UK commercial property update and outlook
May 2024
UK commercial property quarterly total returns edged back into positive territory in March and April as valuation yields near their peak. There is increased depth to the buyer pool, but investment transaction volumes remain relatively muted while there is ongoing lack of suitable stock available. However, sellers may return in (moderately) increased numbers to take advantage of the lack of competition if pricing is not expected to materially improve over the short term. Performance in 2024 will remain muted but there is potentially more scope for stronger returns in 2025.
