UK Commercial Property Chart Pack All-Property returns hit decade-low Annual returns were just 2.1% in December, the lowest monthly figure since 2010. A marginal rise in yields in the retail sector caused all-property capital values to fall in December and was... 29th January 2020 · 7 mins read
UK Commercial Property Data Response RICS Construction Market Survey (Q4) Despite an improvement in sentiment in 2019 Q4, with commercial property values predicted to fall this year and lending conditions tight, a strong rebound in construction activity is unlikely. 23rd January 2020 · 2 mins read
UK Commercial Property Update Limited upside to development this year Against a weak outlook for both commercial property returns and the UK economy, any upside for development remains limited in 2020. 17th January 2020 · 3 mins read
UK Housing Market Data Response Bank of England Credit Conditions Survey (Q4) Mortgage availability rose in Q4, as competition between lenders picked up. But with banks competing on price, rather than lowering their credit standards, we think the housing market fundamentals... 16th January 2020 · 3 mins read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q4) Mortgage availability rose in Q4, as competition between lenders picked up. But with banks competing on price, rather than lowering their credit standards, we think the housing market fundamentals... 16th January 2020 · 3 mins read
UK Commercial Property Update UK property returns better, but still likely to disappoint Following relatively weak all-property returns last year, we expect that 2020 will see an improvement as the retail downturn bottoms out later in the year. Despite this, even a positive return of... 9th January 2020 · 3 mins read
UK Commercial Property Data Response Lending to commercial property (Nov.) As expected, net lending to property was relatively weak in November in the run up to UK election. Despite a decisive result in the poll, we don’t think there will be much of an improvement in the... 3rd January 2020 · 2 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Dec.) The headline construction PMI numbers ended 2019 with a whimper, as November’s improvement was reversed. The survey pointed to falling output for most of last year and, despite a post-election easing... 3rd January 2020 · 2 mins read
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
