UK Commercial Property
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IHS Markit/CIPS Construction PMI (Jun.)

Despite a further deterioration in the availability of building materials, construction output rose at the fastest pace since 1997 in June. That suggests output in the sector is now well above pre-virus levels.
Andrew Wishart Property Economist
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UK Commercial Property Update

Will COVID-19 shift real estate out of town?

With workers spending more time away from city centres, some expected that out-of-town offices could swing back into fashion. It is still early, but from the UK data, the evidence suggests that it is suburban retail, not offices, that is benefiting most from the home-working revolution.

15 October 2021

UK Commercial Property Update

What do the latest UK jobs data tell us?

UK employment has recovered strongly in recent quarters and is set to see further growth into 2022. This will be good news for UK offices, especially in regional cities. But with occupiers set to look beyond headcount when making their space decisions, we don’t think it will bring a turnaround in the sector.

7 October 2021

UK Commercial Property Data Response

IHS Markit/CIPS Construction PMI (Sep.)

The further drop in the construction PMI in September suggested that the recovery in construction has faltered amid a severe lack of materials and staff, spiralling costs, and softening demand.

6 October 2021

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UK Housing Market Chart Book

Demand shifts towards outer London

London house prices have underperformed the national average over the past year as the pandemic has led to a shift in demand away from inner cities. Arguably London was due a period of weaker price growth even before the pandemic hit, following the outperformance of the capital in the 2010s. That said, price falls have been focused in the most central boroughs, while the best performing outer boroughs have seen price rises akin to the national average.

2 July 2021

UK Housing Market Data Response

Mortgage Lending (May)

The tick up in mortgage approvals for house purchase in May left them 33% above pre-virus norms, and timely indicators suggest that mortgage lending will remain robust despite the looming end of the stamp duty holiday.

Does the end of the holiday mean end of the boom? (1200 BST today, Tuesday 29th June): Join Chief Property Economist Andrew Burrell and Andrew Wishart, the head of our UK Housing Service, for this 20 minute Drop-In session. Register here.

29 June 2021

UK Housing Market Data Response

Nationwide House Prices (Jun.)

House prices recorded a fifth consecutive monthly rise in June, the final month before the stamp duty threshold begins to return to its usual level. There are few signs of market dynamics changing dramatically as a result, so we expect a moderation in house price inflation rather than a collapse.

29 June 2021
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