UK Commercial Property Focus Property in the new Parliament At the time of the 2015 election, we expect commercial property prices to be more or less unchanged from their current levels. Yet despite the low interest rate environment, the outlook for... 12th July 2010 · 1 min read
UK Housing Market Focus Property in the new Parliament At the time of the 2015 election, we expect commercial property prices to be more or less unchanged from their current levels. Yet despite the low interest rate environment, the outlook for... 12th July 2010 · 1 min read
Europe Commercial Property Update World Cup triumph does not improve the Spanish retail outlook While it is not unreasonable to suggest the Spanish retail property market could be boosted by the national team’s World Cup success, unfortunately we think other factors will continue to provide far... 12th July 2010 · 1 min read
Europe Commercial Property Update Will Swedish property yields fall much further? The emerging recovery in Swedish property yields looks set to continue in the near-term. Indeed, we now think that the economic outlook in Sweden is one of the brightest in Western Europe, while... 8th July 2010 · 1 min read
UK Commercial Property Focus Does the yield curve foreshadow property performance? Our analysis suggests that the UK government bond yield curve has no predictive power for commercial property yields. The yield curve is potentially useful as a tool for forecasting rents, although it... 8th July 2010 · 1 min read
Europe Commercial Property Update Recovery in Spanish retail rental values is a distant prospect Following the plunge in May, June’s small rise in Spanish consumer confidence does little to improve the outlook for the Spanish retail property market. Indeed, with retail sales volumes unlikely to... 6th July 2010 · 1 min read
UK Commercial Property Update Income security holds up, but weak economy is a lingering threat With the economy in recession for much of 2009, the latest data from Strutt & Parker and IPD suggest that landlords fared reasonably well last year, retaining a high proportion of tenants and in many... 6th July 2010 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Jun 10) The latest PMI suggests that the rebound in commercial construction activity continued in June. This points to further growth in developers’ confidence about future property demand and rents. We agree... 2nd July 2010 · 1 min read
Non-Euro Europe Commercial Property Outlook Developed non-euro-zone markets offer the best risk/reward trade-off (Vol 2 2010) Since the previous Analyst, we have become a little more optimistic about the outlook for commercial property returns in 2010 and 2011. This mainly reflects the fact that, although the economic and... 1st July 2010 · 1 min read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q2 2010) The latest Credit Conditions Survey suggested that the supply of credit for commercial property is likely to remain restricted, but for residential borrowers it is likely to contract again. In light... 1st July 2010 · 1 min read
Pace of economic recovery to soften in 2011 (Vol 2 2010) In the euro-zone, GDP growth in most economies looks set to slow in 2011 as domestic demand remains insipid and fiscal policy is tightened. Germany and France are expected to be among the strongest... 30th June 2010 · 1 min read
UK Commercial Property Data Response Property Lending (May) & Institutional Investment (Q1) Net commercial property lending flows remained negative in May, reflecting the fact that banks’ and building societies’ exposure to the sector is still very high. Further negative lending flows are... 29th June 2010 · 1 min read
UK Commercial Property Update Property debt still a significant risk to UK financial system The Financial Stability Report (FSR) is not designed to lay out the Bank of England’s expectations for the financial system, economy or property markets. But there was enough in today’s report to... 25th June 2010 · 1 min read
Europe Commercial Property Update How sustainable is the recovery in French office rental values? We think that the nascent recovery in French office rental values probably has further to run. Indeed, with business confidence approaching long-run average levels and a risk of undersupply emerging... 23rd June 2010 · 1 min read
UK Commercial Property Chart Pack Debt burdens likely to limit property returns for years to come (Jul 10) The economy remains on track to expand again in Q2, not least because retail sales posted a solid increase of 0.6%m/m in May. However, the labour market remains fragile and the Budget measures will... 23rd June 2010 · 1 min read
Europe Commercial Property Update French and German prospects better than derivatives prices imply Commercial property derivatives pricing may be giving too negative a steer on the outlook for French and German capital values. Indeed, in projecting flat or falling property prices, derivatives... 22nd June 2010 · 1 min read
