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Property Snapshot April 2020

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property snapshot april 2020
Economic data is deteriorating and will worsen in coming weeks and months after the UK PMI fell to a record low of just 36.0 in March. The previous low was 38.1 during the height of the global financial crisis. It is clear that the UK will be hit by a sharp recession, but trying to predict the magnitude of the downturn is impossible. However, the economy could be back to pre-crisis levels as early as the end of this year. Much depends on how long the lockdown will last and how steep the recovery is. Global financial markets have stabilised somewhat in the past weeks and seem to respond more to news on the trajectory of Covid-19 rather than economic data. It is impossible to gauge the extent of the recession, but it looks like the Q2 contraction in GDP will be considerably stronger than during the height of the GFC. We believe that a V-shaped recovery is likely unless the lockdown is extended beyond mid-May.

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Property Snapshot April 2020

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Walter Boettcher

Head of Research and Economics

Research and Forecasting

London - West End

As Head of Research and Economics at global property advisors Colliers based in London, I lead a team of researchers identifying timely research topics and directing research and forecasting outputs. I have 25+ years of UK and European property industry experience and extensive expertise across a wide range of sectors and related industries. I participate regularly in industry panel discussions, but am focused more on direct client engagement with institutions, property companies, banks, and private investors. A regular media commentator, I have a wide range of national publication and broadcast experience. I joined Colliers International in August 2007 after several years at a private property company where I was responsible for managing a mixed portfolio of London residential, retail and office assets. Previously, I worked in a few London property advisory firms, a geodemographic company as well as a few youthful sojourns in the US offshore oil industry, local government and entertainment business. I am an economics graduate of the University of Texas at Austin and received a  PhD from the Faculty of Science at University College London.  I am a member of the London Property Economics Forum and  Society of Property Researchers.

Perhaps best known for my alternative take on property economics and investment, I am a keen proponent of UK regional development and infrastructure investment.

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