UK Commercial Property Data Response CIPS/Markit Construction PMI (Nov.) The CIPS/Markit PMI for November showed a slight slowdown in the pace of growth in commercial property construction. Looking ahead, given very weak economic prospects, the risks to occupier demand... 2nd December 2011 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Oct.) Net lending flows to commercial property in October, of minus £1.3bn, were the worst since September last year. Given lenders’ focus on reducing property exposure, net lending flows are set to remain... 29th November 2011 · 1 min read
UK Commercial Property Data Response IPF Consensus Forecasts (Q4) Respondents to the IPF Consensus Forecasts no longer expect all-property capital values to hold up next year and have pencilled in renewed falls of about 2%, driven solely by higher yields. Reflecting... 25th November 2011 · 1 min read
UK Commercial Property Data Response RICS Construction Survey (Q3) Today’s RICS construction survey again showed divergent trends, with declines in public sector activity in Q3 broadly offset by growth in the private sector. But in turn, the latter depended solely on... 23rd November 2011 · 1 min read
UK Commercial Property Data Response Colliers/Real Estate Capital Pricing Survey Respondents to the Colliers/Real Estate Capital survey now expect commercial property prices to fall in 2012. The anticipated decline is roughly 2%, driven by adverse yield impact. However, we suspect... 21st November 2011 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Oct.) Today’s PMI showed that commercial property construction continued to expand at a steady pace in October. But with development finance remaining restricted and the economic and, hence, occupier market... 2nd November 2011 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Sep.) In Q3, net commercial property lending flows dipped back into negative territory. Given lenders’ high exposure to the sector, along with the rapidly weakening economic backdrop, there seems little... 31st October 2011 · 1 min read
UK Commercial Property Data Response RICS Commercial Property Market Survey (Q3) The overall tone of the latest RICS commercial property survey took a marked turn for the worse. Indeed, the survey did nothing to ease concerns that, over the past three months, the risks of a... 15th October 2011 · 1 min read
UK Commercial Property Data Response Construction PMI (Sep.) & Institutional Property Investment (Q2) Today’s CIPS/Markit PMI showed that commercial property construction continues to grow steadily. However, the weak economic outlook suggests that it is more likely to slow sharply over the medium term... 5th October 2011 · 1 min read
UK Commercial Property Data Response Lending to commercial property (August) In August, net lending to the economy as a whole rebounded strongly from July’s weak result. But lending to commercial property was an exception. There seems little prospect that new credit for... 30th September 2011 · 1 min read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q3) Today’s Bank of England Credit Conditions Survey suggested that the near-term outlook for residential property lending, if anything, may be slightly more positive than in the commercial property... 29th September 2011 · 1 min read
UK Commercial Property Data Response Financial and business services sector jobs (Q2) Financial and business services (FBS) sector employment edged lower in Q2, which reinforces the downside risks to Central London office rental values. For now, supply constraints should see further... 15th September 2011 · 1 min read
UK Commercial Property Data Response Mergers and Acquisitions (Q2) By volume, merger and acquisition (M&A) activity involving UK firms was weak in Q2, while the recent turmoil in financial markets does not bode well for Q3. Given that M&A is an important revenue... 7th September 2011 · 1 min read
UK Commercial Property Data Response Consensus Forecasts (Q3) and Construction PMI (Aug.) The message from the latest IPF Consensus forecasts is that the commercial property market as a whole remains set for a few slow but steady years. We broadly share that view, but are much more... 3rd September 2011 · 1 min read
UK Commercial Property Data Response Lending to commercial property (July) After some mildly encouraging figures over the first half of 2011, net new lending to commercial property fell back into negative territory in July. Against the backdrop of a sluggish economy and the... 31st August 2011 · 1 min read
UK Commercial Property Data Response RICS Construction Survey (Q2) Today’s RICS Construction survey suggested that private sector activity was strong enough in Q2 to balance a decline in public sector output. Looking ahead, a slowdown in construction activity would... 5th August 2011 · 1 min read
