Jon Masters
InsightDerivatives popular at IPD conference
There was a shift upwards in the Dec 10 Contract, reflecting the increasing optimism about Total Returns for the current calendar year, but little movement in the rest of the curve.
InsightBGC Partners: Half term holidays slow market
It was a quiet week in the Commercial sector, as the market remained largely unchanged. This brought the recent rally to an end, driven more by the lack of players due to the half term holidays than a change in sentiment.
InsightBGC Partners: McCready gives no relief to housing market
IPD announced their Q3 results this week, reporting that Quarterly Total Returns rose by 2.3%, which means the Quarterly Index has risen by 12.04% so far this year.
- Insight
Resi derivatives sellers fail to find buyers
It was another quiet week in the Residential sector with pricing under pressure again as sellers failed to find any genuine buyers.
InsightEurex trading springs to life
It was another buoyant week in the Property Derivative market as the curve pushed ahead strongly as sentiment continued to improve as there seems to be no shortage of cash looking for a home in the underlying market.
- Insight
Negativity breeds negativity
There was no change in the IPD Curve this week. This reflects the current neurosis in the wider market. Positivity breeds positivity and negativity breeds negativity. It all depends on whom you are talking to
InsightAugust: A directionless and uncertain market
August is a quiet month. Volumes are thin, people are away. Uncertainty still prevails and the markets lack direction. The minutes of August’s Monetary Policy Committee (MPC) meeting suggested that interest rates are unlikely to change – in either direction – for some time yet.
InsightBank growth revisions show "increased downside risk"
The Bank of England has revised downwards its 2011 GDP Growth Forecast from 3.4% to 2.5%. This figure may be reduced further later in the year given the effect the government’s austerity measures may have on: employment (despite the recent respite), the banking sector’s propensity to lend (or lack of ...
InsightTrading volumes fall as investors "side-tracked"
IPD delivered their Q2 results this week, reporting that UK Total Returns rose by 3.4%, comprising Income Returns of +1.5%, Capital Growth of +1.8% and Cross Product of +0.1% completing the 4th quarter running, with rising capital values amounting to 17%.
- Insight
Price curve lowers with capital value concerns
The whole price curve moved lower this week as concerns over capital values continue to dominate many investors’ thoughts as sentiment takes a turn for the worse driven by the fragile economic environment.
- Insight
Investors snap up derivatives bargains
The market improved across the curve this week, particularly in the Dec 10 contract as investors were quick to snap up the occasional bargain at the lower levels reached last week when it was possible to buy IPD returns paid annually at par.
- Insight
Pricing continues downwards as summer holidays begin
Just as the market was settling down for the summer holidays derivative pricing continued the downward trend, bringing IPD swap returns more into line with those generated in the REIT market, during possibly the busiest week for several months.
- Insight
Double dip fears push prices down, but buyers still scarce
This week the market was dominated by all the talk of a double dip recession and what the implications for the property market would be.
- Blogs
Residential Market - failed to produce any meaningful moves
Like commercial property, many of the concerns overhanging the market are weighing on residential investors minds despite the well documented lack of supply.Consequently the market failed to produce any meaningful moves.Alistair Darling, the Chancellor of the Exchequer, proposed giving the FSA more powers to police the UK mortgage market, such ...
- Blogs
Market Commentary - another week stuck in the headlights unsure which way to turn
The Property Derivative market spent another week stuck in the headlights unsure which way to turn as more property funds report commercial property is back on their radar, Mervyn King the governor of the Bank of England reiterated that the Bank is going to maintain QE for as long as ...
- Blogs
Residential Market - house prices could fall as much as 6.6% next year
Latest research from Savills last week said that UK house prices could fall as much as 6.6% next year as unemployment deters buyers and more property becomes available on the market.Adding that values were unlikely to return to 2007 peak levels until 2014.Cluttons LLP echoed this view predicting a 1.5% ...
- Blogs
Residential Market
Residential pricing improved in the front end buoyed by good news from the house builders, with Barratt Developments Plc reporting that reservations had increased by 34% over the last 19 weeks and Persimmon has ruled out the need for defensive fund raising due to improving market conditions and also said ...
- Blogs
Market commentary - pricing nudged higher this week
Derivative pricing nudged higher this week at the front and tail ends as the market was struggling to find any directional indicators from the minutes of the MPC meeting held earlier in the month.There was a 3 way split in the MPC camp, with the majority voting for a £25bn ...
- Blogs
Market Commentary - continued improvement
The UK Property Derivative market shook off the previous weeks set back and pushed ahead across the entire curve this week with activity continuing to improve.The story this week is still very much that the property funds have more cash to place in the market, with a shortage of prime ...
- Blogs
Residential Market - uncertainty continues
The uncertainty surrounding the recovery in the UK residential market continues, whilst the market awaits the Nationwide housing survey to see if the upward trend in prices has continued during October, however the Land Registry did report that house prices have risen by nearly 4% since April. The recovery in ...
