UK Commercial Property Data Response Lending to commercial property (Jun.) As expected, net lending to property eased in June from the sharp rise in May. As the recovery in transaction activity is likely to be slow, we expect demand for new lending to be weak for the rest of... 29th July 2020 · 2 mins read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q2) Mortgage credit availability collapsed in Q2, while commercial loan conditions improved on the back of government loan guarantees. Looking ahead, lenders expect both commercial and residential... 16th July 2020 · 3 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Jun.) June’s PMI construction jumped back above 50 for the first time in four months, confirming that activity is starting to return to normal. The improvement was driven by both commercial and residential... 6th July 2020 · 2 mins read
UK Commercial Property Data Response Lending to commercial property (May.) The notable rise in net lending in May was probably due to lenders allowing for payment holidays rather than an increase in new loans to investors. But, these measures can only continue in the short... 29th June 2020 · 2 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (May.) May’s rise in the construction PMI suggests that April was probably the low point for activity. The improvement was driven both the commercial and residential sectors. Looking ahead, with lockdown... 4th June 2020 · 2 mins read
UK Commercial Property Data Response Lending to commercial property (Apr.) As expected, net lending turned negative in April following a sharp rise in March. Given that transaction activity will see a fall in the second quarter of this year, we think that net lending to... 2nd June 2020 · 2 mins read
UK Commercial Property Data Response IPF Consensus Forecasts (May) The latest IPF Consensus Forecasts were revised down sharply, given the downbeat outlook for the economy and its implications for property. While our views on offices and industrial appear to be... 29th May 2020 · 3 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Apr.) April’s Construction PMI collapsed to a record low of just 8.2. That was driven by the commercial and residential sectors, which both saw record falls in activity. But looking ahead, with signs that... 6th May 2020 · 2 mins read
UK Commercial Property Data Response Lending to commercial property (Mar.) The sharp rise in net lending figures in March was probably due to banks permitting payment holidays rather than a significant boost in new loans to investors. Given that these are likely to be... 1st May 2020 · 2 mins read
UK Commercial Property Data Response RICS Commercial Property Market Survey (Q1) The Q1 RICS survey confirms fears for the outlook for property. Yet, while a sharp decline in both occupier and investment market conditions was reported, there was a marked deterioration in responses... 30th April 2020 · 2 mins read
UK Commercial Property Data Response RICS Construction Market Survey (Q1) While the decline in workload reported was modest, there was a marked worsening in responses received towards the end of the survey period. Indeed, with profit margins set to fall and lending likely... 23rd April 2020 · 2 mins read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q1) Mortgage availability is set to collapse in Q2. Part of that will reflect limitations caused by physical distancing measures due to the coronavirus. Yet broader concerns about the economy, house... 16th April 2020 · 3 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Mar.) March’s Construction PMI fell to its lowest reading since 2009, with commercial construction seeing a particularly sharp fall. Housebuilding saw a more modest decline, but as revenues dry up over the... 6th April 2020 · 2 mins read
UK Commercial Property Data Response Lending to commercial property (Feb.) The improvement in net lending figures in February is unlikely to be sustained. Given that transactions are likely to grind to a halt as containment measures restrict most trading and that we expect... 30th March 2020 · 2 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Feb.) The IHS Markit/CIPS Construction PMI pointed to the strongest rise in construction since December 2018. This was driven by improvements in both commercial property and housing. But with the economic... 3rd March 2020 · 2 mins read
UK Commercial Property Data Response Lending to commercial property (Jan.) As expected, net property lending at the start of this year was relatively weak. The notable slowdown in lending to standing investment weighed on overall net lending to commercial property. We think... 2nd March 2020 · 2 mins read
