Commercial property investment momentum was sustained in January, with particularly strong interest for office and retail assets.
While GDP growth slowed as Omicron disrupted economy activity, there are signs that this proved only temporary. The Bank of England will continue to raise interest rates this year, resulting in further gilt shifts.
In this month’s Snapshot we highlight:
- January investment volumes reached £3.7bn, slightly above average
- Further yield compression evident across several locations and asset classes
- Industrial supply remains supressed, resulting in expectations for further rental growth