We believe that debt-backed retail and international investors will remain a permanent fixture in the UK’s commercial property market. Their presence will make abrupt yield shifts, like that which we are currently seeing, more common. Shorter and sharper market adjustments will not necessarily affect average future total returns, but they will make them more volatile relative to their own past and to their historical position against other asset classes.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services