Commercial Property Market Review – April 2022

Industrial space in high demand in Q1 Elevated occupier demand has driven strong UK industrials and logistics take-up in Q1 2022, according to the latest research. The take-up of 10.43 million sq. ft in the first quarter is double the total in the same period last year, CBRE noted. Q1 2022 saw take-up more than … Continue reading “Commercial Property Market Review – April 2022”

Ukraine and inflation share the spotlight in March

Question-marks over global growth Alongside the heavy human cost of Russia’s war in Ukraine, the Organisation for Economic Development (OECD) issued a warning about the economic impact. The crisis is set to drive up the rate of global inflation by around 2.5%, with high prices for oil, gas and wheat likely to persist. Many large … Continue reading “Ukraine and inflation share the spotlight in March”

Economic Review – March 2022

Bank Rate raised again Last month, the Bank of England (BoE) sanctioned a further increase in its benchmark interest rate as inflation continues to surge significantly ahead of the Bank’s target level.  Following a meeting held in mid-March, the BoE’s nine-member Monetary Policy Committee (MPC) voted by an 8-1 majority to raise Bank Rate from … Continue reading “Economic Review – March 2022”

Residential Property Review – March 2022

Sales up as demand stays strong 2022 has picked up where 2021 left off, with near-record demand leading to the busiest January and February since 2016, according to Zoopla. Sales agreed in February were 31% above the 2017-19 average for the month, according to TwentyCi, matching levels last seen at the start of 2021. Meanwhile, … Continue reading “Residential Property Review – March 2022”

Commercial Property Market Review – March 2022

Prime space snapped up by legal firms More than one million sq. ft of Grade A office space was taken up by the legal sector in 2021, highlighting the importance of the ‘best’ space in the post-pandemic landscape. London’s resilient legal sector has enjoyed strong revenue and increased headcount over the last year, which has … Continue reading “Commercial Property Market Review – March 2022”

Global stock markets fell as Russia moved on Ukraine

Investors experienced fresh market volatility towards the end of February as global financial markets reacted to Russia’s invasion of Ukraine and widespread government sanctions imposed on Russian financial institutions and oligarchs.  European Commission President Ursula von der Leyen warned: “These sanctions will suppress Russia’s economic growth; increase the borrowing costs; raise inflation; intensify capital outflows; … Continue reading “Global stock markets fell as Russia moved on Ukraine”

Economic Review – February 2022

Interest rates rise again In February, the Bank of England’s Monetary Policy Committee (MPC) announced an increase in its main interest rate for the second meeting in a row as the Bank continues to grapple with a rapid rise in the cost of living. At its latest meeting held in early February, the MPC sanctioned … Continue reading “Economic Review – February 2022”

Ukraine and the impact on markets

The events in Ukraine have understandably destabilised markets as investors digest the prospect of war in Europe. Geopolitical horrors such as this one have usually seen a relatively short-lived impact, with markets recovering quickly after the initial shock. However, is it naïve to assume the same thing with a conflict of this magnitude? The consensus … Continue reading “Ukraine and the impact on markets”

Residential Property Review – February 2022

Promising signs in the UK housing market Following a record-breaking 2021, continuing strong numbers of agreed sales and approved mortgages suggest transactions are likely to stay high over the next few months. Net mortgage debt by individuals decreased slightly to £3.6bn in December 2021, according to the Bank of England Net mortgage debt by individuals … Continue reading “Residential Property Review – February 2022”

Commercial Property Market Review – February 2022

Upbeat mood for regional office activity The regional office investment market remains upbeat, according to the latest quarterly update from Avison Young, after office demand across the ‘Big Nine’ returned to ‘normal’ activity in H2 2021. A strong second half brought the year’s total take-up across the Big Nine cities to 8.1 million sq. ft, … Continue reading “Commercial Property Market Review – February 2022”