If growing fears of a sustained rise in inflation proved well founded, this will present another obstacle to a meaningful recovery in commercial property values. But a repeat of the 1970s experience, when weak growth and high inflation pushed real values down by a quarter, is a very remote prospect.
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