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 Chart Pack Rising retail yields cause capital values to fall The marginal increase in rental values in November was not enough to prevent capital values from falling on an annual basis. Indeed, the impact of rising yields, particularly in the retail sector... 20th December 2019 · 6 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 Data Response IHS Markit/CIPS Construction PMI (Nov.) November’s headline construction PMI increased from last month, which pointed towards the slowest decline in construction output since July. Nevertheless, it continues to point to a deterioration. The... 3rd December 2019 · 2 mins read
UK Housing Market Data Response IHS Markit/CIPS Construction PMI (Nov.) November’s headline construction PMI increased from last month, which pointed towards the slowest decline in construction output since July. Nevertheless, it continues to point to a deterioration. The... 3rd December 2019 · 2 mins read
UK Commercial Property Data Response IPF Consensus Forecasts The November’s IPF Consensus survey highlighted a weakening in the property outlook in the next year, though compensated by some improvement in 2021. Despite this, we think they are still too upbeat... 29th November 2019 · 2 mins read
UK Commercial Property Data Response Lending to commercial property (Oct.) Net lending to property was relatively weak in November. And we don’t expect much of an improvement over the coming months as all-property capital values continue to decline and interest rates look... 29th November 2019 · 2 mins read
UK Commercial Property Chart Pack Capital values continue to fall Capital values have been falling since late 2018. This has led by declining retail capital values and slowing growth in office and industrial. We expect that all-property yields will continue to rise... 22nd November 2019 · 6 mins read
UK Commercial Property Outlook Returns to remain soft Regardless of the outcome of the election and Brexit, we expect all-property returns to be weak over coming years. Indeed, even if a deal is secured and economic growth picks up, we expect weakness in... 13th November 2019 · 25 mins read
UK Commercial Property Data Response RICS Construction Market Survey (Q3) The deterioration in workload expectations is consistent with the fact that, with Brexit uncertainty prolonged and commercial property values expected to fall, a strong increase in the construction... 7th November 2019 · 2 mins read
