Update: August 2017 – Regional Offices

The economy has lost some momentum in the first half of 2017, after a surprisingly strong performance following the vote to leave the EU. However, this appears to be largely driven by the impact of higher inflation, as opposed to uncertainty about Brexit weighing heavily on households’ and firms’ spending decisions. The next few months are pivotal for Brexit negotiations. Despite the current mixed sentiment, the outlook for UK commercial property is in good health. Investors continue to be attracted by its underlying strengths, whilst the higher income returns from UK property look set to remain attractive to investors, many of which have the additional benefit from the current currency discount.