October 2024
UK commercial property quarterly total return has risen to an annualised rate of over 7% as we approach the end of the year, which marks a definite improvement over the -7.6% and -0.8% annual total returns recorded in 2022 and 2023. The much-anticipated October Budget presented challenges, opportunities and unfinished business for the property sector. The outlook is cautiously positive but increases in the 10-year bond yield over the last seven weeks up to and immediately after the Budget will impact the cost of debt and scope for future inward yield shift.
