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UK Property Snapshot | January 2023

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Latest GDP figures suggest that the economy held up better than expected at the end of 2022 and that the start of a recession may be delayed until Q1 2023. 

 

However, latest commercial property investment figures point to quite the opposite, marking one of the weakest ends to a year on record. Yields continue to rise, although there are signs that some sectors such as industrial are moving closer to stabilisation already.

Highlights in this months’ Snapshot include:

  • Only £2.4bn transacted during December (80% below five-year December average)
  • 2022 was a record-year for PBSA investment (£6.2bn)
  • Yield expansion has started to slow after rapid repricing during the summer months

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UK Property Snapshot | January 2023

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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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