As a very challenging year draws to an end, we are pleased to share with you our final Property Snapshot of 2020, in which we highlight:
- Year-to-date investment volumes are down by “only” 18% from 2019 levels
- Office take-up down, industrial take-up up
- Demand remains strong for industrial assets, supermarkets and PRS
Although the economy has clearly suffered under various lockdowns and restriction to our daily lives, the commercial property market has remained remarkably resilient. We expect pricing to remain stable in 2021 and cross border investment to help annual transaction volumes to return to levels of around £60bn.