As 2018 draws to a close and the industry prepares to take a well-deserved break over the Christmas holidays, many will be taking the time to reflect on the past 12 months and look ahead to 2019.

Richard Williams

This bumper final edition of Property Week’s Perspectives supplement for this year is therefore perfectly timed, especially with Brexit just a few months away.

It is a chance to take a step back from the hustle and bustle and consider the bigger issues affecting the property world at the moment. We have compiled the views of 14 industry thought leaders for a one-stop shop of themes that will shape the industry going forward.

It features topics on everything from proptech, alternative lending markets and the Hackitt review to apprenticeships, a car parking revolution and the view from the auction room.

Just park2

A lot of people in the industry have questioned where we are in the cycle, none more so than in the industrial sector, which has witnessed record low yields and dramatic rent rises. Verdion’s head of asset management Simon Walter sets out how to ensure performance in a low-yield, late-cycle market.

Potentially one of the biggest impacts on the office market next year, aside from Brexit, is the introduction of the new International Financial Reporting Standards, which will require companies to reveal the full costs of leasing their office space in their annual reports. It is estimated it will add £200bn to UK occupiers’ liabilities on their balance sheets, putting property costs into sharp focus. The outcome, according to Regus UK chief executive Richard Morris, is a flight to a more flexible solution and an increase in demand for serviced offices.

You’ll find plenty more insightful pieces in this packed edition of Perspectives. I hope you enjoy the read..

Richard Williams is Property Week’s news content editor