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Property Snapshot October 2019

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property snapshot october

Brexit is clearly impacting the economy, but so is a global growth slowdown fuelled by trade tensions.

Despite a weakening UK GDP trajectory, a technical recession this year will be avoided. Beyond this year, economic forecasts seem futile until we know if there is deal or an extension. As of this writing it is in the hands of the DUP. Despite this instability, investment volumes improved in Q3 2019 reaching £13bn, a 40% increase from a very weak Q2 2019.

Should a deal be agreed with the EU by 31st October, a surge in activity might reasonably be expected in the last two months of 2019. With a fair wind, the annual figure transaction total could top £45bn, with a substantial activity spilling over into 2020.

Property snapshot 2019 october

Property Snapshot October 2019

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Oliver Kolodseike

Director of Economics and Research

Research and Forecasting

London - West End

Oliver is Head of Economic Research and leads the quarterly UK forecasting process including the publication of Colliers' Real Estate Investment Forecasts (REIF) report. He also  authors the monthly Property Snapshot and, quarterly Scotland Snapshot. Prior to joining Colliers, he worked for the Centre for Economics and Business Research and IHS Markit. Oliver holds a BA in Economics from  Georg-August University Göttingen (Germany) and an MSc in Economics from Exeter University.

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