UK Commercial Property Data Response Lending to commercial property (Nov.) Consistent with soft investment activity and a return to more regular loan repayments, net lending was negative for the second consecutive month in November. Looking ahead, we think a weaker near-term... 4th January 2021 · 2 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Nov.) The rise in the headline construction PMI in November showed that the industry continued to recover even as overall economic activity probably contracted again. But builders’ optimism that this will... 4th December 2020 · 3 mins read
UK Commercial Property Data Response Lending to commercial property (Oct.) Net lending turned negative in October. We think this can be explained by weaker investment activity and a return to more regular loan repayments after earlier payment holidays. Looking ahead, we... 30th November 2020 · 2 mins read
UK Commercial Property Data Response IPF Consensus Forecasts (Nov.) The latest IPF Consensus Forecast saw a marked downgrade to next year’s outlook. Although we expect values to decline next year too, we are less pessimistic when it comes to the size of those falls... 27th November 2020 · 3 mins read
UK Commercial Property Data Response RICS Construction Market Survey (Q3) While the RICS Construction Survey still points to a small decline in output in Q3, there was a marked improvement in the share of surveyors reporting a fall in construction workload. Expectations... 5th November 2020 · 2 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Oct.) The fall in the headline construction PMI to its lowest level since May shows that the recovery in activity was waning even before the second lockdown began. Admittedly, construction sites will remain... 5th November 2020 · 3 mins read
UK Commercial Property Data Response RICS Commercial Property Market Survey (Q3) Despite surveyors reporting a rise in industrial occupier demand in Q3, conditions for the retail and office sectors were still poor. In turn, expectations for all-property rental and capital values... 29th October 2020 · 2 mins read
UK Commercial Property Data Response Lending to commercial property (Sept.) Having revised up figures for August, net lending rose for the second consecutive month in September. We think this can be explained by a pick-up in investment activity, but we think a deterioration... 29th October 2020 · 2 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Sep.) The construction PMI strengthened in September, driven by an improvement in both the commercial and residential sectors. Still, with fresh virus restrictions likely to hit commercial occupier demand... 6th October 2020 · 2 mins read
UK Commercial Property Data Response Lending to commercial property (Aug.) Having fallen sharply in July, net lending to property was practically flat in August. As the recovery in transaction activity show signs of slowing and banks are less willing to grant further payment... 29th September 2020 · 2 mins read
UK Commercial Property Data Response IPF Consensus Forecasts (Aug.) The latest IPF Consensus Forecasts were revised down over the forecast horizon, with notable downgrades to next year’s outlook. Our views are broadly in line with the IPF in terms of sector rankings... 4th September 2020 · 3 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Aug.) While the recovery in both commercial and residential construction lost momentum in August, growth in housebuilding far outperformed commercial. This trend is likely to continue, reflecting the... 4th September 2020 · 2 mins read
UK Commercial Property Data Response Lending to commercial property (Jul.) In line with our expectations, net lending to property saw a marked decline in July as transactions remained low and banks tightened their belts. We expect banks’ willingness to grant further payment... 1st September 2020 · 2 mins read
UK Commercial Property Data Response IHS Construction PMI / RICS Construction (Jul/Q2.) The rise in July’s construction PMI is an encouraging sign for activity. Looking ahead, we expect housing construction will lead the upturn in activity, while further falls in values in the commercial... 6th August 2020 · 2 mins read
UK Commercial Property Data Response RICS Commercial Property Market Survey (Q2) The RICS survey confirmed demand for property declined again in Q2 and the outlook for rents and capital values worsened across all sectors. While surveyors were most pessimistic about retail and... 30th July 2020 · 2 mins read
