 2012 · 1 min read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q3) Respondents to the latest Bank of England Credit Conditions survey reported a sharp rise in the availability of mortgage finance in Q3 and expect this to continue over the next three months. By... 26th September 2012 · 1 min read
UK Commercial Property Data Response Institutional Investment in Property (Q2) Official data show that a run of net buying of property by UK investing institutions came to an end in Q2. And Property Archive data show that this net selling continued in July and August. Experience... 25th September 2012 · 1 min read
UK Commercial Property Data Response Financial and business services sector jobs (Q2) The number of financial & business services (FBS) sector jobs hit a new record high in Q2. With new development completions set to be high next year and in 2014, fresh falls in Central London office... 12th September 2012 · 1 min read
UK Commercial Property Data Response IPF Consensus Forecasts (Q3) The latest IPF Consensus forecasts contained few revisions from the previous survey. Capital values are still expected to drop by up to 5% this year, edge a little lower next year and then start to... 7th September 2012 · 1 min read
UK Commercial Property Data Response Construction PMI (Aug.) and Mergers & Acquisitions (Q2) For the first time since early 2010, August saw the commercial property construction PMI dip below 50. Meanwhile, mergers and acquisitions activity remained very low in Q2. As signals of continued... 4th September 2012 · 1 min read
