UK Commercial Property Data Response Property lending (Feb.) and Credit Conditions Survey (Q1) The latest net lending data and Q1’s Credit Conditions survey confirm that the commercial property funding environment remains very difficult. Further negative net lending flows look more likely than... 29th March 2012 · 1 min read
UK Commercial Property Data Response Colliers/Real Estate Capital Pricing Survey The most interesting aspect of the latest Colliers/Real Estate Capital (REC) property pricing survey was that it indicated a rise in prime yields in recent months. To the extent that this marks a... 28th March 2012 · 1 min read
UK Commercial Property Data Response Institutional Investment in Property (Q4) Official data show that institutions made net purchases of property in Q4. This contrasts starkly with the net sales recorded by Property Archive. But we suspect that this may just reflect timing... 23rd March 2012 · 1 min read
UK Commercial Property Data Response Mergers and Acquisitions (Q4) Merger and acquisition (M&A) activity in the UK strengthened a little in Q4, but remains subdued by past standards. At the margin, this will dampen Central London office occupier demand, adding to our... 6th March 2012 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Feb.) Unlike yesterday’s manufacturing sector survey, today’s PMI data reported that activity levels in the construction sector strengthened in February. Activity in the commercial property sector continues... 2nd March 2012 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Jan.) Although they will come as little surprise to market participants, the latest data from the Bank of England confirm that the availability of credit for commercial property transactions continued to... 29th February 2012 · 1 min read
UK Commercial Property Data Response IPF Consensus Forecasts (Q1) The brighter tone of some of the economic surveys of late has not been reflected in Consensus forecasts for commercial property. Respondents to the latest IPF survey have cut their forecasts for... 24th February 2012 · 1 min read
UK Commercial Property Data Response RICS Construction Survey (Q4) Given that official data have already shown that construction output fell in Q4, the negative headline balance from today’s RICS construction survey was no surprise. More interestingly, the sector... 8th February 2012 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Jan.) The CIPS/Markit PMI showed that commercial property construction activity expanded for the 23 rd consecutive month in January. But with the economy likely to remain very weak, we think that the risks... 2nd February 2012 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Dec.) The latest data from the Bank of England confirm that the commercial property lending environment deteriorated markedly in the final stages of last year. Unfortunately, all the signs are that lending... 31st January 2012 · 1 min read
UK Commercial Property Data Response RICS Commercial Property Market Survey (Q4) The tone of the latest RICS commercial property survey was very downbeat and supports our view that rental values will decline this year. For now, the consensus forecast is that rents will increase... 12th January 2012 · 1 min read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q4) Today’s Credit Conditions Survey showed that the supply of residential mortgage finance continues to improve slowly. But with lenders now tightening credit scoring criteria again, this is less... 5th January 2012 · 1 min read
UK Commercial Property Data Response Property lending (Nov.) & CIPS/Markit Construction PMI (Dec.) Net lending flows to commercial property rebounded in November but, given the sluggish economy and rising tensions in financial markets, a sustained improvement in the lending environment seems... 4th January 2012 · 1 min read
UK Commercial Property Data Response Institutional Investment in Property (Q3) Official statistics suggest that sentiment towards commercial property among institutional investors held up fairly well in the third quarter. But more timely monthly figures suggest that net... 21st December 2011 · 1 min read
UK Commercial Property Data Response Financial and business services sector jobs (Q3) Financial and business services (FBS) sector employment rose strongly in Q3, which will have supported Central London office rental values. But a raft of banking job cuts have been announced since Q3... 14th December 2011 · 1 min read
UK Commercial Property Data Response Mergers and Acquisitions (Q3) By volume, merger and acquisition (M&A) activity involving UK firms in Q3 dropped to levels last seen at the time of the credit crunch and deep recession in late 2008 and early 2009. These data... 6th December 2011 · 1 min read
