UK Commercial Property Data Response Lending to commercial property (Sept.) Having revised up figures for August, net lending rose for the second consecutive month in September. We think this can be explained by a pick-up in investment activity, but we think a deterioration... 29th October 2020 · 2 mins read
UK Commercial Property Chart Pack Office rents suffer and pricing stability set to unravel A faster deterioration in office rents meant that all-property rental values fell at a quicker pace in September. As a result, with yields stable, all-property capital values declined less steeply... 23rd October 2020 · 8 mins read
UK Commercial Property Update Weak lending to put pressure on investors In the current environment, bank lending to property will likely stay weak. Moreover, falling values are expected to lead to an estimated £30bn re-financing gap in the coming years, which will put... 16th October 2020 · 3 mins read
UK Housing Market Data Response Credit Conditions Survey (Q3) Mortgage availability saw a modest improvement Q3, but not enough to reverse the large fall seen in Q2. Meanwhile, credit availability to commercial property fell sharply during the quarter, and... 15th October 2020 · 2 mins read
UK Commercial Property Update London industrial demand suffers but rents to hold up Along with difficulty in conducting viewings, London’s hard-hit hospitality and leisure sectors meant that there was a sharp fall in multi-let industrial take-up in H1. While availability is likely to... 9th October 2020 · 3 mins read
UK Housing Market Data Response IHS Markit/CIPS Construction PMI (Sep.) The construction PMI strengthened in September, driven by an improvement in both the commercial and residential sectors. Still, with fresh virus restrictions likely to hit commercial occupier demand... 6th October 2020 · 2 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Sep.) The construction PMI strengthened in September, driven by an improvement in both the commercial and residential sectors. Still, with fresh virus restrictions likely to hit commercial occupier demand... 6th October 2020 · 2 mins read
UK Commercial Property Update Restrictions and WFH U-turn pose downside risk The resurgence in virus cases in the UK has led the government to reverse its advice on returning to the office. Given that many workers continued to work from home anyway, the impact of this change... 2nd October 2020 · 3 mins read
UK Commercial Property Data Response Lending to commercial property (Aug.) Having fallen sharply in July, net lending to property was practically flat in August. As the recovery in transaction activity show signs of slowing and banks are less willing to grant further payment... 29th September 2020 · 2 mins read
UK Commercial Property Chart Pack Pricing set to worsen Though the slowdown in the pace of rental and capital value falls in recent months seems to suggest that pricing is stabilising, we expect there will be further upward pressure on yields this year... 25th September 2020 · 7 mins read
UK Commercial Property Update Is UK property fair value? Our analysis suggests that UK commercial property is fairly valued when compared to the pricing of alternative assets. However, with that finding based on the assumption that current income streams... 18th September 2020 · 3 mins read
UK Commercial Property Update No respite for larger shopping centres Shopping centres are likely to suffer in the near term as people avoid enclosed spaces, shop more online and as retailers continue to go bust or consolidate space. Since mid-2018, rents have... 10th September 2020 · 2 mins read
UK Commercial Property Data Response IPF Consensus Forecasts (Aug.) The latest IPF Consensus Forecasts were revised down over the forecast horizon, with notable downgrades to next year’s outlook. Our views are broadly in line with the IPF in terms of sector rankings... 4th September 2020 · 3 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Aug.) While the recovery in both commercial and residential construction lost momentum in August, growth in housebuilding far outperformed commercial. This trend is likely to continue, reflecting the... 4th September 2020 · 2 mins read
UK Commercial Property Data Response Lending to commercial property (Jul.) In line with our expectations, net lending to property saw a marked decline in July as transactions remained low and banks tightened their belts. We expect banks’ willingness to grant further payment... 1st September 2020 · 2 mins read
