UK Economic & Investment Briefing Q3 2019
Our market report for Q3 provides an overview of the current UK economic landscape, market movements and its implications on the UK real estate market for the last quarter.
- Sterling is now weaker than it was at the height of the financial crisis, but this weakness only increases some investors’ attraction to UK real estate.
- Just over £13.0bn of commercial property transacted in Q3. Volume in Q1-3 2019 was £33.4bn, 26% below the same period last year.
- Brexit-related uncertainty continues to hamper disposals, but UK real estate’s resilient fundamentals and attractive pricing relative to other markets means demand from buyers remains high. This should continue into Q4 and beyond