RICS Global Commercial Property Survey Q2 2013

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "RICS Global Commercial Property Survey Q2 2013"

Transcription

1 Q recovery story gathers pace as falters Further improvement in sentiment in both occupier and investment segments of real estate market The mood in the ian property market takes its lead from the softer economic picture European sentiment generally remains downbeat while Asia continues to tell a more upbeat story The Q2 RICS Global Commercial Property Survey suggests that the recovery in the is continuing to gain traction. Significantly, this market tops the RICS Occupier Sentiment Index* (OSI) and is second in the RICS Investment Sentiment Index* (ISI). These indices are designed to chart how sentiment in various countries has changed compared with the previous three month period and are therefore not designed to capture levels. Nevertheless, they show that the tone in the real estate sector is continuing to gain ground, reversing the negative trend that characterised the market from the back end of 2009 through till the middle of last year. By way of contrast, the feedback we are receiving from is rather more downbeat. This is particularly so for the occupier market where the headline sentiment indicator dropped to 39 from 28; it has now been in negative territory for three successive quarters reflecting softer numbers on both tenant demand and rent expectations as well as higher figures for inducements. Significantly, the ISI for is continuing to display a greater degree of resilience; although there have been some well publicised capital outflows from the country, our data continues to suggest that property investors are willing to take a longer term view of the prospects for the economy. The headline indicators in Europe generally remain weak for both the occupier and investment markets reflecting the on-going recession in the region. continues to be an exception in terms of the growth outlook and sentiment within real estate. Indeed, if anything, investors appears to view Europe s largest economy as increasingly attractive with RICS headline indicator climbing from 18 to 22. Meanwhile, the modest improvement in the occupier market in the in Q2 is broadly consistent with the somewhat better tone to the economic newsflow. The results for Asia are generally upbeat with leading the way on the investment side (44) while also delivering a strong result for the occupier market (26). The positive feedback from the ese real estate sector chimes with the better numbers emanating from the economy in the wake of the dramatic shift in both monetary and fiscal policies. Interestingly, the fears surrounding the widening of the stamp duty net in to the commercial sector that were clearly visible in the Q1 survey appear to have eased. The ISI for actually edged back into positive territory (8) having declined in the previous three month period (-12). The headline numbers for remain generally firm despite a slight loss of momentum in the economy and growing concerns over the rapid increase in credit with the investment indicator more positive than the occupier measure. In, the real estate picture remains broadly flat reflecting a degree of caution in the sector as the central bank grapples with the challenge presented by a subdued economy and volatility in the currency. The results for the United States are encouraging with further evidence of rising investor appetite and stronger tenant demand driving both rents and capital value expectations in an upward direction despite some mixed economic data. Of all the countries that the we collated data for in Q2, the has the third highest RSI reading and the sixth highest OSI result. Meanwhile, the numbers for remain generally firm. Finally in, our occupier index remains in negative territory and to a greater extent than in Q1 while the investment index is slightly positive but less than was previously the case. * RICS Occupier Sentiment Index (OSI) is constructed by taking an unweighted average of readings for three series relating to the occupier market measured on a net balance basis; occupier demand, the level of inducements and rent expectations. RICS Investment Sentiment Index (ISI) is constructed by taking an unweighted average of readings for three series relating to the investment market measured on a net balance basis; investment enquiries, capital value expectations and the supply of distressed properties. To receive a free copy of this report on the day of release,

2 Occupier Sentiment Index in Q

3 Investment Sentiment Index in Q

4 Rental Expectations for next quarter (% net balance)

5 Capital Value Expectations for next quarter (% net balance)

6 Distressed property Expected Supply and Current Demand (% net Balance) Expected Supply Current Demand

7 Survey information RICS Global Commercial Property Survey RICS Global Commercial Property Survey is a quarterly guide to the trends in the commercial property investment and occupier markets. The Global Commercial Property Survey is available from the RICS web site along with other surveys covering the housing market, residential lettings, commercial property, construction activity, the farmland market and arts and antiques. Subscription rates for the quarterly RICS Global Commercial Property Survey data are: 550 per annum for Non RICS members 450 per annum for RICS members Methodology Survey questionnaires were sent out on 10th June with responses received until 8th July. Respondents were asked to compare conditions over the latest three months with the previous three months. A total of 858 company responses were received, with 180 from the. Responses for were collated by the Society of Chartered Surveyors. Responses have been amalgamated across the three real estate sub-sectors (offices, retail and industrial) at a country level, to form a net balance reading for the market as a whole. A positive net balance reading indicates an overall increase, a negative reading indicates an overall decline. The RICS Occupier Sentiment Index (OSI) is constructed by taking an unweighted average of readings for three series relating to the occupier market measured on a net balance basis; occupier demand, the level of inducements and rent expectations. The RICS Investment Sentiment Index (ISI) is constructed by taking an unweighted average of readings for three series relating to the investment market measured on a net balance basis; investment enquiries, capital value expectations and the supply of distressed properties. Contact details This publication has been produced by RICS Economics. For economic all enquiries, including participation in the survey, please contact: About RICS RICS represents 140,000 members worldwide. These professionals provide expert advice on land, property, construction and the associated environmental issues. An independent organisation, RICS acts in the public interest, upholding standards of competence and integrity among its members and providing impartial, authoritative advice on issues affecting business and society. Become a member of RICS If you would like to find out more about becoming a member of RICS, please visit Disclaimer This document is intended as a means for debate and discussion and should not be relied on as legal or professional advice. Whilst every reasonable effort has been made to ensure the accuracy of the contents, no warranty is made with regard to that content. Data, information or any other material may not be accurate and there may be other more recent material elsewhere. RICS will have no responsibility for any errors or omissions. RICS recommends you seek professional, legal or technical advice where necessary. RICS cannot accept any liability for any loss or damage suffered by any person as a result of the editorial content, or by any person acting or refraining to act as a result of the material included.

RICS Global Commercial Property Monitor Q3 2014

RICS Global Commercial Property Monitor Q3 2014 Simon Rubinsohn Chief Economist srubinsohn@rics.org +44 (0)207334 3774 RICS ECONOMICS RICS Global Commercial Property Monitor Q3 2014 * RICS Occupier Sentiment Index (OSI) is constructed by taking an unweighted

More information

RICS Global Commercial Property Monitor Q2 2014

RICS Global Commercial Property Monitor Q2 2014 Simon Rubinsohn Chief Economist srubinsohn@rics.org +44 (0)207334 3774 RICS ECONOMICS RICS Global Commercial Property Monitor Q2 2014 * RICS Occupier Sentiment Index (OSI) is constructed by taking an unweighted

More information

RICS Global Commercial Property Survey Q1 2012

RICS Global Commercial Property Survey Q1 2012 Q1 2012 Easing in global strains visible in real estate sector Generally mixed results, but, and see sentiment pick up alongside brighter macro news flow Net balance, % 100 Rental expectations one quarter

More information

RICS Global Commercial Property Monitor Q4 2014

RICS Global Commercial Property Monitor Q4 2014 Simon Rubinsohn Chief Economist srubinsohn@rics.org +44 (0)207334 3774 RICS ECONOMICS RICS Global Commercial Property Monitor Q4 2014 * RICS Occupier Sentiment Index (OSI) is constructed by taking an unweighted

More information

Easier credit drives positive real estate sentiment

Easier credit drives positive real estate sentiment Economics Q1 2015: Global Commercial Property Monitor Easier credit drives positive real estate sentiment Increasing number of respondents view real estate as expensive But easier credit still expected

More information

Investment builds across Europe while emerging markets remain downbeat

Investment builds across Europe while emerging markets remain downbeat Economics Q4 2015: Global Commercial Property Monitor Investment builds across Europe while emerging markets remain downbeat Investor confidence rises across several European markets with and now frontrunners

More information

AUTUMN 2014. Property Investor Confidence Index Nordic Region

AUTUMN 2014. Property Investor Confidence Index Nordic Region AUTUMN 2014 Property Investor Confidence Index Nordic Region Summary 2 DECEMBER 2014 CONTENTS Introduction 4 Demand for Space 5-7 Yield Outlook Financing Possibilities 10 Acquisition/Disposal Plans 11

More information

Spotlight Key Themes for UK Real Estate in 2015

Spotlight Key Themes for UK Real Estate in 2015 Savills World Research Commercial, Residential & Rural Spotlight Key Themes for UK Real Estate in 2015 savills.co.uk/research Spotlight Key Themes for UK Real Estate 2015 THE UK REAL ESTATE MARKET IN 2015

More information

Box 3.1: Business Costs of Singapore s Manufacturing and Services Sectors

Box 3.1: Business Costs of Singapore s Manufacturing and Services Sectors Economic Survey of Singapore 213 Box 3.1: Business Costs of Singapore s Manufacturing and Services Sectors Business costs in the manufacturing and services sectors have increased after a period of decline

More information

COMMERCIAL LEASE TRENDS FOR 2014

COMMERCIAL LEASE TRENDS FOR 2014 COMMERCIAL LEASE TRENDS FOR 2014 Notes from a Presentation given by N B Maunder Taylor BSc (Hons) MRICS, Partner of Maunder Taylor The following is a written copy of the presentation given by Nicholas

More information

RESEARCH DUBAI REAL ESTATE INVESTMENT REPORT INVESTMENT SENTIMENT YIELD PERFORMANCE INTERNATIONAL TARGET MARKETS

RESEARCH DUBAI REAL ESTATE INVESTMENT REPORT INVESTMENT SENTIMENT YIELD PERFORMANCE INTERNATIONAL TARGET MARKETS RESEARCH DUBAI REAL ESTATE INVESTMENT REPORT 21 INVESTMENT SENTIMENT YIELD PERFORMANCE INTERNATIONAL TARGET MARKETS UAE ECONOMIC PERFORMANCE AND DUBAI REAL ESTATE INVESTMENT OVERVIEW Survey data pointed

More information

Manpower Employment Outlook Survey Ireland

Manpower Employment Outlook Survey Ireland Manpower Employment Outlook Survey Ireland Q1 215 Country Name Employment Outlook The Manpower Employment Outlook Survey for the first quarter 215 was conducted by interviewing a representative sample

More information

Industry sentiment. Financial Services Survey. www.pwc.co.uk/financialservicessurvey

Industry sentiment. Financial Services Survey. www.pwc.co.uk/financialservicessurvey www.pwc.co.uk/financialservicessurvey CBI/PwC quarterly survey measuring trends and providing insight from the industry Issue number 90 March 2012 Industry sentiment Financial Services Survey The 90th

More information

University of St. Thomas Minnesota Commercial Real Estate Survey

University of St. Thomas Minnesota Commercial Real Estate Survey University of St. Thomas Minnesota Commercial Real Estate Survey May 2011 About the Survey Herb Tousley, CCIM Director of Real Estate Programs, University of St. Thomas Thomas Hamilton, PhD, CRE, FRICS

More information

Schroder Property Multi-let industrial estates: more than just your average manufacturer

Schroder Property Multi-let industrial estates: more than just your average manufacturer Schroder Property Multi-let industrial estates: more than just your average manufacturer July 201 For professional investors and advisers only Introduction Eleanor Jukes, Senior Property Research Analyst

More information

Recovery in UK property to gain momentum. Recovery in UK property market to gain momentum. Research & Strategy. June 2013. Economic growth recovering

Recovery in UK property to gain momentum. Recovery in UK property market to gain momentum. Research & Strategy. June 2013. Economic growth recovering Research & Strategy Recovery in UK property to gain momentum June 13 Recovery in UK property market to gain momentum This hasn t been a typical recession and it won t be a typical recovery. Nevertheless

More information

ARLA Members Survey of the Private Rented Sector

ARLA Members Survey of the Private Rented Sector Prepared for The Association of Residential Letting Agents ARLA Members Survey of the Private Rented Sector Fourth Quarter 2013 Prepared by: O M Carey Jones 5 Henshaw Lane Yeadon Leeds LS19 7RW December,

More information

Outlook for European Real Estate in 2013. Mark Charlton, Head of Research & Forecasting

Outlook for European Real Estate in 2013. Mark Charlton, Head of Research & Forecasting Outlook for European Real Estate in 2013 Mark Charlton, Head of Research & Forecasting Tuesday 20 th November 2012 Europe - uncertainty continues to buffet sentiment Oct 06 Oct 07 Oct 08 Oct 09 Oct 10

More information

Industry sentiment. Financial Services Survey. www.pwc.co.uk/financialservicessurvey

Industry sentiment. Financial Services Survey. www.pwc.co.uk/financialservicessurvey www.pwc.co.uk/financialservicessurvey CBI/PwC quarterly survey measuring trends and providing insight from the industry Industry sentiment Financial Services Survey Issue number 87 June 2011 The 87th CBI/PwC

More information

Credit Conditions Review 2016 Q2

Credit Conditions Review 2016 Q2 Credit Conditions Review 216 Q2 BANK OF ENGLAND Credit Conditions Review 216 Q2 This quarterly publication presents the Bank of England s assessment of the latest developments in bank funding and household

More information

House price report. September quarter 2014. Dr Andrew Wilson Senior Economist for the Domain Group

House price report. September quarter 2014. Dr Andrew Wilson Senior Economist for the Domain Group September quarter 2014 Dr Andrew Wilson Senior Economist for the Domain Group Key findings Most capital city housing markets recorded falls in house prices over the September quarter September quarter

More information

PERSONAL RETIREMENT SAVINGS ACCOUNT INVESTMENT REPORT

PERSONAL RETIREMENT SAVINGS ACCOUNT INVESTMENT REPORT PENSIONS INVESTMENTS LIFE INSURANCE PERSONAL RETIREMENT SAVINGS ACCOUNT INVESTMENT REPORT FOR PERSONAL RETIREMENT SAVINGS ACCOUNT () PRODUCTS WITH AN ANNUAL FUND MANAGEMENT CHARGE OF 1% - JULY 201 Thank

More information

Credit Sentiment Survey

Credit Sentiment Survey Credit Sentiment Survey Survey Results 2015 Q4 The Credit Sentiment Survey ( The Survey ) is a quarterly publication which collects information from Senior Credit Officers from all banks and financial

More information

Main Economic & Financial Indicators Russian Federation

Main Economic & Financial Indicators Russian Federation Main Economic & Financial Indicators Russian Federation 02 NOVEMBER 201 NAOKO ISHIHARA ECONOMIST ECONOMIC RESEARCH OFFICE (LONDON) T +44-(0)20-777-2179 E naoko.ishihara@uk.mufg.jp Overview The Bank of

More information

Housing Market Report Q2 2014

Housing Market Report Q2 2014 SCSI Housing Market Survey Q2 20/08/2014 17:09 Page 1 2 Commentary We would like to welcome you to the first publication of the (SCSI). The SCSI represents the first publication in a quarterly series which

More information

2014 Forecasting Benchmark Survey. Itron, Inc. 12348 High Bluff Drive, Suite 210 San Diego, CA 92130-2650 858-724-2620

2014 Forecasting Benchmark Survey. Itron, Inc. 12348 High Bluff Drive, Suite 210 San Diego, CA 92130-2650 858-724-2620 Itron, Inc. 12348 High Bluff Drive, Suite 210 San Diego, CA 92130-2650 858-724-2620 September 16, 2014 For the third year, Itron surveyed energy forecasters across North America with the goal of obtaining

More information

Review of the Economy and the Nigerian Capital Market

Review of the Economy and the Nigerian Capital Market Review of the Economy and the Nigerian Capital Market Bookshop House, 9 th Floor, 50/52 Broad Street, Lagos. Telephone- 01-7389918 Fax- 01-2710103 E-mail: info@capitalassets.com.ng Website: www.capitalassets.com.ng

More information

Agents summary of business conditions

Agents summary of business conditions Agents summary of business conditions February Consumer demand had continued to grow at a moderate pace. Housing market activity had remained subdued relative to levels in H. Investment intentions for

More information

X. INTERNATIONAL ECONOMIC DEVELOPMENT 1/

X. INTERNATIONAL ECONOMIC DEVELOPMENT 1/ 1/ X. INTERNATIONAL ECONOMIC DEVELOPMENT 1/ 10.1 Overview of World Economy Latest indicators are increasingly suggesting that the significant contraction in economic activity has come to an end, notably

More information

Manpower Employment Outlook Survey Norway

Manpower Employment Outlook Survey Norway Manpower Employment Outlook Survey Norway Q2 2015 The Manpower Employment Outlook Survey for the second quarter 2015 was conducted by interviewing a representative sample of 751 employers in Norway. All

More information

London Market Snapshot October 2015 10/15

London Market Snapshot October 2015 10/15 London Market Snapshot October 2015 10/15 Global Macro Overview Global equities experienced their sharpest falls since 2011, with most major markets moving into correction territory (a fall of more than

More information

Equity Sell-off Continues, Bonds Affected

Equity Sell-off Continues, Bonds Affected Equity Sell-off Continues, Bonds Affected Executive Summary Portfolio Performance So Far The 1-month performance of all model portfolios have been affected by the recent sell-off in equities, with returns

More information

Standard Chartered Hong Kong SME Leading Business Index

Standard Chartered Hong Kong SME Leading Business Index Standard Chartered Hong Kong SME Leading Business Index Quarter 2, 2015 About the index Sponsored by Standard Chartered Bank (Hong Kong) Limited, the Standard Chartered Hong Kong SME Leading Business Index

More information

MBA Forecast Commentary Joel Kan, jkan@mba.org

MBA Forecast Commentary Joel Kan, jkan@mba.org MBA Forecast Commentary Joel Kan, jkan@mba.org Weak First Quarter, But Growth Expected to Recover MBA Economic and Mortgage Finance Commentary: May 2015 Broad economic growth in the US got off to a slow

More information

EMBARGOED UNTIL TUESDAY, 12 MARCH 2013 AT 00.01 GMT

EMBARGOED UNTIL TUESDAY, 12 MARCH 2013 AT 00.01 GMT EMBARGOED UNTIL TUESDAY, 12 MARCH 2013 AT 00.01 GMT Media Contact: Juan David Tous (4) 3815151 juan.tous@manpower.com.co LABOR MARKET IN COLOMBIA EXPECTED TO MOVE AT A SLIGHTLY SLOWER PACE ManpowerGroup

More information

NFIB: Small Business Survey: Slight Improvement

NFIB: Small Business Survey: Slight Improvement NFIB: Small Business Survey: Slight Improvement May 10, 2016 by Jill Mislinski of Advisor Perspectives The latest issue of the NFIB Small Business Economic Trends is out today. The headline number for

More information

Q3 2014. Cairo Real Estate Market Overview

Q3 2014. Cairo Real Estate Market Overview Cairo Real Estate Market Overview Cairo Market Summary The third quarter of 2014 saw further political stability as the regime proceeded with implementing its roadmap. Following the reduction of energy

More information

OUE Commercial REIT s 3Q 2015 Distribution Increased 7.1% Y-o-Y and Exceeded Forecast by 10.0%

OUE Commercial REIT s 3Q 2015 Distribution Increased 7.1% Y-o-Y and Exceeded Forecast by 10.0% PRESS RELEASE For Immediate Release OUE Commercial REIT s 3Q 2015 Distribution Increased 7.1% Y-o-Y and Exceeded Forecast by 10.0% 3Q 2015 Highlights: Net property income of S$15.6 million is 4.7% higher

More information

European office rental struggle amidst subdued demand

European office rental struggle amidst subdued demand The Jones Lang LaSalle Office Property Clock - Q2 2012 European office rental struggle amidst subdued demand The European rental index records a second successive modest fall (-0.2%) The European vacancy

More information

A clear, impartial guide to. Renting a property. Tenant Moving in Checklist. rics.org/usefulguides

A clear, impartial guide to. Renting a property. Tenant Moving in Checklist. rics.org/usefulguides A clear, impartial guide to Renting a property Tenant Moving in Checklist Contents 03 How an RICS member can help you rent a property 04 The process 05 Finding a property to rent 07 Role of the letting

More information

July 2014. UK Commercial & Residential Property Markets Review: July 2014 1

July 2014. UK Commercial & Residential Property Markets Review: July 2014 1 July 2014 UK Commercial & Residential Property Markets Review: July 2014 1 UK Commercial & Residential Property Markets Review: July 2014 2 UK COMMERCIAL & RESIDENTIAL PROPERTY MARKETS REVIEW: JULY 2014

More information

Cement Supply Survey

Cement Supply Survey June 8, 2004 Cement Shortage Assessment Update Material specifiers frequently have to choose between concrete and alternative building materials. As the use of concrete has grown, cement shortages have

More information

Real estate market outlook Asia Pacific

Real estate market outlook Asia Pacific July 1 Real estate market outlook Asia Pacific Part of the M&G Group Executive summary Economic recovery continues to strengthen across the region, with export-led economies set to benefit the most Office

More information

DTZ Foresight UK Fair Value Q2 2011 Widening yield gap raises scores

DTZ Foresight UK Fair Value Q2 2011 Widening yield gap raises scores DTZ Foresight UK Fair Value Q2 Widening yield gap raises scores 23 August Contents Overview 1 Fair Value Index 2 UK market classifications 4 UK versus global forecasts 5 Office market forecasts 6 Retail

More information

Markit Global Business Outlook Survey

Markit Global Business Outlook Survey News Release EMBARGOED UNTIL: :1 (UK), 1 March 14 Markit Global Business Outlook Survey Developed world set to lead strengthening global upturn in 14 Global business optimism hits two-year high Improved

More information

Gauging Current Conditions: The Economic Outlook and Its Impact on Workers Compensation

Gauging Current Conditions: The Economic Outlook and Its Impact on Workers Compensation August 2014 Gauging Current Conditions: The Economic Outlook and Its Impact on Workers Compensation The exhibits below are updated to reflect the current economic outlook for factors that typically impact

More information

Quarterly Credit Conditions Survey Report

Quarterly Credit Conditions Survey Report Quarterly Credit Conditions Survey Report Contents List of Charts 2 List of Tables 3 Background 4 Overview 5 Credit Market Conditions 8 Personal Lending 10 Micro Business Lending 13 Small Business Lending

More information

Bond Market Insights October 10, 2014

Bond Market Insights October 10, 2014 Bond Market Insights October 10, 2014 by John Simms, CFA and Jerry Wiesner, CFA General Bond Market Treasury yields rose in September as prices fell. Yields in the belly of the curve (5- to 7-year maturities)

More information

RETAIL : OFFICE : INDUSTRIAL. UK Commercial Property Market Overview June 2009

RETAIL : OFFICE : INDUSTRIAL. UK Commercial Property Market Overview June 2009 RETAIL : OFFICE : INDUSTRIAL UK Commercial Property Market Overview June 2009 MARCH 2009 UK Commercial Property Market Overview June 2009 2 KEY HIGHLIGHTS Total returns fell by 7.1% over Q1 2009 according

More information

PREMIUM TRAFFIC MONITOR APRIL 2014 KEY POINTS

PREMIUM TRAFFIC MONITOR APRIL 2014 KEY POINTS PREMIUM TRAFFIC MONITOR APRIL 2014 KEY POINTS Growth in the number of passengers traveling in premium seats on international markets increased by a solid 3.8% in April compared to a year ago, which is

More information

Sharp reversal in house price expectations as sentiment among public sector workers slumps

Sharp reversal in house price expectations as sentiment among public sector workers slumps Knight Frank/Markit House Price Sentiment Index (HPSI) Sharp reversal in house price expectations as sentiment among public sector workers slumps Key headlines for October UK house prices are perceived

More information

Outlook for Australian Property Markets 2010-2012. Perth

Outlook for Australian Property Markets 2010-2012. Perth Outlook for Australian Property Markets 2010-2012 Perth Outlook for Australian Property Markets 2010-2012 Perth residential Population growth expected to remain at above average levels through to 2012

More information

Domain House Price Report June Quarter 2015

Domain House Price Report June Quarter 2015 Domain House Price Report June Quarter 2015 Dr Andrew Wilson Senior Economist for the Domain Group Key findings Sydney market reports remarkable growth over June quarter to reach median house price of

More information

2015 Business Outlook Survey

2015 Business Outlook Survey NJBIA s 56th Annual Business Outlook Survey 2015 Business Outlook Survey Expectations in New Jersey remain cautiously optimistic. Sales, profits and hiring are expected to be stable and the outlook remains

More information

Heritage With Profits Fund Investment Report: UK Pension Business

Heritage With Profits Fund Investment Report: UK Pension Business Heritage With Profits Fund Investment Report: UK Pension Business Q1 2016 This leaflet gives information on the following factors that affect with profits plan values types of assets how these affect investment

More information

Investment Strategy and Asset Allocation News

Investment Strategy and Asset Allocation News 1 SEPTEMBER 2016 Investment Strategy and Asset Allocation News Central banks continued to support investor sentiment Share markets moved higher as bond yields remained low The US Federal Reserve (Fed)

More information

percentage points to the overall CPI outcome. Goods price inflation increased to 4,6

percentage points to the overall CPI outcome. Goods price inflation increased to 4,6 South African Reserve Bank Press Statement Embargo on Delivery 28 January 2016 Statement of the Monetary Policy Committee Issued by Lesetja Kganyago, Governor of the South African Reserve Bank Since the

More information

Corporate performance: What do investors want to know? Reporting adjusted performance measures

Corporate performance: What do investors want to know? Reporting adjusted performance measures www.pwc.com Corporate performance: What do investors want to know? Reporting adjusted performance measures July 2014 PwC I Reporting adjusted performance measures t 1 u Contents Introduction 3 Executive

More information

Outlook for Australian Property Markets Sydney

Outlook for Australian Property Markets Sydney Outlook for Australian Property Markets 2010-2012 Sydney Outlook for Australian Property Markets 2010-2012 Sydney Residential Stimulus and the confidence drives recovery Finance commitments to buy or construct

More information

MENA Office Markets. and their impact on CRE function. Craig Plumb Head of Research, MENA April 2013

MENA Office Markets. and their impact on CRE function. Craig Plumb Head of Research, MENA April 2013 MENA Office Markets and their impact on CRE function Craig Plumb Head of Research, MENA April 2013 Agenda 01 02 03 04 05 06 Regional Office Markets Dubai Market Update Summary of other MENA Markets Importance

More information

REAL ESTATE INVESTOR INTENTIONS SURVEY

REAL ESTATE INVESTOR INTENTIONS SURVEY EMEA www.cbre.eu/research REAL ESTATE INVESTOR INTENTIONS SURVEY 213 By Dr Peter Damesick Chairman, EMEA Research INTRODUCTION Over 36 investors took part in the CBRE 213 online survey of European Investor

More information

European office sector recovery continuing Divergence in speed and strength remains

European office sector recovery continuing Divergence in speed and strength remains The Jones Lang LaSalle Office Property Clock Q3 2013 European office sector recovery continuing Divergence in speed and strength remains European Office Rental Index decreases q-o-q Aggregate European

More information

Property Risks Bigger in the East

Property Risks Bigger in the East Analyst Hillary Ho Li Ling +6565311517 hillaryho@phillip.com.sg Property Risks Bigger in the East Executive Summary China: Barring the Europe debt crisis, downside risks to growth pertains largely to the

More information

4. FINANCIAL POSITION AND RISK EXPOSURE OF HOUSEHOLDS AND BUSINESSES

4. FINANCIAL POSITION AND RISK EXPOSURE OF HOUSEHOLDS AND BUSINESSES 4. FINANCIAL POSITION AND RISK EXPOSURE OF HOUSEHOLDS AND BUSINESSES In 215 H1, households remained oriented towards savings, as shown by the expansion in deposits level. Lending to households expanded

More information

EUROPEAN REAL ESTATE INVESTOR INTENTIONS

EUROPEAN REAL ESTATE INVESTOR INTENTIONS EMEA CBRE www.cbre.com/research MARCH 2014 EUROPEAN REAL ESTATE INVESTOR INTENTIONS 2014 by Dr Peter Damesick, Chairman, EMEA Research EXECUTIVE SUMMARY There were 387 respondents to the 2014 CBRE online

More information

Statement to Parliamentary Committee

Statement to Parliamentary Committee Statement to Parliamentary Committee Opening Remarks by Mr Glenn Stevens, Governor, in testimony to the House of Representatives Standing Committee on Economics, Sydney, 14 August 2009. The Bank s Statement

More information

Warsaw Office MarketView

Warsaw Office MarketView Warsaw Office MarketView H1 213 CBRE Global Research and Consulting OFFICE STOCK 4. M SQ M OFFICE VACANCY 1.5% OFFICE TAKE-UP 334, SQ M COMPLETION 152, SQ M UNDER CONSTRUCTION 7.8% Y-O-Y GENERAL OVERVIEW

More information

Manpower Employment Outlook Survey Singapore Q3 2014. A Manpower Research Report

Manpower Employment Outlook Survey Singapore Q3 2014. A Manpower Research Report Manpower Employment Outlook Survey Singapore Q3 14 A Manpower Research Report Contents Q3/14 Singapore Employment Outlook 2 Sector Comparisons Global Employment Outlook 6 International Comparisons - Asia

More information

CESEE DELEVERAGING AND CREDIT MONITOR 1

CESEE DELEVERAGING AND CREDIT MONITOR 1 DELEVERAGING AND CREDIT MONITOR 1 February 1, 1 BIS reporting banks continued to scale back their funding to Central, Eastern and South Eastern Europe () in Q3 13, at broadly the same pace as in Q 13,

More information

The National Business Survey National Report November 2009 Results

The National Business Survey National Report November 2009 Results The National Business Survey National Report November 2009 Results 1 Executive Summary (1) 2 NBS results from November 2009 demonstrate the continued challenging conditions faced by businesses in England

More information

WOLSELEY PLC. m Q3 2014 Q3 2013 Change Change (at constant exchange rates) 3,115 3,229. Closed, disposed of or held for sale (2) (4)

WOLSELEY PLC. m Q3 2014 Q3 2013 Change Change (at constant exchange rates) 3,115 3,229. Closed, disposed of or held for sale (2) (4) WOLSELEY PLC 3 June 2014 Interim Management Statement for the third quarter to 30 April 2014 m Q3 2014 Q3 2013 Change Change (at constant exchange rates) change (3) Ongoing businesses (1) 3,048 3,074 (0.8%)

More information

Business Investment. UK GDP Growth and Main contributors

Business Investment. UK GDP Growth and Main contributors GDP growth (%) Business Investment UK GDP Growth and Main contributors 4.0 3.0 2.0 1.0 0.0 2011 2012 2013 2014 2015 2016 2017 Outturn Forecast -1.0-2.0 Private consumption Business investment Dwellings

More information

Real Estate Trends. in the Sacramento Region. Key Points

Real Estate Trends. in the Sacramento Region. Key Points Real Estate Trends The opening of Golden 1 Center in the fall of 2016 will certainly be one of the most significant events in recent Sacramento history. Golden 1 Center Downtown Sacramento photo credit:

More information

TS Model Growth Portfolios

TS Model Growth Portfolios M A R K E T S C O M M O D I T I E S - C U R R E N C I E S TS Model Growth Portfolios : Q1 outlook Overview: Q1 is unfolding with minor volatility. January was a negative month on both the TSX and the benchmark

More information

Commercial Property Investment Guide. Your guide to purchasing and managing a commercial investment property

Commercial Property Investment Guide. Your guide to purchasing and managing a commercial investment property Commercial Property Investment Guide Your guide to purchasing and managing a commercial investment property Contents Introduction 1 The benefits of commercial property investment 2 Why invest in property?

More information

EIOPA Risk Dashboard. March 2013 EIOPAFS13022

EIOPA Risk Dashboard. March 2013 EIOPAFS13022 EIOPA Risk Dashboard March 2013 EIOPAFS13022 Systemic risks and vulnerabilities On the basis of observed market conditions, data gathered from undertakings, and expert judgment, EIOPA assesses the main

More information

DTZ Insight Public administration employment Major office markets weather the storm

DTZ Insight Public administration employment Major office markets weather the storm DTZ Insight Public administration employment Major office markets weather the storm 27 October 2010 Contents Introduction 2 Trends in office based employment 3 Impact on office markets 8 Appendix 1: Methodology

More information

House price report. March quarter Dr Andrew Wilson Senior Economist - Domain Group

House price report. March quarter Dr Andrew Wilson Senior Economist - Domain Group March quarter 2015 Dr Andrew Wilson Senior Economist - Domain Group Key findings Mixed results as local factors drive prices growth despite interest rate cut March quarter results market continues to record

More information

As long as interest rate hikes remain gradual and the economic recovery continues apace, we expect the real estate market to remain wellsupported

As long as interest rate hikes remain gradual and the economic recovery continues apace, we expect the real estate market to remain wellsupported September 1 Why rate hikes shouldn t yield trouble for UK real estate UK interest rates are expected to rise gradually over the next three years, in tandem with the economic recovery. Prime property shows

More information

Commodities not finding much traction despite USD weakness

Commodities not finding much traction despite USD weakness Commodities not finding much traction despite USD weakness Commodities continued to show weakness into the second week of 2013 despite rising stock markets and a falling US dollar. Investors are generally

More information

Global Investments Limited. FY2014 Financial Results

Global Investments Limited. FY2014 Financial Results Global Investments Limited FY2014 Financial Results DISCLAIMER Information contained in this presentation is intended solely for your personal reference and is strictly confidential. Such information is

More information

ASR Nederland NV Assigned 'BBB+' Rating; Ratings On Core Insurance Operations Affirmed; Outlook Stable

ASR Nederland NV Assigned 'BBB+' Rating; Ratings On Core Insurance Operations Affirmed; Outlook Stable Research Update: ASR Nederland NV Assigned 'BBB+' Rating; Ratings On Core Insurance Operations Affirmed; Primary Credit Analyst: Oliver Herbert, London (44) 20-7176-7054; oliver.herbert@standardandpoors.com

More information

Domain Rental Report June Quarter 2016

Domain Rental Report June Quarter 2016 Domain Rental Report June Quarter 2016 Dr Andrew Wilson Chief Economist for domain.com.au Key findings Sydney unit rents continue to climb, with units closing in on house rental prices Relief for tenants

More information

Renovating and Reselling

Renovating and Reselling Renovating and Reselling North Metro Atlanta Contact: John Marion Mobile: 703 371 9548 Email: johnmarion.com@gmail.com Project Description Alpha Dog Investments is buying, renovating, and reselling single

More information

Commercial Property Newsletter

Commercial Property Newsletter Commercial Property Newsletter July 2010 Inside: Irish Commercial Property Commentary - Irish Life Property Fund Information UK Commercial Property Commentary - Irish Life UK Property Fund Information

More information

Rebound after a slow start

Rebound after a slow start DTZ Research PROPERTY TIMES Rebound after a slow start Europe Office Q2 2015 28 August 2015 Contents Take-up 2 New office supply 3 Vacancy ratio 4 Prime office rents 5 Outlook 6 Definitions 7 3 million

More information

Chapter 2.3. Technical Analysis: Technical Indicators

Chapter 2.3. Technical Analysis: Technical Indicators Chapter 2.3 Technical Analysis: Technical Indicators 0 TECHNICAL ANALYSIS: TECHNICAL INDICATORS Charts always have a story to tell. However, from time to time those charts may be speaking a language you

More information

Careers Advisory Service

Careers Advisory Service Careers Advisory Service Annual Report 2012/13 First Destination Statistics Careers Advisory Service 2 nd Floor, 7-9 South Leinster Street The University of Dublin, Trinity College Dublin 2 Tel: 01-8961721/1705

More information

Agents summary of business conditions

Agents summary of business conditions Agents summary of business conditions Q Activity had generally grown solidly on a year earlier, with contacts attributing increased demand to rises in real incomes and credit availability. Growth among

More information

THE ARLA REVIEW & INDEX

THE ARLA REVIEW & INDEX THE ARLA REVIEW & INDEX for Residential Investment FOURTH Quarter 2014 Fourth Quarter 2014 Compared with three months ago, the average weighted rental return for houses is up from 5.0% to 5.1%, its second

More information

www.coastalsecuri es.com 1 800 489 3232

www.coastalsecuri es.com 1 800 489 3232 WEEKLY ECONOMIC COMMENTARY WEEK OF OCTOBER 30, 2015 The Federal Reserve s policy meeting caused a bit of a stir in the financial markets this week. To be sure, no one expected the Fed to take any overt

More information

interim report 2004June 30, 2004

interim report 2004June 30, 2004 interim report 2004June 30, 2004 Macroeconomic trends In the first quarter of 2004, the euro-area economy grew 0.6% sequentially. This represented a faster pace of growth than in the previous quarters.

More information

RESIDENTIAL LANDLORDS TAX INFORMATION

RESIDENTIAL LANDLORDS TAX INFORMATION RESIDENTIAL LANDLORDS TAX INFORMATION The following notes are intended to provide a useful background for investors buying and letting individual residential properties. Independent advice, tailored to

More information

Lease and option to purchase the premises at 24 McLeod Street, Edinburgh

Lease and option to purchase the premises at 24 McLeod Street, Edinburgh Finance and Budget Committee 10.00 a.m., Thursday, 6 June 2013 Lease and option to purchase the premises at 24 McLeod Street, Edinburgh Item number Report number Wards 7 Sighthill/Gorgie Links Coalition

More information

Empire State Manufacturing Survey

Empire State Manufacturing Survey May 15 Empire State Manufacturing Survey The May 15 Empire State Manufacturing Survey indicates that business conditions improved slightly for New York manufacturers. The headline general business conditions

More information

Apartment Housing in Hampton Roads

Apartment Housing in Hampton Roads Apartment Housing in Hampton Roads APARTMENT HOUSING IN HAMPTON ROADS Do you live in an apartment? If not, chances are that you know people who do. Approximately 35 percent of Hampton Roads residents do

More information

RESIDENTIAL LANDLORDS TAX INFORMATION

RESIDENTIAL LANDLORDS TAX INFORMATION RESIDENTIAL LANDLORDS TAX INFORMATION The following notes are intended to provide a useful background for investors buying and letting individual residential properties. Independent advice, tailored to

More information

Property Topics & Guides. Rent Reviews Guide. www.officespace.co.uk

Property Topics & Guides. Rent Reviews Guide. www.officespace.co.uk 1 Property Topics & Guides - Copyright Introduction Rent Review clauses are a feature of most modern commercial leases which are granted for a term in excess of 3-5 years. The majority of rent review clauses

More information

Labour Market Brief September Quarter 2015

Labour Market Brief September Quarter 2015 Labour Market Brief September Quarter 2015 Key Message Overall the labour market continues to remain relatively tight, with both full time and part time employment continuing to increase since the beginning

More information

RESIDENTIAL LANDLORDS TAX INFORMATION

RESIDENTIAL LANDLORDS TAX INFORMATION RESIDENTIAL LANDLORDS TAX INFORMATION The following notes are intended to provide a useful background for investors buying and letting individual residential properties. Independent advice, tailored to

More information