As expected, the UK economy bounced back strongly in Q3, following the record contraction in Q2.
Given the new lockdown measures, a renewed decline in Q4 GDP is likely, but a double-dip recession should be avoided. Investment markets have also recovered from the weak second quarter, and the Sep/Oct sales volumes figure is 25% above the corresponding 2019 period. Market momentum suggests that 2020 full-year investment volumes will reach £40-45bn.
- Monthly investment volumes above corresponding 2019 figure for second month running
- Supermarkets remain in high demand, with yields hardening and a further £110m invested
- Office sector records second-highest investment levels so far this year, but take-up figures are well below average