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GVA - Economics and Property Market Review (Spring 2018)

GVA - Economics and Property Market Review Spring 2018

The Spring edition of this quarterly review from GVA covers the general economic trend and affect on the commercial property market, as well as an in depth review of all sectors of the occupier and investor markets (Office, Industrial / Logistics, Retail, Leisufre and Land).

The reseach can be dokwnloaded from GVA or by clicking here to go direct to the research.

Key points from the research are as follows:

Outlook for growth

A key milestone in the Brexit negotiations was reached near the end of last year, with the EU agreeing to move onto negotiations around future trade relations. However, this phase will be much more challenging and the nature of Brexit and transition towards the final arrangements is still highly uncertain. Whilst there could well be further shocks to arise from the Brexit negotiations these are likely to diminish assuming a withdrawal agreement is reached, possibly in quarter three. The rising global momentum should fuel growth although uncertainty caused by Brexit will hold back economic growth in the UK, which is expected to be below trend and subdued compared to other major economies. The Treasury consensus forecasts economic growth to slow to 1.6% in 2018 (see table). However, it appears that we are approaching the bottom of this economic cycle, assuming Brexit talks result in a sensible trade deal for the UK.