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
UK Commercial Property Chart Pack Yields continue to rise A rise in all-property yields caused capital values to decline by 3% y/y in January. Although we expect yields to rise and rents to edge lower in the months ahead, the rate of decline in capital... 2nd March 2020 · 7 mins read
UK Commercial Property Data Response Lending to commercial property (Jan.) As expected, net property lending at the start of this year was relatively weak. The notable slowdown in lending to standing investment weighed on overall net lending to commercial property. We think... 2nd March 2020 · 2 mins read
UK Commercial Property Data Response IPF Consensus Forecasts February’s IPF Consensus Forecasts were revised higher, given the increased certainty surrounding Brexit. As such, the consensus expects stronger returns for this year, but this was offset by slightly... 28th February 2020 · 2 mins read
UK Commercial Property Outlook Returns to recover as retail emerges from slump A subdued economic outlook and continued contraction in retail are expected to weigh on all-property rents and returns this year. In the near-term, rising property yields will be the result of the... 20th February 2020 · 38 mins read
UK Housing Market Data Response IHS Markit/CIPS Construction PMI (Jan.) 4th February 2020 · 2 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Jan.) 4th February 2020 · 2 mins read
UK Commercial Property Data Response Lending to commercial property (Dec.) A large fall in development lending weighed on net lending in December. We expect net lending will remain weak this year as all-property capital values continue to decline and uncertainty surrounding... 31st January 2020 · 2 mins read
UK Commercial Property Data Response RICS Commercial Property Market Survey (Q4) The RICS survey showed that occupier demand and investment enquiries remained negative in 2019 Q4, though there was a slight improvement on Q3, outside of retail at least. The outlook for both rents... 30th January 2020 · 2 mins read
