New worries are rising, but evidence from November suggests that a reasonable year end is in the making for commercial real estate and annual investment volumes this year will beat both the 2019 and 2020 figures.
Given that inflation has already broken through the 5% mark in November, there is now a real possibility of the Bank of England raising interest rates tomorrow. However, most forecasters still expect it to delay the process of normalising monetary policy into 2022 due to the emergence of the Omicron variant and some associated short-term disruptions.
In this month's property snapshot, we highlight:
- Monthly investment volumes stable at around £4bn in November
- Unrelenting demand for industrial space drives rents higher and yields lower
- Second-best month for residential investment since June
Find out more by downloading the full report.