UK Commercial Property Rapid Response

S&P Global/ CIPS Construction PMI (Feb. 24)

The headline CIPS construction PMI rose to 49.7 in February, just under the no change level. The rise was driven by the housing component, with commercial activity edging back a touch. As interest...

6th March 2024 · 2 mins read

UK Commercial Property Rapid Response

Lending to commercial property (Jan. 24)

29th February 2024 · 1 min read

UK Commercial Property Rapid Response

S&P Global/ CIPS Construction PMI (Jan.)

The rise in the headline CIPS construction PMI from 46.8 in December to 48.8 in January was driven by improvements in both the housing and commercial readings. (See Chart 1.) While we doubt commercial...

6th February 2024 · 2 mins read

UK Commercial Property Rapid Response

Lending to commercial property (Dec. 23)

Net lending to commercial property increased for the tenth consecutive month in December, but investment sentiment remained downbeat. Looking ahead, we expect investment to slowly recover over H1 2024...

30th January 2024 · 2 mins read

UK Commercial Property Rapid Response

S&P Global/ CIPS Construction PMI (Dec.)

The rise in the headline CIPS construction PMI from 45.5 in November to 46.8 in December was driven by the increase in the housing balance, while the commercial reading fell further. Looking ahead, we...

5th January 2024 · 2 mins read

UK Commercial Property Rapid Response

Lending to commercial property (Nov. 23)

Net lending to commercial property increased for the ninth consecutive month in November, but that wasn’t reflected in investment volumes which dropped further. But throughout H1 2024 we expect...

4th January 2024 · 2 mins read

UK Commercial Property Rapid Response

S&P Global/ CIPS Construction PMI (Nov.)

The headline CIPS construction PMI barely changed in November, settling at 45.5 from 45.6 in October, and was still below the 50 “no-change” mark. The sharp fall in the commercial balance was offset...

6th December 2023 · 2 mins read

UK Commercial Property Rapid Response

Lending to commercial property (Oct. 23)

While net lending to commercial property increased for the eighth consecutive month in October, this hasn’t translated into higher investment volumes – which fell back again in October. But further...

29th November 2023 · 2 mins read

UK Commercial Property Rapid Response

S&P Global/ CIPS Construction PMI (Oct.)

The uptick in the headline CIPS construction PMI from 45.0 in September to 45.6 in October still left it below the 50 “no-change” mark. But despite an improvement in both the commercial activity and...

6th November 2023 · 2 mins read

UK Commercial Property Rapid Response

Lending to commercial property (Sep. 23)

Net lending to property totaled £132mn in September, the lowest amount since February. But looking through the monthly volatility, on a 3-month basis lending has totaled more than £1.5bn in every...

30th October 2023 · 2 mins read

UK Commercial Property Rapid Response

S&P Global/ CIPS Construction PMI (Sep.)

The decline in the headline CIPS construction PMI from 50.8 in August to 45.0 in September took it below the 50 “no-change” mark for the first time since January. The fall was driven by a plunge in...

5th October 2023 · 2 mins read

UK Commercial Property Rapid Response

Lending to commercial property (Aug. 23)

29th September 2023 · 2 mins read

UK Commercial Property Rapid Response

S&P Global/ CIPS Construction PMI (August)

6th September 2023 · 2 mins read

UK Commercial Property Rapid Response

Lending to commercial property (Jul. 23)

Net lending to commercial property was positive for the fifth consecutive month in July although, at £297m, the increase was the smallest since lending contracted in February.

30th August 2023 · 1 min read

UK Commercial Property Rapid Response

S&P Global/CIPS Construction PMI (Jul 23)

The headline CIPS construction PMI resumed its upward trend in July, with the rise to 51.7 more than reversing the drop into contractionary territory in June.

4th August 2023 · 2 mins read