Update: July 2020 – A market overview
Although the COVID-19 pandemic continues to roll on, some economic recovery was seen this month, with economic data and equity prices responding positively to the easing of many lockdown restrictions. The UK, however, is somewhat lagging behind in the global recovery.
Property prices will likely remain subdued for the rest of the year, in line with a slow economic recovery. This is apparent in central London, where Q2 investment levels remained weak and vacancy rates grew.
Whilst retail has seen a rebound in sales, the end of government schemes may spell further turbulence. Meanwhile, the industrial sector is proving to be the most resilient.