Update: April 2019 – London Offices

Optimism surrounding a possible resolution of the US-China trade dispute has influenced positive developments in equity markets over the past month. Despite accelerating wage growth, services inflation remains weak, meaning that the Fed Funds rate will remain on hold for some time. The UK economy has grown at low, but positive rates in the first quarter of the year. The Brexit extension prolongs uncertainty in the UK property market and, while March investment volumes were 60% higher than February, they were 10% down on the same period last year. Despite soft investment volumes and occupier demand for City offices, supply remains constricted, and any fall in rental values is expected to be short lived.