For some, sport is just about taking part. For others it’s only about the winning, about setting records that will get their names etched into the history books. This week has seen a number of different sporting records broken, whether it be Gareth Batty, at the ripe-old age of 39, becoming the England cricketer with the largest gap between winning caps (142 tests) or the world record number of DRS reviews (10) being used in England's first innings against Bangladesh. But perhaps the most impressive sporting record broken was New Zealand becoming the first top-tier nation to win 18 consecutive rugby tests after beating Australia 37-10 in Auckland yesterday. It was not only New Zealand’s 18th straight test victory, but their 45th(!) in a row at home, another record. With Ireland (twice), Italy and France their next four opponents, all bets are now off that the All Blacks' run of wins won’t have been extended to 22 by the end of November, beating Cyprus’ record of 21 matches (albeit at an entirely different level) in the process.
The latest property research season appears to have kicked into full swing this week. First up we had IPD announce that UK property values had slipped for a third consecutive month in September, declining 0.21% following a 0.65% fall in August and a 2.8% fall in July. Then we had Property Industry Alliance reveal that the value of the whole of theUK’s commercial property stock reached an all-time high of £871bn in 2015, up 11% on 2014. Apparently commercial property now represents 10% of the UK’s net wealth and is equivalent to 40% of the value of the UK stock market. And last but no means least, it has been reported that global institutional investors have increased their real estate allocations to 9.9%, up 34 basis points from 2015 and up 100 basis points since 2012. The survey also found that actual portfolios are currently only 8.9% invested in real estate, meaning that there is still a stack of capital looking for a home. The key question now is whether the current reported cooling off of values will impact allocations in 2017 and beyond. Hopefully not.
For those of you with kids, next week could be one to really look forward to or one to genuinely fear. Why? Well, it’s half-term of course. Half-term? Already? How is this possible? Didn’t the kids only just go back to school after a lengthy summer holiday? What on earth are we going to do with them? Is it too late to go away? Or should we just stay at home and let the kids relax? The problem is that the idea of a holiday where children simply relax appears to be a thing of the past, thanks to our ever-increasing insecurity about how to do the best for our children – and the awareness that everyone else is doing so much via Facebook or Instagram. But if you are looking for a novel excuse not to join the queues at Peppa Pig World or the National History Museum, then it might be worth brushing up on the research of American criminologist, Professor Kevin Beaver. He claims that no matter how many times you force them to a museum or an art gallery during half-term, it won’t get them the grades for that ideal secondary school or their dream job. Why? Because according to Kevin, your children’s IQ is mainly down to genetics.