Research
Tue, 31/03/2020 - 12:00
· 1 min read

Monthly UK Economic and Real Estate Briefing – March 2020

COVID-19 is an anomaly. We are faced with a number of unknowns. Currently COVID-19 is seen as a short-term risk to UK’s outlook. We do expect the UK economy to recover in second half of the year. In a volatile world, the risk-averse, stable qualities of UK real estate will begin to look more appealing. To find out more, please read our latest briefing.

  • The UK Purchasing Managers Index survey showed a huge drop in March with the composite Index falling to 37.1.
  • The service sector was the hardest hit, falling from 53.2 to 35.7. This is the biggest monthly fall on record and an all-time low.
  • According to the latest PMIs a q-o-q fall of 1.5-2% in UK’s GDP is expected for the first quarter Q1.
  • With the lockdown being enforced recently, we do expect a worsening in the second quarter.
  • The property market has understandably slowed this month, with a lot of uncertainty over pricing and the future of many tenants.
  • The pandemic is also highlighting some of the market's key trends.

 

Click to read UK Economic and Real Estate Briefing - March 2020

 

Monthly UK Economic and Real Estate Briefing – March 2020