Our Association

The SPR has been representing property researchers since 1987.  Their seminars debate topical issues and the networking opportunities are unrivalled.  (They also count towards CPD hours.)  Junior analysts are able to rub shoulders with Heads of Research Departments often in informal situations.  SPR often collaborates with other associations to offer events with a wider appeal and is a member of the Property Industrial Alliance group.  Site visits are arranged for members to see 'behind the scenes' of major developments and SPR members also have the opportunity to access discounted rates to attend related courses and conferences organised by similar organisations.

Report on recent SPR event

Joint SPR/IPF Outlook for UK Property 2018, 9 January 2018
Allen & Overy

A Crème Brulée Market?


This major event in the property investment calendar was held on Tuesday, 9 January 2018 at Allen & Overy, London, E1 and chaired by Andy Martin, Chief Executive, BNP Paribas Real Estate.

Why is the current UK property market like a crème brulée? According to Tony Brown, Chief Investment Officer at M&G Real Estate, they are both hard and sweet on the surface but soft and sticky underneath. On the sweet side, returns are holding up well, with the MSCI/IPD index set to breach 10% for 2017, something few predicted at the start of the year. UK property still looks reasonably priced, and the recent weakness of secondary asset values could provide opportunities in the years to come – as long as the worst kind of Brexit can be avoided.  But on the sticky side, Brown cautioned that market demand is heavily dependent on overseas investors, particularly those from Asia. Their appetite could be quelled by new restrictions on exporting Chinese capital and the end to the exemption from capital gains tax for investors into the UK.

Fredrick Nerbrand, Multi-asset strategist at BlackRock, believes that inflation may be the biggest sticking point for global asset markets in the months ahead.  GDP may still be moving forward in most regions, but the momentum looks set to slow, especially if interest rate hikes gather pace in the US, which could happen if Trump’s fiscal expansion feeds through to prices.  European equity markets should still benefit from liquidity, but the same can’t be said of credit markets, where yields are relatively low and there is little room for manoeuvre. Real estate could be in a similar boat, as evidenced by the growing hunt for yield in some markets.

For the UK economy as a whole, the B-word continues to cast its inevitable shadow.  Loretta O’Sullivan, Group Chief Economist at the Bank of Ireland, noted its twin influences – a weak pound and growing caution in the minds of both the UK consumer and its businesses.  The latter is clearly limiting growth prospects compared to pre-referendum forecasts. However, all of the speakers verged towards a moderately favourable settlement as the most likely outcome of Brexit.

Tim Horsey

Chair's blog

Well, what a year. This is my last quarterly update. From now on our new website will be your first point of contact. Where do I start? I mentioned at our conference in September that this has been an exceptional year. We introduced a new logo, launched a new website (with its own teething issues, please bear with us at this early stage), hired a new Research Assistant (Mohammad Usman) and Events & Membership Secretary (Rita Gosrani) and finally, we delivered the SPR 30th anniversary conference.
I’d be lying if I told you that the past 12 months have run smoothly without its challenges but I can look back and safely say that we are moving in the right direction both from a society as well as professional perspective. Certainly the conference key messages will hopefully have left you with a feeling that our analytical brains will not be replaced by automated processes 30 years from now (!).

Starting with the conference, it was a pleasure to see such a wide cross-section of the membership under one roof. We are in the process of gathering your feedback and the conference write up complete with (i) a note from the president, (ii) Gerry Blundell’s paper which formed the basis of the afternoon’s breakout session as well as the (iii) results from the technology survey which you completed earlier this year will be available shortly. 

As for the website, you will shortly be able to register for our events directly online. I also invite you to check our blog tab regularly after these take place. This area will include a short summary of the most recent events and every six months we will compile the summaries  into a newsletter.

Fiona’s 25 years with the SPR officially comes to a close. And while I have already shared a few teary moments with her she looks forward to starting a new chapter with us under her well-deserved Fellow title for exceptional services to the Society. 

Lastly I wish next year’s Chair the very best for the 2017/2018 season. Which leaves me to thank the wonderful committee team who ‘run the shop’ tirelessly for you all. It has been a steep learning curve and none of the SPR’s achievements would be possible without you; Kiran, Oli, Sandip, Tom, Danielle, Cleo, Lucy, James, Samuel, Matteo, Annabel, Helen, Farhaz, Monika, Rita, Charles, Fiona, Joanna, Arvydas, Mark and Craig. 

Thank you all and hope to see you for a celebratory toast at the AGM and/or annual dinner on the 9th November which promises to be a grand affair at the Royal Automobile Club.


Vanessa Muscarà
September 2017


With a membership of over 500 property professionals, advertising your job vacancies with us gets results. Click here to find out more.


If you want to reach an audience of over 500 professional researchers, consider the benefits of sponsoring a SPR event. Click to find out more.