UK economic performance remains lacklustre given that business investment remains flat. This is the direct consequence of Brexit induced business uncertainty. This uncertainty is also impacting direct investment in real estate as buyers ‘wait and see’ and as property owners to hold back assets from the market.
The evidence suggests that should a deal be agreed with the EU by 31st October, that a surge in activity levels is to be expected in the last two months of the year. This may come too late to salvage disappointing transactional volumes for 2019, but will also mean a strong start to 2020.
Let’s be hopeful as there are electoral risks to real estate that many of us would prefer not to think about, most of which would result in a further extension of uncertainty. We will hopefully know more by the release of the next Snapshot, after the European Council Meeting on the 17th and 18th of October.
The evidence suggests that should a deal be agreed with the EU by 31st October, that a surge in activity levels is to be expected in the last two months of the year. This may come too late to salvage disappointing transactional volumes for 2019, but will also mean a strong start to 2020.
Let’s be hopeful as there are electoral risks to real estate that many of us would prefer not to think about, most of which would result in a further extension of uncertainty. We will hopefully know more by the release of the next Snapshot, after the European Council Meeting on the 17th and 18th of October.
