Q3 2020 commercial property update


The combined fall in UK economic output in March and April amounted to -25.3% but was shallower than expected.

The rate of recovery will depend on the evolution of the pandemic, measures taken to protectpublic health, and how governments, households and businesses respond to these factors.

All Property total returns returned to positive territory in Q3 at 0.7% as an income return of1.4% offset a capital loss of -0.7%.

However, the second wave of regional lockdowns and a disruptive collapse of the Brexit tradetalks could yet see the market fall further.

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