OFFICES Leading Indicators - 10 August Key economic and financial metrics, and what to look out for in the week ahead Written By: William Matthews, Knight Frank 10 Aug 2021 1 minute to read Categories: Property Sector Offices service Consultancy Topic Covid-19 Economics Forecast World Regions UK In this edition: Are we at the start of a construction super cycle? The UK government has £600bn reserved for infrastructure, mirroring trends globally. Major real estate projects will clearly arise from this super cycle, but at what cost? Global demand is set to fuel prices for building materials – for example, the cost of cement and concrete in the UK was 17% higher in June 2021 than in the year prior. A surprisingly hawkish tone from The Bank of England. The likelihood of future rate hikes has been announced, potentially to 0.25% by next year and 0.5% by 2024. Once 0.5% has been achieved, the BoE has indicated that the focus would turn to unwinding QE. For all the hawkish tone, the fact is we could see a continued low interest rate environment for some time and there shouldn’t be a material impact on property yields. Download the latest Dashboard here Previous article Monthly UK residential property market update – August Next article Midweek property news update - 11 August M25 Key Markets - 2023 Gain local market insights into the M25 & South East office markets - including West London, Reading and Cambridge. Download now × Download - First Name: * Last Name: * Email Address: * By ticking the box, I give my express permission for Knight Frank to contact me with regards to future research reports and event invitations. Find out how we use your personal information. Download Cancel Your download has started Download it manually Tags: Covid-19 Research Forecasts Economics Regular Updates Further reading Leading Indicators - 3 August Key economic and financial metrics, and what to look out for in the week ahead 03 Aug 2021 Leading Indicators – July 27th Key economic and financial metrics, and what to look out for in the week ahead. 27 Jul 2021 Leading Indicators – July 20th Key economic and financial metrics and what to look out for in the week ahead. 20 Jul 2021