UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Apr.) April’s Construction PMI collapsed to a record low of just 8.2. That was driven by the commercial and residential sectors, which both saw record falls in activity. But looking ahead, with signs that... 6th May 2020 · 2 mins read
UK Commercial Property Data Response Lending to commercial property (Mar.) The sharp rise in net lending figures in March was probably due to banks permitting payment holidays rather than a significant boost in new loans to investors. Given that these are likely to be... 1st May 2020 · 2 mins read
UK Commercial Property Data Response RICS Commercial Property Market Survey (Q1) The Q1 RICS survey confirms fears for the outlook for property. Yet, while a sharp decline in both occupier and investment market conditions was reported, there was a marked deterioration in responses... 30th April 2020 · 2 mins read
UK Commercial Property Chart Pack Capital value falls in March just the tip of the iceberg Early signs of the impact of COVID-19 on property were seen in the MSCI monthly data for March. While rental values did not see much of a deterioration, yields saw their biggest rise since after the... 29th April 2020 · 8 mins read
UK Commercial Property Data Response RICS Construction Market Survey (Q1) While the decline in workload reported was modest, there was a marked worsening in responses received towards the end of the survey period. Indeed, with profit margins set to fall and lending likely... 23rd April 2020 · 2 mins read
UK Commercial Property Update Investment activity to fall by a third this year Due to the spread of COVID-19, it is increasingly likely that investment activity will slump to a record low level in the second quarter. Even though we expect a pickup in the second half of the year... 22nd April 2020 · 3 mins read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q1) Mortgage availability is set to collapse in Q2. Part of that will reflect limitations caused by physical distancing measures due to the coronavirus. Yet broader concerns about the economy, house... 16th April 2020 · 3 mins read
UK Commercial Property Update Online boost will not prevent wider industrial woes Social distancing measures have accelerated the shift to online spending in recent weeks. But the upside of increased online spending is limited to a few occupiers, most notably supermarkets, and is... 9th April 2020 · 3 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Mar.) March’s Construction PMI fell to its lowest reading since 2009, with commercial construction seeing a particularly sharp fall. Housebuilding saw a more modest decline, but as revenues dry up over the... 6th April 2020 · 2 mins read
UK Commercial Property Update Retail pain will be reflected in sharp rental falls The rapid spread of coronavirus over the last month has dealt another body blow to UK retail. We expected the sector to see rental falls pre-COVID, but these could now be closer to 10% in 2020... 3rd April 2020 · 3 mins read
UK Commercial Property Data Response Lending to commercial property (Feb.) The improvement in net lending figures in February is unlikely to be sustained. Given that transactions are likely to grind to a halt as containment measures restrict most trading and that we expect... 30th March 2020 · 2 mins read
UK Commercial Property Chart Pack Coronavirus disruption likely to accelerate yield rises The rise in yields in February suggests that even before the disruption from coronavirus worsened, investors had become more cautious. In the coming months, we expect this to hit transactions hard. As... 27th March 2020 · 7 mins read
UK Commercial Property Update Rest of South East industrial rents to outperform In recent years, industrial rental growth for Rest of South East has exceeded growth in Rest of UK. We think that this has been driven by land constraints and changing occupier demand patterns, which... 16th March 2020 · 3 mins read
UK Commercial Property Update Business rates relief won’t ease retail sector woes The suspension of business rates for many retail, leisure and hospitality firms announced in the Budget is welcome, but unlikely to provide much relief to the retail sector. Indeed, the coronavirus... 13th March 2020 · 3 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Feb.) The IHS Markit/CIPS Construction PMI pointed to the strongest rise in construction since December 2018. This was driven by improvements in both commercial property and housing. But with the economic... 3rd March 2020 · 2 mins read
UK Housing Market Data Response IHS Markit/CIPS Construction PMI (Feb.) The IHS Markit/CIPS Construction PMI pointed to the strongest rise in construction since December 2018. This was driven by improvements in both commercial property and housing. But with the economic... 3rd March 2020 · 2 mins read
