Research
Wed, 04/11/2020 - 12:00
· 1 min read

UK Economic and Real Estate Briefing – October 2020

The economy ends the year on a weakened footing. With economic uncertainty driving down fixed income yields, the real estate investment market continues its tentative recovery. As a result, prime yields for offices remain stable, and hardened for logistics.  

 Key findings include:

  • Monthly data for August showed GDP increased 2.1% m-on-m.  
  • Fortunately, job losses have been somewhat contained and better than expected, with the headline unemployment rate increasing to 4.5% in August from 3.9% pre-lockdown.  
  • UK investment volume reached £8.0bn in Q3, a 71% uptick on Q2.  
  • Volume for 2020 to end-Q3 now stands at £28.2bn, 20% down on the same period last year, but still 79% above the same period in 2009.  
  • There were a number of confidence-boosting office sales in Central London, which bodes well for a busy Q4. In the City market alone, there is approximately £4.5bn on sale or under offer. 

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

UK Economic and Real Estate Briefing – October 2020