A considered view of real estate, investments and beyond


Latest Article

Is capitalism in need of a radical transformation?

Building a new railway in Britain is a herculean task. When Crossrail eventually starts operating at the end of this year, it will have been 75 years since the first proposals were made, and it will have cost the taxpayer tens of billions of pounds. If Crossrail 2 ever happens, it will have been at least 50 years in the making, and will likely be a similar burden on public finances. It wasn’t always like this. Along with most of the country’s railway lines, London’s commuter rail network was... Read More >

Recent Articles:

Want to help young people, Theresa? Abolish Stamp Duty Stamp Duty hurts young buyers, renters and older people who want to downsize
So, you want to heal the generational divide? Thinktankers and policymakers have been out in force over the past few weeks throwing ideas around about how to shift some of the burden from the shoulders of my generation – the student loan Read More >
Ageing populations are a threat to entrepreneurship People in their late-20s through to their early-40s are best placed to start a successful business
Entrepreneurship is widely acknowledged as the basis for innovation, technological advancement and economic progress — and therefore a driving force for improved living standards. Yet there’s little discussion, let alone action, in the United Read More >
CBRE’s Head of Retail Research discusses shopping centre and e-commerce trends The significance of omnichannel convergence, massive mobile data and vacant big boxes within retail
No single event attracts more retail real estate aficionados than the International Council of Shopping Centre’s RECon convention, which drew roughly 37,000 people to Las Vegas May 20-23 to discuss deals and the latest retail trends. It Read More >
Israel is a lesson in what makes nations thrive The economic and political achievements of the Jewish State are undeniable
This week I joined in the celebration of the 70th anniversary of the founding of Israel at an event at magnificent Andrew W. Mellon Auditorium in Washington, D.C. In attendance were many of America’s movers and shakers, including US Vice Read More >
Beware nonsense claims about the customs union and Ireland Those claiming a customs union will solve the Irish border issue are either ignorant or disingenuous
If there is one issue that defines the muddle that the UK and its political classes have got into over Brexit, it is the customs union. An unnecessary saga is ongoing partly because it is misunderstood, often because those seeking economic Read More >
What having a baby has taught me about GDP Traditional GDP measurement cannot capture the value of the sharing economy
Like many dads-to-be, I’ve been thinking about GDP a lot recently. The arrival of a new human means acquiring all sorts of stuff. I quietly grimaced on finding out we should expect to spend about £1,000 on new baby clobber, a figure presumably Read More >
Fifty years on, The Population Bomb is as wrong as ever Despite all the evidence, scaremongering about overpopulation still persists
This year marks 50 years since Stanford University biology professor Paul R. Ehrlich published The Population Bomb. This highly influential book went through a number of editions, sold millions of copies and was translated into many languages. Read More >
Millennials need systemic reform, not patronising handouts Giving £10,000 to 25-year-olds would undermine the founding principle of the welfare state
The Intergenerational Commission has published its final report and, according to the findings, young people have a pretty raw deal. Young workers are forced to “shoulder huge risks” bearing the brunt of “insecure work”: their chances of Read More >
Income equality is no measure of human progress Most people accept inequality, as long as the underlying system is seen as meritocratic
Following the Great Recession of 2008, income inequality became a focal concern of those who feel that market economy has let them down. In 2011, “We are the 99 per cent” became a unifying slogan of the Occupy Wall Street movement. In 2013, Read More >
The Internet of Things: The Disruptor Shaping our Built Environment The IoT is allowing us to silently teach our cities about ourselves.
A quantum leap in the development of technology has been seen over recent years. The convergence of rapid technological advancements and urban planning is driving an evolution of human behaviour, and encouraging us to reconsider the way that we Read More >
You can’t argue against socialism’s 100 per cent record of failure No one may set out to curb democracy and human rights, but every socialist country has done so
Socialism is extremely in vogue. Opinion pieces which tell us to stop obsessing over socialism’s past failures, and start to get excited about its future potential, have almost become a genre in its own right. For example, Bhaskhar Sunkara, Read More >
It’s not too late to save Generation Rent The most important question on housing is how to radically boost supply in a way that is politically acceptable
The Resolution Foundation’s depressing claim that one-third of millennials face renting their whole life has made headlines today. But the think tank’s report also contained the encouraging — and unsurprising — revelation that countries Read More >
The price of not knowing the value of Bitcoin The Bitcoin boom-and-bust could well lead to regulatory overkill
Some time ago, I confessed to CapX readers my unease about pricing cryptocurrencies such as bitcoin. I wasn’t alone in my hesitation: New York University finance professor Aswath Damodaran has voiced scepticism that assets with no cash Read More >
Does the increase in European warehouse completions have the potential to cause oversupply? CBRE research forecasts rental rates for European warehouses
New warehouse supply has reacted robustly to the current strength of demand in Europe. As a result, completions have recently reached nearly double the levels at the height of the last cycle. We address here whether there is a risk that future Read More >
E-commerce is helping rather than hindering brick and mortar retailers CBRE research shows how traditional retailers are evolving to keep up with e-commerce shopping habits
It’s tempting, even popular these days to claim that e-commerce is wiping out traditional retailing. It’s also wrong. The demonstrable reality is that online and in-store retail can coexist quite nicely, even beneficially with e-commerce. Read More >
Rainy window looking out over city buildings Deloitte Regional Crane Surveys A Regional Renaissance
Following the publication of our regional Crane Surveys at the end of January, we were pleased to report on unparalleled scale and volume of development as a result of significant investor confidence in the UK regional cities demonstrating strong Read More >
New home under construction with sunlight coming through the rafters The positive impact of E-commerce for warehouses How the digital age of business has increased need for warehouses and distribution centres in the US and beyond
The market for warehouses and distribution centers in the U.S. and elsewhere is on an incredible, multiyear run. Don’t expect that to abate any time soon. The primary reason that this market has so much momentum remaining: E-commerce has Read More >
Future-proof healthcare An analysis of MedicX Fund, a specialist investor in primary care infrastructure in the UK and Republic of Ireland
MedicX Fund is a specialist REIT. Like its peers, Primary Health Properties and Assura, it invests in primary healthcare property, focusing on modern, purpose-built primary healthcare assets. The key features of this specialist market are long Read More >
Close up of metal cogs Ever-increasing Circles An analysis of Circle Property, an AIM-quoted property investment company
Circle is an internally managed property investment company, registered in Jersey. It was initially founded as a limited partnership in 2002, became a Jersey Property Unit Trust (JPUT) in 2006, and has been quoted on AIM since February 2016. Its Read More >
Stock trading monitor Celebrations to continue at the Palace An analysis of the property investment company
Edison Investment Research is a leading independent investment research firm. We aim, in these articles for The Property Chronicle, to bring to a wider audience the sort of analysis normally only available to big investing institutions. Each Read More >
Jimi Hendrix performing in 1967 Are you EXPERIANced? What the latest Experian report on construction output tells us
Animals’ bassist Chas Chandler saw the potential in an unknown black American guitar player called Jimmy Hendrix, when others didn’t. Quickly, Chandler assumed the role of his first ever manager and brought the virtuoso to London in 1966. Read More >
London skyline How can REITs reduce their discounts in the absence of M&A activity? M&A is not coming to the rescue of investors just yet, but there are new trends beginning in the listed REIT sector
Previously in this column we looked at what appeared to be the start of a new trend of M&A in the property sector, following the bids for Market Tech and Kennedy Wilson Europe. However, the trend has in fact not materialised. It seems that Read More >
House made of tools over white background Housebuilders’ share prices have broken new ground An exploration in the Peak District of the listed housebuilders
The Peak District became the UK’s first national park on 17 April 1951; albeit the National Trust owns a 12% minority. Geographically, it forms the southern end of the Pennines and much of the area is uplands above 300 metres (984 feet) with a Read More >
New home under construction with sunlight coming through the rafters Have we found the listed PRS vehicle we were looking for? The latest from the listed real estate sector, with Mark Cartlich
Other than the results from the big names in the sector, the theme of the past few weeks seems to have been fundraising, especially in the alternative space. This has been an encouraging trend and shows there is life beyond the prime office and Read More >
Film still from 'Master and Commander' showing a naval captain in front of his ship ‘Master and Commander’: Urban & Civic plc and Nigel Hugill Our Analyst Tony Williams explores the high seas of property investment and how life imitates art
The movie of the same name - and subtitled ‘the Far Side of the World’ - is a 2003-made epic which is set in the Napoleonic Wars and stars Russell Crowe. It received wide critical acclaim on release and, at the 76th Academy Awards, was Read More >
Abstract view of candlestick charts Do foreign investors know something we don’t? Our capital markets analyst gives his thoughts on the latest trends in mergers and acquisitions
Image (c) iStockphoto Do foreign investors know something we don’t? Since the Brexit vote last June we have seen a number of assets snapped up by foreign investors, driven in part by the weakness of sterling since the referendum. In the Read More >

Featuring

Investor's Notebook

Smart people from around the world share their thoughts

Read more >

The Macro View

The week's financial news and how it connects across all asset classes

Read more >

Technology

Fintech, proptech and what it all means

Read more >

Uncorked

A sideways look at the world of wine

Read more >

The Fund Manager

Real money - the capital allocators

Read more >

The Architect

Some of the profession's best minds

Read more >

The Auctioneer

What's going on in the auction world

Read more >

Residential Investor

Making money from residential property investment

Read more >

The Professor

Analysis and opinion from the academic sphere

Read more >

Face to Face

In-depth interviews with leading figures in the property world

Read more >

The Headhunter

Recruitment and career moves

Read more >

The Analyst

Investment themes and trends

Read more >

The History Man

A look back at previous cycles, events, characters

Read more >

The Economist

Money, rates and prices

Read more >

The Agent

Reflections on estate agency, today and in past times

Read more >

Political Insider

The inside scoop on Westminster and Whitehall

Read more >

Editorial Notes

The latest thoughts from the editorial team

Read more >

Our Partners