Regional Property Market Snapshot: December 2016

2016 has been an almost unbelievable year. The speed with which breaking news was overtaken by more breaking news was quite extraordinary, and looks set to continue in to 2017. For commercial property, the implications of the vote to leave the EU are likely to put pressure on Central London offices from an occupancy perspective in 2017, and rental growth and capital growth expectations have consequently been downgraded for these markets, particularly in the City. Most agents tell us that there has been little downward pressure on current pricing in spite of this, which reflects the attraction of London as a place where investors - overseas in particular - will want to continue to put their money. Download PDF