February 2010 - Outlook for European Real Estate (update 2)
This Sector is undergoing a dramatic transformation in fortunes, for the better; and while it will take time to impact new build - transaction volumes and % returns continue to rise smartly. See Papers.
January 2010 - Unique Index shows UK Building Sector soars 55% in value
The value of the quoted UK construction and building industry - as defined by our very own Index - rose by a very impressive 55% in calendar 2009 to £32 billion (2008: minus 48%); this includes contractors, consultants, housebuilders, merchants and service providers. It also means that the entire industry is valued at about the same as TESCO plc. See Papers
January 2010 – UK Housebuilding Sector 2009: "Some chicken....."
In this regular publication, not only do we show that the Sector broadly doubled in value last year (to £7.1 billion) but it also re-capitalised to the tune of £1.6 billion. But don't expect a re-run this year. See Papers.
January 2010 – UK Construction Output to see some relief this year
Experian/CFR, where Building Value is an advisor, expects 2009 to have set a new, unappetising record with an 11.5% fall, in real terms, in UK construction output. In 2010, the forecast remains negative at -1.9% but this is a life-time away from last year. The current year, too, will be curate-like with housing, public building (including the Olympics) and infrastructure (including Crossrail) all doing well; while industrial, commercial and RMI are all negative. In 2011 and 2012, construction output will grow again (+1.1% and +2.4% respectively) but even then output, in real terms, will only be equivalent to that generated in 2002.
January 2010 - Outlook for European Real Estate (update 1)
....and the good news just keeps on rolling with the value of global transactions forecast (by DTZ) to more than double to £200 billion, with Europe (and the UK, in particular) leading the way.
November 2009 – European construction growth will have to wait until 2011
Euroconstruct, the premier forecasting unit for European construction activity, published its latest numbers for 19 countries in Zurich this month. These show that 2009 is expected to have shown a very sharp downturn (-8.4%), with Ireland, Spain, Finland and the UK being the worst offenders. In 2010, growth will still be negative (-2.2%) with the regional pattern similar (albeit the UK flattens out). Turning to 2011 (+1.6%) and 2012 (+2.5%), the 'Big 5' all nudge ahead (UK is best), while the Nordics and Eastern Europe do very well (Norway and Poland epecially).
November 2009 – European Real Estate (the beginning of recovery)
Towards the end of a very poor year for all involved in this great industry, the arrows all started to turn up, with the UK the sharpest of all (in October, according to IPD, UK property values showed their largest monthly gain in 15 years at +2.4%) . So dynamic it is, too, that we intend to keep close tabs on the news flow going forward.
October/November 2009 – Frank Turner and Biffy Clyro concerts
We have talked about these artists before; and both are destined to be - or are already - the next big thing(s). Frank is a modern folk singer with a twist (acerbic and lyrical), while Biffy are, quite simply, the most original band in the World right now. See them if you can in March and May (we will, again).
October 2009 - UK Housebuilding Sector Q3
In this regular publication, we chart Q3's robust 28% gain in value and a 59% bounce since March's nadir. See Papers.
July 2009 - UK Housebuilding Sector in Q2
Beginning to see daylight. See Papers.
May 2009 – Jackson Browne and The Jayhawks
Regular viewers will know that the Board of Building Value likes music almost as much as the industry it serves; and, thus, May was a banner month. Not only did a select invited group see JB at the Royal Albert Hall but a smaller team saw Gary Louris and Mark Olson (the creative half of The Jayhawks) at the Jazz Café in Camden. Over cup runneth our…...
April 2009 - UK Housebuilding Sector in Q1
Our regular quarterly update. See Papers.
March 2009 – UK Construction Conference
We were honoured to be asked to speak at a conference organised by Castlemead Insurance Brokers. See Papers.
February 2009 – Outlook for Global Real Estate & Construction (presentation)
The IMF had a serious sense of humour failure in Davos vis à vis the bleakness of prospects for the World economy. With this in mind, we examine in detail the prospects for global real estate and construction (see Papers).
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