Filtered by Subscriptions: UK Commercial Property Use setting UK Commercial Property
Construction PMIs edge closer to expansionary territory The headline CIPS construction PMI rose to 50.2 in February, the first time it has risen above the no change level since August last year. The rise was driven by small improvements across the …
5th April 2024
Net lending declines for first time in a year Net lending to commercial property edged back for the first time in a year in February, with declines in both standing and development lending. But the falls were marginal and on a three month average basis …
2nd April 2024
Construction PMIs edge closer to expansionary territory The headline CIPS construction PMI rose to 49.7 in February, just under the no change level. The rise was driven by the housing component, with commercial activity edging back a touch. As interest …
6th March 2024
Net lending increases in January but new development still subdued Net lending to commercial property increased for the eleventh consecutive month in January. Over H1 2024, we expect investment and lending to new development to slowly recover, as capital …
29th February 2024
This page has been updated with additional analysis since first publication. Construction PMIs start 2024 in contractionary territory The rise in the headline CIPS construction PMI from 46.8 in December to 48.8 in January was driven by improvements in …
6th February 2024
Resilient lending in December, but anaemic investment volumes Net lending to commercial property increased for the tenth consecutive month in December, but investment sentiment remained downbeat. Looking ahead, we expect investment to slowly recover over …
30th January 2024
This page has been updated with additional analysis since first publication. Construction PMIs still subdued in December The rise in the headline CIPS construction PMI from 45.5 in November to 46.8 in December was driven by the increase in the housing …
5th January 2024
Strong November lending, but subdued investment volumes Net lending to commercial property increased for the ninth consecutive month in November, but that wasn’t reflected in investment volumes which dropped further. But throughout H1 2024 we expect …
4th January 2024
This page has been updated with additional analysis since first publication. Construction PMIs once again below 50 in November The headline CIPS construction PMI barely changed in November, settling at 45.5 from 45.6 in October, and was still below the 50 …
6th December 2023
Strong October lending, but anaemic investment volumes While net lending to commercial property increased for the eighth consecutive month in October, this hasn’t translated into higher investment volumes – which fell back again in October. But further …
29th November 2023
This page has been updated with additional analysis since first publication. Housing suffers but commercial surprisingly resilient The uptick in the headline CIPS construction PMI from 45.0 in September to 45.6 in October still left it below the 50 …
6th November 2023
Net lending to property totaled £132mn in September, the lowest amount since February. But looking through the monthly volatility, on a 3-month basis lending has totaled more than £1.5bn in every month since March. That compares to an average of £620m …
30th October 2023
This page has been updated with additional analysis since first publication. Construction PMI falls below 50 as commercial balance plunges The decline in the headline CIPS construction PMI from 50.8 in August to 45.0 in September took it below the 50 …
5th October 2023
While net lending to commercial property increased for the sixth consecutive month in August, we think this resilience will wane as high interest rates and slower economic activity take a toll on investment over the remainder of the year. Net lending to …
29th September 2023
This page has been updated with additional analysis since first publication. Construction PMIs weaken as new orders fall back The fall in the headline CIPS construction PMI from 51.7 in July to 50.8 in August left it just above the 50 “no-change” mark. …
6th September 2023
Net lending to commercial property was positive for the fifth consecutive month in July although, at £297m, the increase was the smallest since lending contracted in February. Both standing and development lending fell back, with the latter contracting by …
30th August 2023
The headline CIPS construction PMI resumed its upward trend in July, with the rise to 51.7 more than reversing the drop into contractionary territory in June. All sectors saw an increase in their respective balances, with commercial rising to 54.4, its …
4th August 2023
Net lending to commercial property was once again positive in June at £589m. As was the case in May, lending to standing property drove the total, as development net lending recorded a small drop of £11m. The continued growth in lending to property …
31st July 2023
Surveyors become more pessimistic about commercial outlook Following a slight improvement in Q1, surveyors reported that occupier demand fell back in Q2. All sectors saw a retrenchment, with offices seeing the largest decline to a net balance of -21%. …
27th July 2023
Construction slows as interest rates stay higher for longer and recession looms After two months of gains the headline CIPS construction PMI reversed course in May, dropping to a five-month low of 48.9, which indicated a contraction in activity. All …
6th July 2023
Banks’ exposure to commercial debt hits six-year high Net lending to commercial property remained in positive territory in May at £621m. And over the past three months, lending has totalled £2.3bn, the highest figure since June 2020. Loans for standing …
29th June 2023
The headline CIPS construction PMI increased for a second month in a row in May to 51.6, indicating a small rise in activity. But in line with last month there was a marked difference between the commercial and housing sectors, with the former rising to …
6th June 2023
Net lending to property staged a recovery in April, rising to a 10-month high of £1.18bn. Both standing and development lending increased, with the latter now positive for each of the past three months. The pick-up in lending is in line with the Q1 RICS …
1st June 2023
