It’s been a year of two halves for the UK real estate sector. The past 12 months began with huge growth with investors continuing to buy into the sector at incredible pace, no doubt looking to benefit from the 40 per cent hike in commercial property prices over the past six years.
But as the year progressed, fears of a property slowdown gathered pace, with confidence taking a significant hit in the run up to the EU referendum. When swathes of the country backed Brexit, the fallout was immediately felt throughout the property industry. As investors raced towards the door, three large property funds with combined assets worth more than £9 bn barred investors from withdrawing their cash.
The UK is now faring far better than expected, three months after the referendum decision. But what will the year ahead hold for the real estate sector? Will international investment continue? What will the sector do to make sure it sustains the ongoing success?
RSM’s forthcoming real estate report will delve into these issues, looking at the confidence within the sector and where investment is coming from
For more information please get in touch with Howard Freedman.