Wed, 01/03/2023 - 12:00
· 1 min read

UK Economic and Real Estate Briefing – February 2023

Growth forecasts have been revised upwards following encouraging business and consumer data. Nonetheless, we have not yet seen the full impact of higher interest rates on the economy and financial markets.

  • The latest release of public sector net borrowing data shows a surprise surplus in January, while the Bank of England now believes that the UK economy will likely experience a shallower and shorter downturn than it predicted last year.
  • Upside surprises in consumer and business surveys show that the prevailing mood is one of cautious optimism for the months ahead.
  • Real estate market liquidity has continued to improve in the last month, evidenced by big-ticket office sales in Central London that hint at prime yield stabilisation.
  • That said, it is still too early to call the end of real estate value corrections. Bond yields have crept up in the last few weeks as resilient economic data across developed markets means sentiment over the path of interest rates in the short term has shifted.


Download the full report below to find out more. 

UK Economic and Real Estate Briefing – February 2023