Crumbling commercial property valuations and sales signal looming slump
UK commercial property market valuations are falling at their fastest pace since the Brexit vote and dealmaking is stuttering to a halt, in early indications that higher interest rates could tip the market into a prolonged downturn.
According to index provider MSCI, UK commercial property values fell 2.6 per cent last month, the largest monthly fall since July 2016.
“It’s a fairly gloomy outlook. There’s clearly a great degree of uncertainty in the market at the moment,” said Tom Leahy, head of real assets research for Europe, the Middle East and Asia at MSCI.
This story originally appeared on: Financial Times - Author:George Hammond
