Investment activity in the United Kingdom suffered in the first half of the year as overall volumes dropped to £19.8 billion ($24.2 billion), a 32 percent decline year-over-year, according to a new real estate outlook by UBS-AM Real Estate & Private Markets.
It was the lowest volume for the first half of the year since 2012.
The drop comes largely as a result of uncertainty caused by Brexit, however, not entirely. The UK Real Estate Outlook – Edition 2H19 also cites issues within the retail sector having a major impact on liquidity, with a transaction volume of just £2.5 billion ($tk billion).
Opportunistic buyers are considering investing in retail; however, the gap between valuations and realistic market pricing is so wide on both the underlying rental levels and yields that it’s ge
