Quarterly Review Q3 2016: November 2016

The third quarter of 2016 will always be a memorable one as the first full quarter after the referendum vote. Whilst from a headline news perspective it has been usurped by the US electing a property developer, businessman, and reality TV star as its president, for the commercial property industry, Q3 has given us our first signs of what may be to come over the next couple of years. As the quarter unfolded it became clear that inflation would start to move up fuelled by a drop in the value of the pound. The debate as to how quickly this will move, and whether this will be a short spike followed by more normal levels of inflation has begun. Download pdf