Economic and commercial property activity was relatively muted during the summer months.
GDP rose by just 0.1% m/m in July and CRE investment volumes slowed to £2.4bn in August. That said, in the year-to-date, volumes are up by 35% on 2020 and, more importantly, by 6% on 2019 levels. Watch out for any further insight into when the Bank of England may raise interest rates when the MPC meets on 23rd September.
In this month’s Snapshot we highlight:
- Ytd investment volumes up on both 2020 and 2019 levels
- Further yield compression evident
- Industrial take-up could reach record high in 2021
