UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Sep.) The fall in the headline construction PMI in September suggests that construction output contracted in Q3. For the commercial property sector, the softer supply pipeline may limit rental values falls... 2nd October 2019 · 2 mins read
UK Commercial Property Data Response Lending to commercial property (Aug.) August’s solid rise in net lending is unlikely to be sustained. Indeed, with capital values set to decline further in the months ahead, we expect that demand for credit will fall from its current... 30th September 2019 · 2 mins read
UK Commercial Property Data Response IPF Consensus Forecasts The IPF Consensus forecast downgraded its forecasts for all-property total returns this year to 0.9% p.a.. Although the outcome of Brexit is likely to be an important driver of commercial property... 6th September 2019 · 3 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Aug.) The decline in the headline construction PMI in August provides further evidence that construction activity has failed to recover so far in Q3. With firms cautious about the outlook, commercial... 3rd September 2019 · 2 mins read
UK Commercial Property Data Response Lending to commercial property (Jul.) The decline in net lending in July is consistent with our view that net lending will be subdued over the rest of the year, as Brexit-related uncertainty and falling capital values weigh on credit... 30th August 2019 · 2 mins read
UK Commercial Property Data Response Lending to commercial property (Jun.) The rise in net lending to real estate during June was unexpectedly strong. But with uncertainty high and capital values expected to fall further, we don’t expect the recent vigour to be maintained... 29th July 2019 · 2 mins read
UK Commercial Property Data Response RICS Commercial Property Market Survey (Q2) Weakness in the retail sector is expected to weigh on all-property rental values this year. However, surveyors do not expect the commercial property sector to experience a hard landing. 25th July 2019 · 2 mins read
UK Commercial Property Data Response RICS Construction Market Survey (Q2) Although the improvement in workload expectations was encouraging, with Brexit uncertainty prolonged and commercial property values expected to fall, a strong increase in the development pipeline is... 18th July 2019 · 2 mins read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q2) Lenders reported a drop in mortgage availability in Q2. And while that decline is expected to reverse in Q3, we doubt that will translate into a rebound in mortgage lending. Meanwhile, credit... 18th July 2019 · 3 mins read
UK Commercial Property Data Response Lending to commercial property (May) May’s increase in net lending is unlikely to be sustained. Indeed, with capital values expected to decline, we think that demand for credit will be subdued this year. 1st July 2019 · 2 mins read
UK Commercial Property Data Response IPF Consensus Forecasts The downgrade to the IPF Consensus forecast for all-property total returns this year to 1.8% y/y, mainly reflected a weaker outlook for the retail sector. Although our forecasts are similar this year... 31st May 2019 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Apr.) April saw a sharp reversal of the large increase in net lending in March. With uncertainty prolonged and yields starting to rise, we think that net lending will be subdued this year. 31st May 2019 · 1 min read
UK Commercial Property Data Response Commercial property investment (Apr.) The weakness in April’s investment data reinforces the downward underlying trend in activity. Indeed, with uncertainty prolonged and pricing concerns apparent, particularly in the retail sector, we... 21st May 2019 · 1 min read
UK Commercial Property Data Response RICS Construction Market Survey (Q1) Workloads deteriorated further in Q1, although some improvement is expected. But with labour and finance constraining activity, commercial property supply is unlikely to increase substantially. 2nd May 2019 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Mar.) A strong increase in net lending in March boosted the Q1 total but we think that concerns about property values, particularly in the retail sector, will prevent a sustained rise in net lending this... 1st May 2019 · 1 min read
UK Commercial Property Data Response RICS Commercial Property Market Survey (Q1) The RICS survey showed no improvement in occupier demand conditions and investment enquires worsening, consistent with the property market slowing further. 25th April 2019 · 1 min read
