The IPF Research Programme has a reputation for delivering high quality, rigorous and independent research, concentrating on issues relevant to the market. Thanks to the generosity of the current sponsoring organisations, over £1 million has been pledged to support one of the biggest UK-based research programmes that focuses specifically on real estate investment.
The objectives of the Research Programme reinforce those of the IPF, through enhancing the understanding and efficiency of property as an investment, including public, private, equity, debt and synthetic exposure, for its members and other interested parties. All our research aims to support these objectives. We commission and publish broadly three different types of work:
- Major research reports that generally address key issues for the market such as risk, liquidity, depreciation and sustainability. Full and summary reports are ordinarily published to document the findings of these investigations.
- Short Papers, which focus on specific and topical issues in the market and comprise a single paper on publication.
- Regular reports - these currently include:
- the UK Consensus Forecast (quarterly)
- the European Consensus Forecast (6-monthly)
- Size and Structure of the UK Property Market (annual)
- Residential Investment Survey (annual)
ACCESSING OUR RESEARCH
All reports are held in the Resource Library. Full reports are available for downloading free of charge by IPF members. Members will need to log in to access all full reports. Summary reports and Short Papers can be downloaded free of charge by non-members.
Please click on the links for details of the IPF Research Programme 2011-2015, IPF Research Programme 2006-2009, and the IPF/IPF Educational Trust Joint Research Programme 2003-2006.
KEEPING YOU UP TO DATE
UK Consensus Forecasts
The IPF produces an ad hoc research newsletter listing ongoing research and completed projects supported by the IPF Research Programme. The newsletter also contains listings of current research projects being supported by the AREF, BCO, BCSC, BPF, PIA and RICS. Historic newsletters can be found in the Resource Library.Research Newsletter (Autumn 2017)
In addition, the IPF emails a regular Research Digest to members, which is a update on the current activity of the Research Programme.
A study to investigate the range and application of benchmarks within private real estate as an asset class. Heriot-Watt University, led by Dr Edward Trevillion, will examine the selection, composition and use of benchmarks by a range of investor types in the context of UK market practice. This research is due for delivery in the early Autumn.
Evolution of Sector Allocations
Much has been written recently about the current state of US retail, in particular the health of its regional malls. The impact of e-commerce has also been extensively discussed. However, there has been less of a dialogue on the influence of omni-channel retailing or the potential consequences this may have on allocations to the retail sector from an investment perspective.
The IPF wishes to commission a study on what, if any, impact the many changes in retailing has had on institutional/large-scale investor allocations to their real estate investment portfolios. Considerations may include:
- Whether the proportion of capital flowing into and out of retail assets altered over the past decade and why.
- Does investment in other sectors replicate what retail exposure used to provide in terms of investment performance or are there wider portfolio allocation implications?
- Considering sector allocations over the next decade, how the future growth of multi-channel retailing might influence sector weightings and the effect on demand within sub-markets.
- Where capital will be invested if the retail market is going to shrink – will it be redeployed to other sectors or will it leave the asset class entirely?
The study should be set in an international context, as we are keen to understand whether there are lessons to be learned for the UK from other countries or if the UK provides a guide to what to expect elsewhere.
The deadline for submissions is close of business, Monday 30 April 2018.IPF Evolution of Sector Allocations Invitation to Tender (Mar 2018)
Occupational Drivers of Investment Performance in Real Estate Sectors
Given the importance of income as a component of real estate returns, the IPF wishes to commission a series of studies across a range of property types, to identify key characteristics that drive tenant demand, commencing with the logistics sector. Researchers are expected to provide original insights into the subject, with the focus on the investment implications of change to sector performance.
Submissions are being evaluated for the above.