UK Commercial Property Chart Pack Further hit to values yet to come Rents and capital values fell at a slower pace in July than was recorded in June. But, while values seem to be approaching a degree of stability, we expect a deterioration in the rental outlook will... 27th August 2020 · 7 mins read
UK Commercial Property Chart Pack Better signs, but more pain still expected Although there were further signs of stabilisation in June, we expect that the slow recovery in the economy will continue to put upward pressure on yields in the coming months. Meanwhile, rents fell... 27th July 2020 · 8 mins read
UK Commercial Property Chart Pack Rental falls intensify, but yield increases slow While rental values fell sharply in May, this was in part offset by yields increasing at a much slower pace than the previous month. In turn, this led to a less steep fall in capital values, but... 26th June 2020 · 7 mins read
UK Commercial Property Chart Pack Further yield rises to weigh on capital values Yields rose again in April and there is more of the same to come over the summer months. While rental values fell slightly, the rise in yields meant that capital values declined by 1.8% m/m in April... 29th May 2020 · 8 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 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 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 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 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 Chart Pack Capital values continue to fall Capital values have been falling since late 2018. This has led by declining retail capital values and slowing growth in office and industrial. We expect that all-property yields will continue to rise... 22nd November 2019 · 6 mins read
UK Commercial Property Chart Pack Rising yields more than offset improvement in rents This rise in all-property rental value growth in September was not enough to prevent capital values falling on an annual basis for the fifth consecutive month. The fact that the chance of a no deal... 25th October 2019 · 7 mins read
UK Commercial Property Chart Pack Stabilisation in rents to be short-lived In August, stronger rental value growth in the office and industrial sectors meant that annual all-property rental value growth held steady. (See Chart 1.) This is consistent with the recent... 26th September 2019 · 7 mins read
UK Commercial Property Chart Pack Rising yields weigh on capital values Although there have been signs that economic activity has improved in Q3, the slowdown in the commercial property market looks set to continue. In July, all-property rental values barely grew and... 27th August 2019 · 7 mins read
UK Commercial Property Chart Pack Industrial returns outperform other assets Our view that the commercial property downturn has further to run was backed up by a pickup in the pace of decline in all-property capital values in June. However, at the halfway point in the year... 24th July 2019 · 9 mins read
UK Commercial Property Chart Pack Downside risks increase The downside risks to economic growth and property returns this year appear to be rising. Political and economic developments in May have increased the chance of a deterioration in global conditions... 26th June 2019 · 9 mins read
UK Commercial Property Chart Pack Retail returns worsen UK commercial property sector returns continued to soften in April, with the delay to Brexit prolonging investor uncertainty and property yields increasing further, particularly in the retail sector. 24th May 2019 · 1 min read