The latest available data from MSCI and other property sources suggest that UK commercial property markets are remarkably stable
In contrast, anecdotal data suggests that the market is slowing markedly. This has less to do with the summer holidays, and more to do with the global economic headwinds, enduring supply chain disruptions and the cost of living crisis.
Above all, investor uncertainty due to tighter monetary policy in a setting of increasing risks of a UK recession has stalled decision-making. Short- to medium-term risks are skewed decidedly to the downside as markets await the next Bank of England rate decision on 4 August and the result of the UK political leadership transition.
Key highlights in the month's Snapshot include:
H1 2022 investment volumes are 15% above long-term average
- Yields are stabilising or marginally softening across various sectors
- Q2 2022 London office take-up figures are 20% above long-term average
Find out more in our July UK Property Snapshot.