UK Commercial Property Update Are lower interest rates good news for UK property? Coronavirus-related market trauma has not only caused a correction in equity and oil prices, but also pushed UK bond yields to new lows. This has created the potential for lower property yields, but... 11th March 2020 · 3 mins read
Europe Commercial Property Update What does COVID-19 mean for commercial real estate? The recent market meltdown reflects concerns about the economic impact of the COVID-19 virus. This will inevitably hit commercial property, but in our view, the downside is likely to be relatively... 6th March 2020 · 5 mins read
UK Commercial Property Update Growing upside to City office rents The latest MSCI data confirmed the gloom in UK commercial property showed no signs of abating during Q4 2019. But one of the few surprises was that City offices did better than expected, mirroring a... 14th February 2020 · 3 mins read
UK Commercial Property Update How might coronavirus impact European high streets? 4th February 2020 · 3 mins read
UK Commercial Property Update Signs of growing preference for European real estate Although the share of global capital raised by European-focused funds has reduced in the last couple of years, there are indications that investors are starting to view real estate in Europe as... 20th January 2020 · 3 mins read
UK Commercial Property Update Limited upside to development this year Against a weak outlook for both commercial property returns and the UK economy, any upside for development remains limited in 2020. 17th January 2020 · 3 mins read
UK Commercial Property Update Five key questions for commercial property in 2020 There is no denying that last year was a disappointing one for commercial property, with returns likely to be at a decade low. While we do expect some improvement this year, we believe that the... 10th January 2020 · 4 mins read
UK Commercial Property Update UK property returns better, but still likely to disappoint Following relatively weak all-property returns last year, we expect that 2020 will see an improvement as the retail downturn bottoms out later in the year. Despite this, even a positive return of... 9th January 2020 · 3 mins read
UK Commercial Property Update No post-election bounce, but upside to capital values The election of a Conservative government with a large majority is likely to mean a slightly improved commercial property outlook. While we do not expect a post-election rebound, lower interest rates... 24th December 2019 · 3 mins read
UK Commercial Property Update Will property fund outflows hit capital values? Recent mass retail fund outflows are not good news for the beleaguered UK commercial property market. In our view, this trend is not surprising given declining returns and, while we see downside to... 12th December 2019 · 3 mins read
UK Commercial Property Update Investment unlikely to rebound in 2020 Assuming a Brexit deal is agreed by the 31st January, the improved economic outlook is unlikely to support a rebound in commercial property investment in 2020. Indeed, we predict that a rise in yields... 6th December 2019 · 3 mins read
UK Commercial Property Update Potential upside for office rental value growth Given that employment growth has probably peaked, we expect office occupier demand to slow further over the next year or so, which will act as a drag on rental value growth. But the labour market may... 5th December 2019 · 3 mins read
UK Commercial Property Update Elections, Brexit and Property With Brexit delayed and a general election ahead, all our Brexit scenarios remain on the table. However, recent developments mean that, under each scenario, we think that all-property capital values... 5th November 2019 · 3 mins read
UK Commercial Property Update What happens to London’s offices if WeWork fails? The financial woes of WeWork have cast doubts over its long-run future and, given the reliance of the London office market on the co-working trailblazer, on the property outlook. In our view, this is... 21st October 2019 · 3 mins read
UK Commercial Property Update Soft tourism to weigh on the hotel sector We expect weak global growth to keep a lid on UK tourist flows. And with yields most likely to continue to rise, hotel capital values are likely to fall over the next few years. 18th October 2019 · 3 mins read
