Our latest view on the outlook for the UK economy and commercial property market.
The outlook for UK economic growth continues to be dominated by political and Brexit-related matters. Despite Boris Johnson’s government ramping up preparations for a no-deal we believe this is most likely a negotiating tactic to make no-deal a credible threat.
The annual rate of growth for all-property declined to just below zero in the 12 months to June, largely due to the drag from the retail sector.
Weakening economic sentiment and political uncertainty related to Brexit has contributed to a slowdown. Activity in H1 has been notably down as investors remain cautious and delay purchasing decisions.