The impact of the pandemic on property has superseded that of Brexit, but that's not to say that Brexit risks can or should be fully discounted. While we expect a slim deal to be agreed this year, we envisage it having a notable upside effect on pricing. But, if a deal is not agreed by the end of October, we could see investor concerns weigh on both transaction volumes and pricing, causing an additional uptick in yields late this year and into early next year.
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