UK Housing Market Data Response Bank of England Credit Conditions Survey (Q3) A weaker economic outlook and stronger risk aversion among lenders led banks to tighten credit availability in Q3. What’s more, lending to commercial property was also reined in. 17th October 2019 · 3 mins read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q3) A weaker economic outlook and stronger risk aversion among lenders led banks to tighten credit availability in Q3. What’s more, lending to commercial property was also reined in. 17th October 2019 · 3 mins read
Europe Commercial Property Update Limited upward movement in Paris prime retail rents While Paris prime retail rents rose in 2018, we doubt this marks the start of a prolonged upward trend. With tourist flows set to stagnate due to a weak global economy, rents will not rise by much... 9th October 2019 · 3 mins read
UK Housing Market Data Response Halifax House Prices (Sep.) September’s fall in the Halifax house price index chimes with the message from the alternative measures and suggests that house price inflation is subdued. Indeed, with house prices already high and... 7th 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 Chart Pack Stabilisation in rents to be short-lived In August, stronger rental value growth in the office and industrial sectors meant that annual all-property rental value growth held steady. (See Chart 1.) This is consistent with the recent... 26th September 2019 · 7 mins read
UK Housing Market Chart Pack London Housing Chart Book: More price falls to come The brief rise in London buyer activity proved to be short lived, suggesting that the capital’s housing market malaise has further to run. Indeed, even if a no-deal Brexit is avoided, we expect London... 24th September 2019 · 7 mins read
Non-Euro Europe Commercial Property Outlook Retail yields facing an uptick Our new forecasts reflect Scandinavian prime office yields falling in 2020 and into 2021, on the back of our lower bond yield profile. But retail property in the region faces slight yield rises as... 20th September 2019 · 35 mins read
UK Housing Market Update Mortgage interest rates close to their floor Increased competition among lenders has caused mortgage interest rates to fall in recent months. But funding costs are set to remain pretty stable. That, combined with already tight interest margins... 20th September 2019 · 3 mins read
Europe Commercial Property Outlook Further falls in yields to sustain capital value growth With the euro-zone slowdown underway, we think that the ECB will loosen monetary policy before the year is out, meaning bond yields are set to remain negative for some time. As a result, yield... 11th September 2019 · 30 mins read
UK Housing Market Data Response Halifax House Prices (Aug.) While the revamped Halifax House Price Index pointed to slightly faster annual house price growth in August, it is a far cry from the unusually strong rates shown by the old series. Nonetheless, with... 6th September 2019 · 2 mins read
UK Economics Weekly Suspending Parliament increases chances of a no deal Brexit By restricting the window in which Parliament can prevent a no deal, the suspension of Parliament from sometime in the second week of September until 14th October has increased the downside risks to... 30th August 2019 · 6 mins read
UK Economics Update How does a Brexit deadline influence GDP growth? The surge and contraction in GDP over the first half of the year can be blamed on the original 29th March Brexit deadline. While we expect a similar pattern in Q3/Q4 due to the current 31st October... 29th August 2019 · 3 mins read
UK Data Response Business & Consumer Confidence (Aug.) August’s EC survey of UK business and consumer confidence raises concern that the consumer sector may soon succumb to the malaise that has taken hold in the manufacturing sector. But with real wage... 29th August 2019 · 3 mins read
UK Data Response Retail Sales (Jul.) The rise in retail sales in July was fairly encouraging and supports our view that the economy has picked up in Q3 after contracting by 0.2% q/q in Q2. 15th August 2019 · 2 mins read
UK Markets Outlook Global jitters aggravated by no deal fears The global shift away from risky assets and towards safer ones that seems to be underway will either be exacerbated by a no deal Brexit on 31st October or cushioned by a deal or a delay. Although a... 12th August 2019 · 14 mins read
