Research
Fri, 05/07/2024 - 12:00
· 1 min read

UK Economic & Real Estate Briefing – July 2024

While the General Election result ushers in a more certain environment for investors, it is unlikely to materially shift the near-term outlook for economic growth.

  • The election result does not change the UK’s fiscal outlook. If anything, the thinner-than-expected majority increases the necessity for fiscal prudence.
  • Meanwhile, headline inflation is back at the 2% target, but wage growth and services inflation remain high. This means the pace of the forthcoming interest rate cutting cycle is uncertain.
  • Real estate investors and occupiers will welcome the victory of a centrist, pro-growth agenda, but this will be quickly replaced by impatience to see more policy detail.
  • Nevertheless, with political uncertainty rising elsewhere, yields still high, and interest rates poised to fall further, the UK as a destination for global investment now looks considerably more attractive.

Download the full report below or contact Charlie Tattersall and Samuel Duah for more information. 

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UK Economic & Real Estate Briefing – July 2024