The UK’s commercial real estate market has been far more resilient in the face of the pandemic than was first feared in March and April after the introduction of Lockdown 1.0.
Ultra-low risk free rates and a low outlook for interest rates remain supportive of real estate investment.
In the 12-months to the end of December 2020, All Property total returns decreased to -1.0% from 2.1% in 2019.
All Property total returns could recover to +5% in 2021 and an annualised average of 7% in the 3 years ending December 2023.
