UK Commercial Property Data Response RICS Construction Market Survey (Q3) While the RICS Construction Survey still points to a small decline in output in Q3, there was a marked improvement in the share of surveyors reporting a fall in construction workload. Expectations... 5th November 2020 · 2 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Oct.) The fall in the headline construction PMI to its lowest level since May shows that the recovery in activity was waning even before the second lockdown began. Admittedly, construction sites will remain... 5th November 2020 · 3 mins read
UK Commercial Property Update Transactions likely to remain weak in 2021 Commercial property transactions are likely to end the year around 40% down on 2019 totals. And with the prospect of an extended lockdown this winter, a slower economic recovery and falling capital... 3rd November 2020 · 3 mins read
UK Commercial Property Data Response RICS Commercial Property Market Survey (Q3) Despite surveyors reporting a rise in industrial occupier demand in Q3, conditions for the retail and office sectors were still poor. In turn, expectations for all-property rental and capital values... 29th October 2020 · 2 mins read
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
