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22nd September 2023
The property media grows in reach and influence as time ticks by. Headlines would have you believe that crashes are coming but at the same time housing is more and more unaffordable. In reality with recent wage inflation at 8.2% and CPI at least on its way down under 7% - the peak has happened and working people are playing catchup on the cost of living crisis in real terms. In the meantime the post-Truss correction of around 5% on pricing - and a significant drop in volume, but covid-inspired volume... Read More >
Recent Articles:
18th September 2023
Any organisation, be it commercial or not-for-profit, needs to have a property strategy - a formal document that sets out how that entity considers its operational and, as applicable, its investment/freehold real estate.
Formulating and then Read More >
11th September 2023
In exactly twelve months, the Paris Olympics and Paralympics will be finishing. Between now and 8 September 2024, France will enjoy an exceptional sporting year. For starters, the 2023 Rugby World Cup (RWC) began last Friday, a taster of Read More >
4th September 2023
If your career as an Architect, Engineer, or indeed, as any Built Environment professional, hasn’t quite worked out as planned, don’t despair – your in-demand transferable skills could stand you in good stead for a range of other creative Read More >
18th August 2023
One of the trickiest aspects of asset management is identifying potential alpha and beta in terms of future company performance. Despite assertions to the contrary, the answer is not always that positive alpha is a result of manager genius, Read More >
14th August 2023
In economics and investment 101 classes, students are taught theories underpinned by a sacrosanct assumption that investors are rational. On first hearing, this appears logical and difficult to argue with; it’d be a brave student that stands Read More >
7th August 2023
If being entirely honest, we’d accept our wish-lists invariably include items that, without some huge leap of wealth, opportunity, or technology, will always remain beyond us. Well, whilst most elements on my wish-list are unicorn-like, there Read More >
31st July 2023
2022/23 convinced me that fairytales only happen when I trade emerging markets FX, other than the Lizzie/Rishi's sterling bungee jump last September. But then Britain is now an EM for the first time since the Yorkist Edward IV defaulted on his Read More >
24th July 2023
Growing interest in a blue ocean of opportunities in the luxury ryokan segment.
Ryokan is a type of accommodation considered to be unique to Japan, with many designed, constructed, and equipped in a typically traditional Japanese style. The Read More >
17th July 2023
The President of the Royal Institution of Chartered Surveyors has written to Dame Janet Pareskeva, OBE, the Head of the Institution’s Standards and Regulation Board and in effect required her resignation. This creates a new situation in the Read More >
7th July 2023
Lehman Brothers was a legendary Wall Street partnership before a civil war over bonuses between its bankers and traders forced its sale to American Express in 1984 and led to its fatal failure a generation later in 2008. Morgan Stanley's merger Read More >
3rd July 2023
In recent years the stock of care home beds has barely increased in the UK. Whilst there has been new supply created from new developments, and the very occasional repurposing of former other-use facilities, these have only just about kept Read More >
23rd June 2023
After years of asset price growth underpinned by ultraloose monetary policy, the party for commercial property seems to be over. A confluence of adversity is hitting the sector.
First came lockdowns with the locking up of customers that would Read More >
19th June 2023
I was dismayed when the Spring Budget was announced to realise that it made almost no mention of housing. Besides a few pounds spent on a couple of homes for veterans and some funding of questionable significance to support clearer routes for Read More >
9th June 2023
I recently went on a private tour of one of the most eccentric private houses I have ever seen. Charles Jenks, who, very sadly died in 2019, was an architect and a polymath. He studied English Literature then Architecture at Harvard and his love Read More >
5th June 2023
Labour has emerged from this summer’s local elections with what appears to be a commanding lead, but this is the time in the electoral cycle when voters go to the polls in local elections to send a message to the government. Next year’s Read More >
31st May 2023
Despite what the headlines might sometimes suggest, the housing crisis is not one, uniform problem faced by the whole nation, but rather a series of local and very different crises. The ratio between average house prices and average yearly Read More >
13th May 2023
Each year the Oxford English Dictionary chooses a word/phrase of the year which has emerged into the public consciousness and common usage. Last year it was “Goblin mode”. The formal definition is “a type of behaviour which is Read More >
26th April 2023
Prof. Dr. Tobias Just (FRICS) and Dr. Marian Dietzel
Given the current demand for housing, the number of residential completions in Germany is too low: Since the last census in 2011, the number of inhabitants in Germany has risen by around Read More >
17th April 2023
Earlier this month, RentCafe reported their analysis of IPUMS data indicating Millennials’ landmark transition from majority renters to majority homeowners in the United States in 2022. According to RentCafe’s commentary, the average Read More >
6th April 2023
Greater Tokyo, with 37.2 million people, is the world’s most populous urban area. After years of experiencing Japan only through the lens of Marunouchi, the ultra-modern city centre (https://www.propertychronicle.com/a-letter-from-tokyo/) my Read More >
27th March 2023
A nuanced picture for real assets’ demand
Demographic trends throughout the eurozone, between member states and within nations, vary markedly. At the macro level, Europe’s working-age population is shrinking, which poses challenges to Read More >
21st March 2023
It’s not just salads going off during these unprecedented times
We are fairly certain that when writing The Walrus and the Carpenter, Lewis Carrol never imagined a time that we would talk about “lettuces and queens”. However, such is Read More >
14th March 2023
Another instalment in a series of articles detailing how to design a secure, income-producing portfolio
In my previous article, I mentioned the reality that investment advisors, especially those affiliated with a large financial institution, Read More >
23rd February 2023
This writer supposes there must be a world out thereworth investigating… Some day, anyway.
2022 has been a frenetic year for markets – watching the Truss debacle bring down the whole economy by unravelling the Virtuous Sovereign Trinity Read More >
15th February 2023
Like most stock market indices around the world, the S&P 500 did not have a particularly good 2022.
Shortly after reaching a new all-time high in 2021, the index went from 4,766 at the start of 2022 to 3,840 by the end, recording a Read More >
9th February 2023
You can't have a soft landing and a Fed pivot.
Expected Fed funds rates by December 2023
Source: Refinitiv, Federal Reserve.
After a dismal 2022, markets are off to a flying start this year. Chinese and European equities are leading Read More >
31st January 2023
The significant broadening of the institutional real estate investment universe is a welcome feature of recent years. Societal change, e-retailing and the pandemic, among other factors, has rightly questioned the merit of a strict focus on the Read More >
23rd January 2023
How China’s reopening may light fires across the global economy.
At the beginning of 2023, if we have certainty about anything, it’s how uncertain the path is for the global economy – unlike in 2021 or 2022, when the destination Read More >
17th January 2023
I wrote a post on global equities and discussed Bob Iger's return to Walt Disney earlier this week. Coincidentally, I had lunch on Wednesday with an old friend who happens to be the savviest US equities investor I know in Dubai and we spent the Read More >
12th January 2023
The top five films coming your way, according to this writer.
The bricks and mortar cinema experience may be in terminal decline, particularly in the USA. Only a handful of established blockbuster franchises are able to pack theatres on Read More >
11th January 2023
Two inconvenient truths are fundamental to the relationship between fund investors and asset/fund managers in real estate investing. They are straightforward and well-understood, but they are problematic.
When real estate investments Read More >
13th December 2022
After reaching extraordinary valuations, zeitgeist stocks are yet to return to reasonable levels.
In the classic Christmas film Miracle on 34th Street, Kris Kringle is on trial for claiming to be the real Santa Claus. His defence Read More >
6th December 2022
We are now a year on from the first central banks shifting into tightening mode and raising policy rates to bring inflation back under control. This central bank tightening trend broadened and accelerated in spring 2022 in response to the Read More >
29th November 2022
Part 2: A growing institutional asset class.
Part one of this series began with a broad overview of the marina sector from a property perspective. It touched on the some of the main characteristics which are critical to marina valuation: Read More >
22nd November 2022
For a few dark days in summer 2022, England’s new Environmental Land Management scheme (ELMs) looked like it might be a casualty of Liz Truss’s bonfire. A coalition of farming unions and environmental NGOs alike jumped to its Read More >
14th November 2022
A guide to the requirement.
Solvency II is a comprehensive programme of regulatory requirements for insurers. One of the two financial requirements of Solvency II is the Solvency Capital Requirement (SCR).
The SCR is widely thought to have Read More >
8th November 2022
These are important drivers of real estate market activity today and are likely to be even more important ones in the future.
Family offices invest and manage assets with the aim of preserving the wealth of the respective families. Read More >
21st October 2022
Global housing markets face a potentially significant downturn as rising interest rates, high valuations, and squeezed real incomes start to bite. Risks look especially acute in some markets, where they are already starting to Read More >
7th October 2022
Is investors’ preference for them warranted?
An important issue for investors is that of how to structure their exposure to commercial real estate. A common allocation strategy is to tilt real estate portfolios towards well-located, Read More >
5th October 2022
A look at the transformation of Japan’s major regional cities.
Overall, demand in the office markets in Japan looks to have plateaued for now, with contracted rents remaining flattish or weakening slightly. The office market is still Read More >
27th September 2022
Brent crude was grossly overvalued at 124 in June and black gold has come down as supply angst is replaced by the very tangible reality of a China where 7% GDP growth is not going to come back for the rest of the decade. Thus demand destruction Read More >
8th September 2022
It is perfectly logical that the summer rally in emerging market debt was aborted the moment Powell spoke at Jackson Hole and risk assets plummeted on the expectations of 'higher for longer' interest rates and QT, which means the global money Read More >
31st August 2022
It’s time to prepare for the near future.
As the world slowly and unevenly emerges from the two years of pandemic lockdowns, we are entering a new normal that is increasingly defined by a few critical and unprecedented factors. Read More >
23rd August 2022
What’s gold today may be coal tomorrow.
It has been 15 years since Apple catapulted the smartphone into the mainstream, with the launch of the iPhone 1. Today there are more than six billion (and rising) smartphone users globally, all with Read More >
15th August 2022
A considered outlook.
International integration has faced numerous challenges over the past decade. Brexit and the Trump presidency are clear examples where traditionally outward-looking trading economies turned inwards. More recently, the Read More >
8th August 2022
The latest UK Anti-Money Laundering (AML) National Risk Assessment (2020) assessed the UK’s property sector as high risk for money laundering (ML). It attributes this to certain attributes and features of the sector, market participants and Read More >
2nd August 2022
Property and inflation.
My friend, colleague and fellow co-head of research, Kevin White, has spent the past few months quoting Mark Twain and telling me that, “History doesn’t repeat itself, but it often rhymes”. The reason for the Read More >
27th June 2022
Harvesting the low-hanging fruit.
“We do not inherit the earth from our ancestors, we borrow it from our children.” (Haida proverb)
Despite lofty sustainable development goals established by the UN in 2015 and supposedly to be Read More >
23rd June 2022
It’s time to bring life sciences real estate to investors.
2021 was the year of life sciences real estate and we did three research projects one after the other on this fast-growth sector. The first two were for the Urban Land Institute and Read More >
18th June 2022
Visualising is halfway to understanding.
Source: MSCI Monthly Property Index ©2022 MSCI Inc. All rights reserved.
It’s hard to visualise risk, but MSCI produced a mesmerising graphic of the variation in individual UK property returns Read More >
9th June 2022
We should all learn to share the experience with others.
OK, I need to preface this article by saying that, in today’s world, I am not old. I am constantly being told that 60 is the new 40 and that ‘old’ now starts in your mid-70s. Yet, Read More >
26th May 2022
A new golden age looms.
Retail has been at the epicentre of cyclical and structural change. Prior to Covid 19, the sector was grappling with rapid ecommerce growth and changing consumer habits. The pandemic compounded those challenges, Read More >
9th May 2022
2021 was a year fraught with challenges, ranging from the emergence of new Covid-19 variants to regulatory pressure on China's property developers. Asia Pacific (APAC) saw an economic recovery despite these downside risks. Preliminary data from Read More >
25th April 2022
Land prices should now outperform other asset classes, especially when compared to their underperformance during the previous period of deflation, argues this writer.
In November I suggested that inflation would continue, rather Read More >
19th April 2022
Interest hikes are not always a smooth answer.
The inflation rate has been a recent ongoing hot topic of debate as more and more countries are experiencing a surge in consumer prices, according to the latest data. It is, however, an expected Read More >
14th April 2022
In this very special series of exclusive articles for the Property Chronicle, Australian property legend Norman Harker reflects on his extraordinary 50-year life in real estate. He will pull no punches partly because, as he freely admits, Norman Read More >
4th April 2022
The roots of the Royal Family’s public persona.
During the later decades of the 19th century, the British monarchy was fundamentally transformed into the one we know today: ceremonially splendid, but largely powerless in politics. In the Read More >
9th March 2022
Following an unprecedented crisis due to Covid, Italy became Europe’s largest beneficiary of the EU’s €750bn recovery plan designed to “emerge stronger from the pandemic, transform economies and create opportunities and jobs.” In Read More >
3rd March 2022
In this very special series of exclusive articles for The Property Chronicle, Australian property legend Norman Harker reflects on his extraordinary 50-year life in real estate. He will pull no punches partly because, as he freely admits, Norman Read More >
24th February 2022
The fuss around Evergrande seems to be dying down, so now seems as good a time as any to reflect on what happened and try to put it all in perspective.
The catalyst for Evergrande’s woes was China’s ‘three red lines’ policy. This Read More >
14th February 2022
There is more than one way to inhabit a city,say these authors.
As the future of work is changing, we now find ourselves at a stage where demand for quality, convenience and flexibility in urban living is not being met by traditional Read More >
3rd February 2022
We are in the midst of the next evolutionary cycle.
Enforced mass home-working caused by the pandemic has viscerally demonstrated that in today’s tech-infused world, knowledge-based ‘work’ need not necessarily be performed in an office. Read More >
27th January 2022
In this very special series of exclusive articles for The Property Chronicle, Australian property legend Norman Harker reflects on his extraordinary 50-year life in real estate. He will pull no punches partly because, as he freely admits, Norman Read More >
10th January 2022
Keep your eye on the far horizon, says this writer.
Real estate owners and users are not short of business challenges right now. Climate change, energy use and carbon emission; growing wealth disparity and diverging demographics, coupled Read More >
17th December 2021
The Japanese housing depreciation dilemma.
While Japan shares many characteristics of the West – a democratic political system and capitalist economic system – one area that distinguishes Japan as an outlier is the attitude the Japanese Read More >
8th December 2021
Our recent study, which is published by Energy Policy, shows that an improvement in air quality, an environmental amenity, will not only enhance the health and wellbeing of residents, but also offer some economic benefits to local housing Read More >
7th December 2021
Originally published September 2021.
The case of the London and Paris office markets.
While the global framework of the Paris Accord is gradually being incorporated into national laws in Europe, incentives for property investors to take Read More >
30th November 2021
Originally published August 2021.
With the population moving to the US’s South and West, investment opportunities have followed.
Nearing my retirement, I am considering some of the investment lessons I have learned along the way. One of Read More >
18th November 2021
On Wednesday, I travelled hopefully to COP26 – looking forward to the delights of the LNER high speed, low carbon, full fat English breakfast.
My best laid plans went awry as LNER cancelled and the much-delayed trip left most of us Read More >
11th November 2021
In this era of major technological advancements, the Covid-19 pandemic has supercharged changes, especially in the way we communicate and work. Organisations are changing rapidly to a flexible digital office environment. While the talk is Read More >
21st October 2021
It just isn’t possible to do away with boom and bust
Mark Twain is alleged to have read a newspaper account of his own passing and declared, “The reports of my death have been greatly exaggerated”. That story may well be apocryphal, but Read More >
14th October 2021
A Property Chronicle regional series.
The Northeastern US is the most densely populated region of the country, with more than 30 million people living in the roughly 250-mile expanse of near-continuous urbanisation that stretches from Read More >
7th October 2021
In this very special series of exclusive articles for The Property Chronicle, Australian property legend Norman Harker reflects on his extraordinary 50-year life in real estate. He will pull no punches, partly because, as he freely admits, Read More >
23rd September 2021
Back to school, back to work, back to life.
La rentrée means much more than just ‘back to school’. The word also signifies a return to social and professional normality after an extended break. This September, after 18 months of Read More >
9th September 2021
In this very special series of exclusive articles for The Property Chronicle, Australian property legend Norman Harker reflects on his extraordinary 50-year life in real estate. He will pull no punches partly because, as he freely admits, Norman Read More >
31st August 2021
Post-Covid work patterns will have a significant effect going forward in Europe.
During the Covid-19 lockdowns, the share of office employees working some time or usually from home more than doubled, from 28% in 2018 to 67% in July 2020 Read More >
12th August 2021
FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increased slightly from 849.11 to 868.08 (2.23%) compared to the last month update. Currently the Singapore REIT index is still trading with a range between 816 and 880.Yield spread (in Read More >
28th July 2021
...in the context of a sometimes cynical and overwhelmed commercial real estate industry.
As of 20 July 2021, the website we started at the University of San Diego, Burnham-Moores Center for Real Estate, https://Propsolutions.tech, has 2,484 Read More >
22nd July 2021
Last week, I went to an airport. This was my first time since February 2020 – a period of over 500 days. I felt both excitement and trepidation at revisiting this once too-familiar routine. Just a few years ago, I might have passed through an Read More >
15th July 2021
In this very special series of exclusive articles for the Property Chronicle, Australian property legend Norman Harker reflects on his extraordinary 50-year life in real estate. He will pull no punches partly because, as he freely admits, Norman Read More >
6th July 2021
The home-working boom means anyone can work anywhere, hugely widening the talent pool
“There is one fish in the pond, and ten anglers on the bank,” goes a Vietnamese proverb. As the current working-from-home debate gathers momentum, Read More >
16th June 2021
Just as the board game now comes in startlingly modern variations, real estate itself has evolved to match our changing world.
he property board game Monopoly has been around since 1935, though it was based on an older educational game. Just Read More >
10th June 2021
How GameStop’s landlord was too slow off the mark with an opportunistic equity raise.
There are two main areas that cause confusion between participants in the public (listed) and private (unlisted) markets: the divergence of a share price Read More >
19th May 2021
Sure, the sector suffered last year, but it’s overcome troubles before and will do so again.
Real estate investment trusts, or REITs, were misunderstood for years after they debuted in 1960 – even for decades. When they were first written Read More >
29th April 2021
The pandemic will have a long tail, resulting in a rollercoaster property cycle in the coming years.
June 21st – hooray! We have a date for a return to normal (sort of). The pricing-in of some vaccine optimism in the financial markets in Read More >
20th April 2021
Some of you may remember Steven Bradbury, the Australian short-track speed skater, in the 2002 Winter Olympics in Salt Lake City. The unlikely finalist – he’d snuck through the semi-final after the defending champion fell three bends Read More >
8th April 2021
The pandemic took its toll on the population of Israel. The country is viewed by commentators as having come out of lockdown too early in the summer and as a result going back into lockdown around the end of the year due to the spike in the Read More >
31st March 2021
Although the covid pandemic has had a major impact on the Pacific Rim office markets, Real Capital Analytics reports show that considerable regional real estate investment attention has focused on the traditional office sector in recent years. Read More >
25th March 2021
We are at a key moment in economic history right now. This is the definitive movement of the world and economic life from a world of territorial states and economies to one of cities. Cities have been a feature of human life for almost 6,000 Read More >
11th March 2021
FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreased from 877.59 to 826.65 (-5.80%) compared with last month’s update. Currently the Singapore REIT index is moving sideways after a false breakout at resistance around Read More >
2nd March 2021
Christmas sales aren’t looking rosy, what with the pandemic – and then we have to deal with Brexit.
I will try not to dwell too much on you-know-what – we all know the effects of the coronavirus, ad infinitum, and glasses are, alas, Read More >
23rd February 2021
This integrated approach offers a handy way to tailor risk/return solutions in the current market.
Back in 2003, Susan Hudson-Wilson, Frank Fabozzi and Jacques Gordon wrote an influential academic paper entitled “Why Real Estate?”, which Read More >
16th February 2021
The historical role of female investors is belatedly coming under the spotlight.
In recent years, industry research has documented the rise of female investors. A report by the Center for Talent Innovation titled Harnessing the Power of the Read More >
8th February 2021
As the pandemic is slowly brought under control, a changed world will emerge that offers new investment opportunities.
Few people will be sorry to see the end of 2020, and many have subdued expectations for next year. I am forecasting Q4 Read More >
4th February 2021
The deposal of James II was less revolution than evolution, setting England firmly on the path towards parliamentary democracy.
Few monarchs have inherited such a seemingly strong position as James II did in 1685. The Earl of Peterborough Read More >
20th January 2021
Paying dividends is kind of important for a REIT, but some of them seem to have forgotten that lately.
This is my 40th year following the sector as analyst, salesman and occasional corporate adviser. When I first started there were just four Read More >
14th January 2021
If you plan to play the REITs game next year, here’s what you need to know.
“Bad News for REIT Investors” … “Negative Ratings Bias Rises as North American REITs Confront Effects of Covid-19” … “From Bad to Worse for REITs” Read More >
6th January 2021
This booming sector can help drive the UK recovery – and it’s hungry for space.
The search for a covid-19 vaccine has shone a light on the life sciences sector and the many research institutions around the UK that have committed Read More >
16th December 2020
Tim Green speaks with the chief executive of Howard Group, a Cambridge-based family-owned property company.
Howard Group, where Nicholas Bewes has been chief executive since 1999, is a Cambridge-based family business established in 1935 and Read More >
3rd December 2020
Many people concerned about the possibility of inflation caused by the debasement of currencies, such as myself, were strongly influenced by the 2009 book by Carmen Reinhart and Kenneth Rogoff, This Time is Different, which catalogues the causes Read More >
24th November 2020
Consumers won’t turn back from e-commerce now – so what do institutional investors need to know about the logistics property market?
The influence of e-commerce on the daily life of many Americans became clear to me when my 92-year-old Read More >
18th November 2020
London’s West End, the ultimate UK town centre and home to hundreds of impressive landmarks and just 65,000 residents, was hit by the pandemic harder than other parts of the capital. But the famous central London area is not just responding to Read More >
11th November 2020
Whatever the coronavirus has done to the global economy, the effects are likely to be fairly short-term – aside from in aviation.
At the start of 2020 we were convinced it would be a year of financial correction – a realisation of just Read More >
28th October 2020
Asia Pacific property stocks lost ground in September as risk aversion gripped investors, ahead of a US presidential election and continued concerns that a global economic recovery remains volatile.
Investors went on the defensive, even as Read More >
19th October 2020
The UK needs a more nuanced approach to agricultural trade – let’s ditch the kneejerk reactions, for a start.
I argued for Brexit. Don’t get me wrong: I could see the arguments on both sides, but working in agriculture, I knew the folly Read More >
12th October 2020
Conversion to alternative uses may be the only path for some, but there are other options for the imaginative.
Shropshire is the UK’s largest inland county – a fact of which many Salopians are strangely proud, and I know this because Read More >
8th October 2020
The European real estate market environment remains incredibly uncertain. While the severity of the current recession is significantly worse than the global financial crisis, real estate markets have, at worst, been subdued.
Outright distress Read More >
1st October 2020
Rents are known to be volatile as demand and supply interact to create cycles. Rents are also known to vary enormously across properties based on their planning use class, location and condition. This article explores whether the rent setting Read More >
24th September 2020
Asia Pacific’s real estate focused stocks outperformed in August, edging ahead of the wider market. This was led by the wider GPR/APREA Composite Listed Real Estate Index, which returned 5.8%, powered mainly by the Australian and Japanese Read More >
17th September 2020
Global growth for BRIC economiesAnnual GDP growth forecast by IMF WEO, World Bank and EIU
An era of globalisation that boosted economic growth in developing countries for many years is shifting to an era of deglobalisation with increased Read More >
10th September 2020
Viewpoint from a regional investment agent: As I sit in my actual office, in front of my actual PC, I reflect on the first half of 2020 as a Bristol based investment agent, and conclude it was pretty much as expected and reflective of the UK Read More >
3rd September 2020
The last months have seen unprecedented change as all have faced up to the challenge of the pandemic. For many, it has meant working from home rather than the regular commute to the office. As we emerge to the new normal, however that is Read More >
26th August 2020
The dividend has continued to increase without interruption, up from 65c to 70c. That’s 11 years of increase, and compares with 5.966c in 2006.
Funds from operations (FFO) in the first half alone have increased by 4.1%, from 87c to 91c – Read More >
29th July 2020
It is time to look again at a subject which pops up every now and then and this morning has done exactly that. From The Guardian:
The price of gold hit $1,865 per ounce for the first time since September 2011 this morning.
Gold has surged Read More >
23rd July 2020
Last week witnessed a feeding frenzy from the crème de la crème of Wall Street’s smart money (and some Dubai’s smart money LOL!) to be part of the private market financing of Reliance Jio, the emerging supernova of India’s digital Read More >
16th July 2020
After digesting the initial shock of the coronavirus and its economic disruption, analysts are starting to assess the longer term impact of the pandemic. Not surprisingly, there has been much speculation about how the world could emerge, often Read More >
15th July 2020
Orthodox economics, we’re told more and more often these days, isn’t up to the task of dealing with a post-pandemic reality. The latest exemplar in the Observer complains, for instance, that old-fashioned economics relies too much on Read More >
9th July 2020
Sometimes you spot something that you cannot let pass and that has happened this morning. There is an interesting article in the Financial Times Alphaville section by a couple of portfolio manager’s at Man Group suggesting inflation is coming. Read More >
2nd July 2020
In the run-up to his big speech yesterday, all the talk was of the Prime Minister promising a ‘Rooseveltian’ New Deal for Britain. Fortunately, when it came to it, he wasn’t promising anything of the sort. Why fortunately? A tale of two Read More >
11th June 2020
My World: June 2021...
This is part of a series of articles where our contributors describe how they think things will look a year from now.
Thank goodness the world is getting on with funding & rebuilding fit for purpose global Read More >
28th May 2020
My World: June 2021...
This is part of a series of articles where our contributors describe how they think things will look a year from now.
The industry will experience consolidation, with an acceleration of technology and more flexible Read More >
25th May 2020
My world: June 2021...
This is part of a series of articles where our contributors describe how they think things will look a year from now.
Offices will recover, thanks to desk distancing needs, and logistics will thrive – but retail Read More >
21st May 2020
My world: June 2021...
This is part of a series of articles where our contributors describe how they think things will look a year from now.
I have a teaching aid I use with new graduate students. I show them a graph that shows performance Read More >
15th May 2020
The price level for German residential housing has remained so far unchanged since the onset of the coronavirus pandemic, according to German consulting group F+B, whose CEO Bernd Leutner warned it would be wrong to make premature and knee-jerk Read More >
8th May 2020
Farmers will gain new opportunities from carbon offsetting, which will change how land is used and valued
Investors are increasingly familiar with the concept of stranded assets: previously investible assets that a changing framework makes Read More >
30th April 2020
There will be no reversion to the norm – much retail property will keep losing value. But the sector can be better than ever, thanks to proptech
A recent conversation with a large retailer went like this:
“The market is tanking, Read More >
24th April 2020
The Stamp Duty and BREXIT issues that have beset the UK housing market for the last 3 years feel like a walk in the park (no pun intended) when compared to the current economic paralysis.
2020 felt like a new start, a chance to reset the Read More >
17th April 2020
Coronavirus, the Euro, the EU and Brexit: all are becoming inextricably intertwined.
This can be seen with contagion of a separate sort threatening the EU’s – and thus the world’s – financial order, as the economic impact of Covid-19 Read More >
14th April 2020
This is the third article in our series on how to develop an edge in the world of racehorse syndication. The first two articles reviewed the trials, triumphs and tribulations of racehorse syndicates, then finding a system to beat the market. The Read More >
25th March 2020
In 2009 the GFC, which was responsible for severe asset value losses, resulted in a large funding gap between the debt position and the asset value. As this was essentially negative equity, fund managers were often struggling to attract either Read More >
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In-depth interviews with leading figures in the real estate/investment world.
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