By David Parsley2019-02-12T08:25:00
Source: Wikimedia Commons/Colin and Kim Hansen
Royal Bank of Canada (RBC) has issued a Brexit warning to the London office market, predicting rents will fall 16-18% in the next five years.
The bank, which has also initiated coverage on the UK’s top real estate investment trusts (REITs), believes UK rents are close to their highs, while property yields and interest rates are at their lows. RBC believes these factors would ordinarily lead to an unattractive growth outlook, but added to macro-economic issues such as Brexit could trigger a “significant pause in tenant demand”.
You must be logged in to continue
Register for free to finish this article.
Sign up now for the following benefits:
To access this article REGISTER NOW
Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.
Registered users and subscribers SIGN IN here to continue
Site powered by Webvision Cloud